FIU Luxembourg v. FIU Monaco
The annual report 2007 of SICFIN, the Monaco FIU, informs of the staffing of SICFIN and of its positioning:Le SICCFIN, est un service administratif relevant du Département des Finances et de...
View ArticleSwiss cheese is not as good as it used to be and Luxembourg sells a stinking...
In the previous article relating to Luxembourg I have evoked the impossibility for the actors in the Luxembourg jurisdiction to deal with change.My wording was based on Spencer Johnson’ famous book:...
View ArticleLuxembourg regulator much better than Irish regulator to communicate on Madoff
I have raised that the Luxembourg regulator is much better than Irish regulator in the communication on Madoff. The Irish regulator this week published its annual report 2008. It ignores Madoff...
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Depositor & Investor Compensation Schemes: Luxembourg v. France v. Belgium
Figures (in EUR) As far as investors are concerned, the Directive sets a Community minimum level of compensation per investor of Euro 20 000, while at the same time authorising Member States to...
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Regulators: France v. Luxembourg
In the context of the debate on the depositary, let’s compare the regulators in France and in Luxembourg on a couple of telling criteria. Comment There are much...
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Tax Havens: International Tax Avoidance: the figures
Figures from the CRS report Comment: 1. Median: 4.4 2. Canada is leader of the "G7" group 3. Luxembourg is leader of the "Larger Countries (GDP At Least $10 billion) on Tax Haven...
View ArticleBankers’ state of mind between lines: Switzerland v. Luxembourg
Le secret bancaire helvétique existera tant que les Suisses le soutiendront. Ce qui est différent, c’est qu’il ne sera plus possible de se réfugier derrière le secret bancaire pour les activités...
View ArticleGRECO celebrated its first ten years of existence
On 5 October 2009, the Group of States against Corruption (GRECO) celebrated its 10th Anniversary with a High-level Conference which brought together a large number of Ministers and Secretaries of...
View ArticleReactions about TJN Index : UK v. Luxembourg
If bankers and politicians (that are their servants) in Luxembourg denies TJN's findings, in the UK, David Taylor, Member of Parliament for North-West Leicestershire, asked: "The Tax Justice Network...
View ArticleUK Regulator v. Luxembourg Regulator
The Financial Services Authority (FSA) fined UBS AG (UBS) £8million for systems and controls failures that enabled four employees to carry out unauthorised transactions involving customer money on at...
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