Regulation

A controversial new law came into force in France on 1 November 2021 to apply, under certain conditions, French forced heirship rules even where a will specifies a foreign legal system should apply.  This could have significant consequences for some UK residents with French assets.

The double taxation agreement (DTA) beyween Russia and Switzerland could be revised after officials met last week

Sunrise Brokers LLP has been fined over £600,000 by the UKs Financial Conduct Authority (FCA) for deficient anti money laundering systems and controls

The UK government is proposing a scheme intended to help families access funds belonging to loved ones who lack mental capacity without the need to go to court

A freedom of information act has revealed that HMRC has already issued several financial institutions with requests for taxpayers' financial information and as a result no investigation or tribunal has come from it

Canadian province Ontario has announced plans to address tax evasion, money laundering and other illicit financial activities by amending its Business Corporations Act

Countries are losing a total of $483 billion in tax a year to global tax abuse committed by multinational corporations and wealthy individuals – enough to fully vaccinate the global population against Covid-19 more than three times over, the Tax Justice Network has claimed

Nearly one percent of all registered property titles are registered to individuals with an overseas correspondence address

When both the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) came into effect, collectively referred to as Automatic Exchange of Information (AEOI), the understanding across industry was that the format in which the physical reports would be delivered would be standardized in order to reduce the administrative burden....

The Swiss Federal Council has brought the Federal Act on the Implementation of International Tax Agreements (ITAIA) and the associated ordinance into force with effect from 1 January 2022