11/28/2019
US FATCA crackdown pushing demand for tax advice
The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.
Legal, Regulation & Compliance
11/28/2019
APRA responds to industry concerns
"Some industry participants thought that this interpretation would limit scrutiny on the performance of choice products," APRA said.
11/28/2019
FSC hails super choice amendments
It's unacceptable that even today, when there is so much pressure on super funds to modernise and be more efficien
11/28/2019
Mizuho penalized for not reporting $77m in Caymans profits
Japanese megabank says it didn't skirt taxes in 2008 effort to raise capital
11/27/2019
Vietnam Banks to Include ESG Factors in Credit Risk Analysis
In line with this, financial institutions will also be required to establish a dedicated ESG analysis unit by 2025.
11/27/2019
Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders
The TIWB initiative is set to launch a number of pilot programmes in support of developing countries' efforts to ensure the effective use of AEOI data.
11/27/2019
International community has achieved unprecedented success fighting offshore tax evasion
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/27/2019
As Hong Kong suffers, China risks losing its financial window on the world
The territory’s recession is getting deeper and the US is threatening its special trading status, bringing serious consequences for Beijing
11/27/2019
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
The result of this judgement is that the full circumstances and background of 1MDB’s dodgy dealings with IPIC will now be fully examined in open court in London
11/27/2019
JAPAN: Govt to give up plan on income limit for elderly workers’ pension cut
At present, elderly workers aged 65 or older are subject to reductions or suspensions of kosei nenkin public pensions for corporate workers if their wages and pensions exceed ¥470,000 per month.
11/26/2019
HKMA Warns FIs Against Churning Investment Funds for Clients
Some sales staff have solicited and recommended customers into “highly frequent trading” of investment funds, leading to high commissions and/or fees and charges, adversely impacting investor returns, the HKMA said.
11/26/2019
Finance office holds extensive talks with investors in Malaysia, Singapore
During the talks, opportunities for financial cooperation between Turkey and Malaysia, representatives to be opened mutually
11/26/2019
Luigi Wewege Outlines the Current Three Best International Banking Jurisdictions and Why
The only way to know which jurisdiction is best for you is to look closely at what each one has to offer.
11/26/2019
Close and remote resemblances in the anti-hybrids rules
It takes an approach that is detrimental to Australian taxpayers.
11/26/2019
VP Bank: Building Size and Capability to Seize the Opportunities in Asia
Together, they articulated the VP Bank proposition and explained how the bank is adroitly adapting its business model to seize the plentiful opportunities that lie ahead.
11/25/2019
Much awaited Hong Kong Court of Final Appeal decision on anti-Bartlett clauses handed down
This is our initial take on the decision with more detailed analysis to come over the next few days.
11/25/2019
How Westpac is alleged to have broken anti-money laundering laws 23 million times
Each breach carries a penalty of up to A$63,000. Westpac is accused of 23 million breaches.
11/25/2019
APRA floats insurance in super change
In cases where the insurance arrangement is for a term of three years or more, APRA will require the certification once every two years.
11/25/2019
Consultation opens for retirement income review
The financial services industry and wider community has just over two months to make submissions to the government's retirement income review.
11/25/2019
Morningstar to cease in-house credit research
Morningstar distributes its credit research to large adviser groups, often packaged with the firm's equity research.