7 Sources for finding out more about your business partner in Russia – There are several public sources that help due diligence when entering into transactions. Here we summarise those used most often. i. The Unified State Register of Legal Entities is maintained by the RF Federal Tax Service, which is responsible for registration of […]

10 FATCA Facts All FFIs Must Know – The US Government’s Foreign Account Tax Compliance Act (FATCA) will take effect from 30th June 2013. FATCA requires non-US financial institutions, or as FATCA charmingly calls them “foreign financial institutions” (FFIs), and other financial intermediaries to help prevent tax evasion by US citizens. These FFIs include banks, […]

FATCA – inter-governmental agreements for crown dependencies – On Tuesday, 9 October 2012 the three Crown Dependencies, Guernsey, Jersey and the Isle of Man, each announced their intention to negotiate an inter-governmental agreement (“IGA”) with the US regarding the implementation of the US Foreign Account Tax Compliance Act (“FATCA”). The IGAs will follow the model […]

AWARDS ITS A DOUBLE WHAMMY FOR COMSURE… !!! – Comsure has made it through to the CIM Awards 2012 & The 8th Annual Compliance awards – Comsure is delighted to be included in the shortlist of nominations for the 8th Annual Compliance Awards AND CIM Awards 2012. Comsure would like to thank all its clients […]

Comsure makes it through to Compliance awards – Comsure is delighted to be included in the shortlist of nominations for the 8th Annual Compliance Awards. Comsure is further privileged to be included in the event due to a record number of entries being received this year – more than 150 across the 11 award categories. […]

TI publishes progress report on enforcement of OECD Convention on foreign bribery 17 Sep 2012 Transparency International (TI) has published (http://www.transparency.org/whatwedo/pub/exporting_corruption_country_enforcement_of_the_oecd_anti_bribery_conventio?intEmailHistoryId=811948&intEmailListId=133&intEmailId=60099&intExternalSystemId=1) its 8th annual progress report (http://herbertsmith.vuturevx.com/edit/email_handler.aspx?id=811948&redirect=http%3a%2f%2ffiles.transparency.org%2fcontent%2fdownload%2f510%2f2109%2ffile%2f2012_ExportingCorruption_OECDProgress_EN.pdf) on enforcement of the Organisation for Economic Cooperation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Convention). The Convention, which […]

HBOS banker Peter Cummings fined by regulator 17 Sep 2012 A former HBOS executive has been fined £500,000 by the UK financial regulator over his role in the bank’s collapse. Peter Cummings, the head of HBOS corporate banking from 2006 to 2008, has also been banned from working in the banking industry, the Financial Services […]

TI publishes progress report on enforcement of OECD Convention on foreign bribery 17 Sep 2012 Transparency International (TI) has published (http://www.transparency.org/whatwedo/pub/exporting_corruption_country_enforcement_of_the_oecd_anti_bribery_conventio?intEmailHistoryId=811948&intEmailListId=133&intEmailId=60099&intExternalSystemId=1) its 8th annual progress report (http://herbertsmith.vuturevx.com/edit/email_handler.aspx?id=811948&redirect=http%3a%2f%2ffiles.transparency.org%2fcontent%2fdownload%2f510%2f2109%2ffile%2f2012_ExportingCorruption_OECDProgress_EN.pdf) on enforcement of the Organisation for Economic Cooperation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Convention). The Convention, which […]