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Jurisdictions news

01.04.2019 The registry of beneficiaries in Cyprus will be introduced on January 1st, 2020

 Since January 1st, 2020, a register of final beneficiaries will be introduced in Cyprus, in accordance with 5th Anti-Money Laundering EU Directive entered in force in July, 2018

22.03.2019 Global Forum on the definition of beneficial owners

On March 20th, in the framework of the OECD Global Forum together with the Inter-American Development Bank a toolkit was prepared to assist law enforcement agencies in ensuring forum standards and as well as assistance in accessing to reliable information on identifying the ultimate beneficial owners of companies.

18.03.2019 Did the exchange with the UK stop?

On March 15th, 2019 Great Britain excluded Russia from the list of engaged in the automatic exchange of financial information, according to «The Bell».

14.03.2019 EU updated the list of "not cooperating" tax jurisdictions

On March 12th, 2019 the European Commission updated the list of non-cooperating tax jurisdictions.

13.03.2019 OECD updated the list of countries

The official OECD website has published list of countries which joined to the expanded BEPS cooperation program by March 2019.

23.11.2018 OECD reported about results of the first automatic exchange

The Organization for Economic Cooperation and Development has published the report about the results of the first automatic tax exchange in which 86 countries have participated.

18.10.2018 Switzerland has implemented the first international information exchange

Switzerland reported that the Federal Tax Administration (FTA) has implemented the first exchange of financial information about accounts to EU countries, Canada, Ireland, Japan, Norway and South Korea.

07.08.2018 The blockhchain courts will appear in Dubai

On July 30th, 2018 International financial center of Dubai has announced about the formation of blockchain courts.

08.06.2018 Anti-money laundering in the EU

On June 7th, 2018 the Council of Europe has adopted the additional norms to the Directive on the prevention of the financial system using for the purposes of money laundering or terrorist financing.

23.05.2018 The Convention between the Russian Federation and Belgium for the avoidance of double taxation

On May 23rd, 2018 Russia has ratified the Convention with Belgium for the avoidance of double taxation.

11.05.2018 Malta has ratified the OECD Multilateral Convention

On April 27th, 2018 Malta has ratified the OECD Multilateral Convention of Implementation of the BEPS plan.

26.04.2018 The Latvian banks aren’t allowed to service shell-companies

On April 26th, 2018 the Sejm of Latvia adopted amendments to the Law Anti-Money Laundering.

23.04.2018 Cryptocurrency will equal to property in New Zealand

The Tax Authority of New Zealand has published a guide under which the cryptocurrency will be treated as a property.

20.04.2018 The implementation of BEPS plan in the UK

The Tax Authority of the UK has published several amendments concerning agreements for avoidance of double taxation.

09.04.2018 The US Offshore Disclosure Program

On September 28th, 2018 the US Tax Authority announced Offshore Voluntary Disclosure Program (OVDP).

15.03.2018 Three jurisdictions removed, three added to EU list of non-cooperative jurisdictions
On 13 March 2018, the Council of Europe removed Bahrain, the Marshall Islands and Saint
Lucia from the list and added the Bahamas, Saint Kitts and Nevis and the US Virgin Islands.

30.01.2018 Six States Signed The BEPS Multilateral Instrument

On 24 January 2018 Barbados, Cote d'Ivoire, Jamaica, Malaysia, Panama, and Tunisia signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.

06.12.2017 EU put 17 countries in its tax heaven blacklist

The European Union made the first blacklist of tax heavens and put 17 countries in it.

02.11.2017 Malta will establish a beneficial ownership register

Malta's Ministry for Finance will publish legislation regulating the managing of beneficial ownership register.

03.10.2017 Black lists of clients of Russian banks

Rosfinmonitoring, the Central Bank and banks since October 2, 2017 began to exchange information about dubious customers, which financial organizations refused to serve under the "anti-laundering" legislation.

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News

04/01/2019 11:45:00

The registry of beneficiaries in Cyprus will be introduced on January 1st, 2020

 Since January 1st, 2020, a register of final beneficiaries w ...

Read more

03/22/2019 11:42:00

Global Forum on the definition of beneficial owners

On March 20th, in the framework of the OECD Global Forum together ...

Read more

03/18/2019 11:41:00

Did the exchange with the UK stop?

On March 15th, 2019 Great Britain excluded Russia from the list of ...

Read more