Category Archives: Banking

Multilateral Tax Convention Becomes Law In Singapore

The May 1 effective date comes some four months after Singapore ratified the Convention January 2016 and is part of effort to increase tax transparency and combating cross-border tax evasion in Asia’s top financial and business hub Continue reading

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“Playing” with a bank in Russia

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. A 42-year-old Russian man won an interesting case against a Russian bank. This man received an unsolicited credit card offer from online bank Tinkoff Credit Systems. Unhappy with the credit card terms, the man scanned … Continue reading

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What Is The Best Way For Governments To Combat Global Tax Evasion?

Given the state of the global economy and the fiscal constraints many governments find themselves one would reasonably think that all is being done to locate, account and tax these monies? With a conservative $21 trillion out there, the results so far speak for themselves. Continue reading

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Regulatory deficiencies impacting on Anti Money Laundering measures

By Charles Wanguhu Kenya currently risks being black listed by the OECD Financial Action Task Force (FATF) as a jurisdiction with key deficiencies in the control against money laundering. The other two countries on the list: the People’s Republic of … Continue reading

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Kenya Trending on Twitter

By Kamau Wanguhu Ardent twitterzens will have noticed in the past two days two distinct Kenyan topics that have been trending: firstly the passing on of Prof Wangari Maaathai a Nobel peace prize winner, great conservationist and former Member of Parliament. … Continue reading

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Chinese Bank To Take Control Of US Retail Bank?

By: Ainsley Brown In a move that would be the first of its kind, a state-owned Chinese bank could take control of a US retail bank. The Industrial & Commercial Bank of China (ICBC) has reportedly signed a deal to … Continue reading

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Islamic Banking And Finance: Why The Global Down Turn Was Good For The Sector

By: Ainsley Brown The global down turn it could be argued came as a blessing in disguise for the Islamic banking and finance sector (IBF).  But may not for reason you might think. The decline in western banking and finance, … Continue reading

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Hong Kong Hones In On London And New York For Top Banker Spot

By: Ainsley Brown According to the latest Global Financial Centres Index (GFCI), as conducted by the think tank Z/Yen Group, London and New York City (NYC) remain number one and two respectively as the top financial centres. However, Hong Kong … Continue reading

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UK Government and the “new deal” with credit card companies

By: Carsten Lexa In 2009 there were about 30 million credit card holders in the UK, holding about 58 million credit cards, down from 66 million credit cards in 2008. Beyond that, total household debt in the UK has reached … Continue reading

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Australia To Review Tax Laws On Islamic Finance

By: Ainsley Brown When an industry approaches being worth close to a trillion dollars it can no longer be considered a passing fancy or fad – Islamic banking and finance (IBF) is real and is as much a part of … Continue reading

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