The UK government has now published the final design of the mandatory disclosure rules (MDR) under which financial intermediaries will have to report arrangements that may otherwise avoid international exchange of information under the OECD’s Common Reporting Standard (CRS).
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Published date
24/11/2022
Measures in the EU Fifth Anti-Money Laundering Directive (5AMLD), requiring EU Member States to give the public unlimited access to their central registers of companies' beneficial owners, are invalid on privacy and data protection grounds, the Court of Justice of the European Union (CJEU) has ruled.
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Published date
24/11/2022
A mutual evaluation of Paraguay's anti-money laundering (AML) regime notes that the country is largely or fully compliant with 38 of the Financial Action Task Force's (FATF’s) 40 recommendations.
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Published date
23/11/2022
A marriage contract signed by a couple in France has been upheld as valid by the England and Wales Family Court (EWFC) as a factor in the wife's financial remedy application.
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Published date
21/11/2022
The United Arab Emirates (UAE) government has issued a cabinet resolution that, for the first time, sets out rules to determine when a natural or legal person is to be considered a tax resident.
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Published date
21/11/2022
Spain's new ‘solidarity tax’ on wealth, announced at the end of September 2022, has now been introduced to parliament as an amendment to the non-government Bill on temporary taxes on the energy and finance industries.
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Published date
17/11/2022
Today's (17 November 2022) Autumn Statement from HM Treasury cuts the capital gains tax (CGT) annual exempt amount from GBP12,300 to GBP6,000 from April 2023, and to GBP3,000 from April 2024.
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Published date
17/11/2022
The Court of Appeal for Ontario has found that a bank did not fail in any duty to a customer when it did not advise a woman that she was no longer the beneficiary of her husband’s investment accounts.
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Published date
15/11/2022
A group of 22 jurisdictions have signed a multilateral agreement to exchange information with respect to income earned on digital platforms and 16 jurisdictions have signed an agreement supporting the OECD's model mandatory disclosure rules on Common Reporting Standard (CRS) avoidance arrangements and opaque offshore structures.
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Published date
14/11/2022
HM Treasury's Office of Financial Sanctions Implementation (OFSI) has issued a general licence permitting individuals or entities designated under the Russia sanctions regime to pay legal advice bills up to GBP500,000.
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Published date
14/11/2022