by Luigi Benincasa

The revised Anti-Money Laundering Act extends the requirements for verifying the identity of beneficial owners and stipulates the obligation to periodically review client documentation to ensure that it is up to date and to renew it, if necessary. The determination of the periodicity based on adequate risk criteria is a key element.

by Lugi Benincasa/Michael Steiner

Spain decided to introduce a Financial Transaction Tax by January 16, 2021. There are various country specific topics to be considered, while the experience with the FTTs in France and Italy will provide some orientation.

by Michael Steiner

The adequacy of Swiss data protection law for the EU market will be reviewed in the first half of 2020. Whereas the relevant EU standard already exists (GDPR), the revision of the Swiss Data Protection Act is still under discussion.

by Luigi Benincasa

The “Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures” complement the CRS and improve the quality of the exchange of information in tax matters. 

by Gunther Manske

With the "DAC 6" directive of the EU, which came into force on 25.06.2018, there will be a new reporting obligation for (inter alia) banks and financial service providers from 2020 onwards, insofar as these are involved in any way in the field of such cross-border tax arrangements.