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Corporate Governance, Nigeria South Africa, Tax

US: OFAC settles with domestic and offshore bank on Sanctions violations

www.natlawreview.com/article/ofac-and-jpmorgan-chase-bank-agree-settlement www.ropesgray.com/en/newsroom/alerts/2018/12/Sanctions-Enforcement-Roars-Back-Takeaways-from-the-Societe-Generale-Settlement goo.gl/R5TDRC goo.gl/5wtq44 buckleysandler.com/blog/2018-11-27/french-bank-agrees-13-billion-settlement-resolve-us-sanctions-investigations www.manatt.com/Insights/Newsletters/Financial-Services-Law/US-Sanctions-Enforcement-Against-Foreign-Financial goo.gl/KXPPyK www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20181119_33.aspx www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-criminal-charges-against-soci-t-g-n-rale-sa-violations 0
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Iran, Sanctions, South Sudan, US Namibia, Tax

South Africa: Loop Structures – when they are legal

www.cliffedekkerhofmeyr.com/en/news/publications/2018/Tax/tax-alert-17-august-crossing-borders-the-not-so-golden-loop-structure.html www.ensafrica.com/news/detail/3222/loop-structures-and-the-controlled-foreign-co/ Update: www.ensafrica.com/news/detail/3653/goodbye-to-the-loop-structure-prohibition/ www.ensafrica.com/news/detail/3679/loop-structures-are-no-longer-prohibited-in-s/ www.fasken.com/en/knowledge/2021/01/11-loop-structure-prohibition-finally-removed/ insightplus.bakermckenzie.com/bm/tax/south-africa-removal-of-prohibition-of-loop-structures-dont-forget-to-check-the-tax-consequences www.kwm.com/en/cn/knowledge/insights/briefing-note-for-state-of-emergency-in-myanmar-20210205 www.walkersglobal.com/index.php/publications/100-article/2788-change-on-loop-structures-opens-up-bermuda-bvi-cayman-guernsey-and-jersey-wealth-structuring-options-for-south-africa-residents 0
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Foreign Exchange, South Africa

Nigeria: Federal Government issues Executive Order on Voluntary Offshore Assets Regularization Scheme

banwo-ighodalo.com/grey-matter/re-examining-the-purport-of-the-executive-order-no-6-of-2018 pwcnigeria.typepad.com/tax_matters_nigeria/2018/10/executive-order-on-voluntary-offshore-assets-regularisation-scheme-voars.html goo.gl/URRvwG banwo-ighodalo.com/grey-matter/taxation-of-offshore-assets-highlights-of-the-presidential-executive-order-no-8-of-2018 goo.gl/jenLdk home.kpmg.com/ng/en/home/insights/2018/10/executive-order-008-on-voluntary-offshore-assets-regularization-.html Click to access ng-KPMG-Newsletter-on-VOARS.PDF goo.gl/KLJzLg Click to access THE-VOLUNTARY-OFFSHORE-ASSETS-REGULARISATION-SCHEME.pdf goo.gl/f2SxnZ goo.gl/u5haXG goo.gl/PZaDeR 0
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Nigeria, Tax, Tax Amnesty, Voluntary Disclosure Banking, Egypt Foreign Exchange, South Africa

UK: Dos Santos win full discharge of Worldwide Freezing Order by Fundo Soberanto de Angola

www.clydeco.com/blog/insurance-hub/article/fundo-soberano-de-angola-v-dos-santos-worldwide-freezing-order www.oeclaw.co.uk/news/commercial-court-discharges-3-billion-freezing-order-in-relation-to-angolan-sovereign-wealth-fund www.out-law.com/en/articles/2018/august/freezing-injunction-duty-disclosure/ www.oeclaw.co.uk/images/uploads/judgments/Bastos.pdf www.bailii.org/ew/cases/EWHC/Comm/2018/2199.html   0
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Angola, Asset Protection, Freezing of Assets, UK

South Africa: Far-reaching proposed changes to the taxation of foreign trusts

www.ensafrica.com/news/Far-reaching-proposed-changes-to-the-taxation-of-foreign-trusts?Id=3139&STitle=tax www.bakermckenzie.com/en/insight/publications/2019/04/tightening-the-noose-on-foreign-trusts www.ensafrica.com/news/detail/1584/offshore-trusts-basic-considerations-and-rece/ www.ensafrica.com/news/detail/1819/offshore-trusts-the-basic-considerations-and-/ Update: www.ensafrica.com/news/detail/1819/offshore-trusts-the-basic-considerations-and-/ 0
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South Africa, Tax, Trusts