Now Sanctuary Wealth unveils new 'Global Family Office' as it ramps up its int'l offering

Sanctuary Wealth, an Indianapolis, Indiana-based wealth management company that last year announced plans to expand into the international market, has acquired a stake in a Los Angeles-based "multi-family office and advisory firm" that it says "will facilitate the launch of Sanctuary's latest offering – Sanctuary Global Family Office – and complement [its] other recent expansions into international family office services."

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Dutch lawmakers to again address FATCA, on Tuesday

This coming Tuesday, members of the Dutch House of Representatives will once again take up the issue of the American tax evasion prevention law known as FATCA, and the problems it is continuing to cause for thousands of Dutch citizens with mostly historic links to the U.S.

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EU says it ‘deplores lack of FATCA reciprocity,’ in document implementing tax info exchange texts

In an 18-page document mostly containing formal texts having to do with the implementation of EU requirements for the exchange of tax information, the European Parliament has devoted several paragraphs to criticizing the 2010 U.S. tax evasion-prevention law known as FATCA, saying that it "deplores" FATCA's "lack of reciprocity," and adds that it is resulting in "the United States becoming a significant enabler of financial secrecy for non-U.S. citizens" as a result.

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Schwab closes TD Ameritrade accounts to new business in four overseas jurisdictions

Charles Schwab has confirmed that it is "making changes" in certain international jurisdictions, as it continues to incorporate the business of its former rival, TD Ameritrade – and that this means that although American clients in certain countries will be allowed to keep their existing accounts, they will "not be able to open new accounts, make deposits, or place 'buy' orders."

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U.S. Senate's Wyden queries Swiss bank over its historic FATCA compliance of billionaire's accounts

Senate Finance Committee Chair Ron Wyden (D-Oregon) has written to a senior official at Mirabaud, a Geneva-based bank, to enquire about the way it complied with FATCA during the time it was looking after money belonging to a U.S. billionaire, who was indicted in October, 2020, by the U.S. Justice Department for various financial offenses, including tax evasion, failure to file Foreign Bank Account Reports, according to documents posted on the U.S. Senate Finance Committee's website.

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Now Lehagre's AAA files 'request for enforcement' with Dutch data protection authority, over FATCA info transfers

The Paris-based Association of Accidental Americans (AAA) said it has today filed a "request for enforcement" with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens), in which it said it is "demanding an immediate halt to the automatic transfer of European citizens’ personal data to the United States," as part of the Dutch government's compliance with the U.S. tax evasion-prevention law known as FATCA.

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Opinion

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

Tax Research's Richard Murphy: The real Pandora Papers message – 'Offshore's big issue now is the fight to save democracy'

The world – including its banks, cross-border financial services institutions and even many governments – has come a long way since the Richard Murphy and others founded the Tax Justice Network in around 2003...

Oct-08-2021