News and articles | Page 2

Financial Transactions and Reports Analysis Centre of Canada has published updated guidance on exchange of personal material between informing entities. This material sets out procedure for entities that intend to voluntarily exchange data for purpose of combating money laundering and terrorist financing, in compliance with mandatory requirements for defense of personal data. New clarifications are...

For independent investment advisors, depositary is not ancillary service or technical detail. It is basic infrastructure of business. Client assets, transactions, reports, cash flows and most of operational load pass through depositary. A mistake in choosing such partner is costly – in terms of money, time and reputation. In practice, many consultants choose depositary by...

Choosing reliable custodian and related services is key element of corporate financial accounting and securities servicing infrastructure. Choosing wrong depositary partner can lead to delays in operations, errors in reporting, reduced investor confidence and increased operational risks. In today’s environment, companies are faced with wide range of custodians and services, which requires systematic approach to...

Term “ready-made company” refers to firm that is already already recorded with Companies House, has not been actively trading prior to sale, and is formally considered “empty”. Such firm has legal existence, registration number and date of incorporation, but, according to supplier’s assurances, has no trading register, obligations or accounts. After acquisition, new owner receives...

Financial Conduct Authority’s annual work programme sets out the regulator’s priorities for the planned period and serves as a guide for financial market participants, government agencies and other interested parties. The programme links FCA’s strategy to specific actions that the regulator intends to implement over the coming period and reflects a combination of tasks aimed...

Setting up firm in UK in 2026 remains accessible to non-residents: legal regulations do not prohibit foreigners from registering legal entity here. However, existence of firm itself and opening bank account are two different processes. While organizations registration is highly standardized, banking practices for legal entities with non-British ultimate beneficial owners present practical barriers and...

The landscape of monetary restriction in Canada has experienced a significant transformation with the introduction of the Retail Payment Activities Act (RPAA). For money services firms (MSBs) operating in the country, this act represents a paradigm shift in how remittances are regulated and how MSBs must conduct their activities. Understanding the nuances of the RPAA...

In an increasingly globalized world, asset-protection is a top priority for individuals and enterprises alike. Defending your wealth from lawsuits, creditors, and conceivable economic instability is crucial for economic security and peace of mind. One of the most effective and lawfully sound strategies for safeguarding your acquisitions abroad is the use of a Cook-Islands Trust....

Acquisitions protection is a concern for many individuals and businesses looking to maintain their wealth. In a world of ever-increasing litigation, financial instability, and potential liability issues, many are turning to off-shore trust structures to safeguard their acquisitions and services. Among the various off-shore options, the Cook-Islands Trust stands out as one of the most...

Innovative technologies make it possible to improve many processes in various areas of business. In the financial industry, one of the most recent breakthroughs is considered to be the emergence of e-money. This has led to the fact that in many countries begun to appear regulators on the circulation of such funds. The emergence of...

A comprehensive review of the top UK firm deposits is intended to assist small-business owners in choosing their ideal lending partner. Developers seeking a swift market entry often opt for a ready-made company in the UK, as it avoids the protracted bureaucratic rigmarole associated with firm creation. Key Takeaways Keeping a firm checking balance is...

The UK is indicated by foreign capital-holders as a jurisdiction with favorable tax-system: it’s diverse approaches for everyone, privileges, and governmental prompt regulation of tax policies in times of crisis. The current system of taxation encourages non-citizens to invest in the development of the local economic environment and is very fair and loyal to non-doms...