7th November 2017
Cayman Compass A long-anticipated review of Cayman’s anti-money laundering and anti-terrorism financing protections is due to occur next month and Attorney General Samuel Bulgin has warned the territory not to expect an easy pass. “We are fully aware that the upcoming review by the Caribbean Financial Action Task Force… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
6th November 2017
By Martha M. Hamilton, Sasha Chavkin, ICIJ U.S. Commerce Secretary Wilbur L. Ross Jr. has a stake in a shipping firm that receives millions of dollars a year in revenue from a company whose key owners include Russian President Vladimir Putin’s son-in-law and a Russian tycoon sanctioned by the U.S. Read More
6th November 2017
By David Shepardson, REUTERS President Donald Trump’s former campaign manager Paul Manafort offered to post more than $12 million (£9.17 million) in real estate and life insurance assets and to limit his travel in a bid to avoid continued house arrest, according to court documents filed on Saturday. Manafort, who… Read More
6th November 2017
BBC A new Saudi anti-corruption body has detained 11 princes, four sitting ministers and dozens of former ministers, media reports say. The detentions came hours after the new committee, headed by Crown Prince Mohammed bin Salman, was formed by royal decree. Those detained were not named. BBC security correspondent Frank… Read More
3rd November 2017
By David Thorpe, FT Adviser Jay Powell’s appointment to succeed Janet Yellen as chair of the US Federal Reserve is likely to benefit markets, according to several UK fund managers. Mr Trump broke with recent precedent by not re-appointing Ms Yellen for a second term. Presidents Clinton, Bush and Obama… Read More
3rd November 2017
The US on Thursday severed Bank of Dandong from its financial system, saying it acts as a conduit for illicit North Korean financial activity. The institution is used for North Korea to access the US and international systems, including facilitating multi-million dollar payments for firms engaged in North Korea’s ballistic… Read More
3rd November 2017
BBC The organisation at the frontline of UK consumer protection says it is seeing a pattern of “old scams, new tricks”. National Trading Standards (NTS) said that while online crime was a growing problem, time-honoured fraud methods would not disappear any time soon. It said many people were still hounded… Read More
2nd November 2017
Internet traders should bolster their systems in light of increased risks of cyberattacks, Hong Kong regulators said. The Securities and Futures Commission (SFC) issued guidance for internet traders, aimed at ensuring they provide a safe environment for their customers to operate from. In order to protect client’s internet trading… Read More
2nd November 2017
President Jacob Zuma has denied that he received any undisclosed money from private individuals or companies during his term as president. This was Zuma’s answer to an urgent question put on the order paper by DA leader Mmusi Miamane for Thursday’s question session in the National Assembly, relating to allegations… Read More