CBDT clarifies Principal Purpose Test under the Mauritius-India tax treaty
Corporate social responsibility
26 January 2023
On 7 December 2022, Hong Kong passed its amended AML Ordinance (AMLO), introducing a licensing regime for VASPs, a two-tier registration regime for Precious Metals and Stones as well as other amendments to align with Financial Action Task Force standards.
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The Variable Capital Companies Grant Scheme (“VCCGS”) was first introduced by the Singaporean Government on January 15, 2020. It was supposed to last for three years and was scheduled to end on January 15, 2023.
25 January 2023
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces the expansion of its long-running business relationship with ICICI Venture.
In 2022, Apex Group continued to disrupt the industry through product innovation and announcement of over a dozen acquisitions, including the successful close of the acquisition of Sanne Group. While we continue to face macro challenges, work through fiscal pressures and cost-of-living crises in many countries, in addition to a growing energy crisis and the broader issue of climate change, we are optimistic about the future of our industry.
24 January 2023
Jennifer Vella, Senior Risk Executive at ZASMalta explains the advantages of having a proper functioning risk management function.
23 January 2023
Geopolitical challenges last year led to an energy crisis which will have long-term implications for the world economy. Past market experiences such as inflation and higher interest rates seem unlikely to abate during 2023, as the recession deepens. The fund managers that will succeed in 2023 and beyond will be those who are able to embrace uncertainty and seek out opportunities for efficiency and innovation to support both their portfolios and their investors during this period of market dislocation.
Apex Group Founder & CEO shares predictions for 2023 in Global Custodian
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the planned acquisition of Bank of America Custodial Services (Ireland) Limited (“BACSIL”), the Irish depositary business of Bank of America. Apex Group will acquire BACSIL through its subsidiary European Depositary Bank (“EDB”).
19 January 2023
ASIC has issued an infringement notice to Diversa Trustees Limited in respect of alleged greenwashing by Cruelty Free Super.
Read our latest regulatory and compliance update focusing on Bermuda by Rebecca Holloway.
Read about the updates affecting businesses in Bermuda that took effect.
Investor requests for greater data and transparency are driving PE firms to work with service providers to become recession proof.
