The Taxation (Business Tax, Exchange of Information, and Remedial Matters) Billincludes the necessary measures for New Zealand to implement the G20/OECD standard for the Automatic Exchange of Information in tax matters, which New Zealand financial institutions will have to comply with, and measures to further strengthen and update New Zealand's international tax rules with new…
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Singapore Companies Forced to Register Controlling Entities
Singapore's government will enact legislation requiring companies and limited liability partnerships to maintain registers of controlling parties. Companies will be given 60 days to set up their registers, and must send out notices to anyone whom they have reasonable grounds to believe are controllers, or who are likely to know the identity of controllers. …
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IRS Criminal Investigation Releases Fiscal Year 2016 Annual Report
IRS criminal investigations have decreased over the past few years in the wake of a steady staffing decline, with the 2016 fiscal year seeing fewer cases involving identity theft, money laundering and other financial crimes, according to an agency report released Feb. 27, 2017. The Internal Revenue Service announced in its IRS Criminal Investigation (CI)…
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FinCEN Extends Tracking Secret Buyers of Luxury Real Estate in Manhattan & Miami
On Thursday, January 14, 2016 we posted U.S FinCEN Will Track Secret Buyers of Luxury Real Estate in Manhattan and Miami where we discussed that the Financial Crimes Enforcement Network (FinCEN) on January 13, 2016 issued a Geographic Targeting Orders (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons…
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