Practitioners to be forced to report ‘aggressive’ cross-border tax planning The EU Council of Finance Ministers has approved a draft Directive requiring tax advisors, accountants and lawyers to report corporate cross-border tax planning schemes that bear ‘hallmarks’ suggesting they may be considered aggressive. The reports will be automatically shared among Member States, which have until...Read More

In an effort to enhance Hong Kong’s regulatory regime for combating money laundering and terrorist financing, a new licensing regime for trust or company service providers (TCSPs) and new requirements on the keeping of Significant Controllers Registers by companies took effect today (March 1). The new licensing regime for TCSPs has been introduced under the...Read More

Malta’s transposition of the Fourth EU Anti-Money Laundering Directive will make the fight against money laundering and terrorism financing more effective Malta has enacted legislation to fully transpose the Fourth Anti-Money Laundering Directive. This directive has been transposed into Maltese law by virtue of amendments to the Prevention of Money Laundering Act, the enactment of...Read More