Sentences with phrase «offshore financial holdings»

Not exact matches

And so it fell to the Financial Review to run a hastily cobbled together story detailing Mizzi and Schembri's offshore holdings — the Australian interest was mainly the New Zealand trusts.

The broker holds a license by the International Financial Services Commission (IFSC) in Belize, which is known as an offshore destination for forex and binary options brokers.

Any savings held offshore, ie, particular types of savings accounts, not any money held in a non-UK bank, are usually regulated by the local financial authority, rather than the FCA.

Fibo Gorup is an offshore forex broker with licenses from the offshore Financial Services Commission (FSC BVI) and CySEC, as FIBO Group Holdings Ltd..

The CRS, introduced by the Organisation for Economic Co-operation and Development (OECD) as part of an effort to address offshore tax evasion, requires financial institutions to report to their government certain information about financial accounts held by non-residents.

Advised on bringing claims in excess of US$ 1 billion against an oligarch's former business associate and successfully obtaining an injunction against his former financial advisers, freezing sums held in banks in the former CIS and offshore.

We are probably talking about billions of pounds sterling held within financial structures at well known offshore centres.

The major implications for banks targeted by HMRC will be the administrative burden of producing the information requested; the risk of breaching confidentiality laws in the countries where the offshore accounts are held — for example under Swiss and Cayman Islands law there are criminal sanctions for breaching client confidentiality — and other conflict of laws issues; and the risk of Financial Services Authority investigations if it seems that the bank had encouraged the use of offshore accounts in a misleading way, eg by advertising them as tax - free, or by suggesting that HMRC would never know about the income earned on sums in the accounts.

Your money will be held in Jersey - one of the leading offshore financial centres in the world.