William Alpert’s Post

Do you know the implications of the #FATFGreyList is on South Africans?    Mark Chasey, a native South African, discusses the #FATF Grey List and what it means for #SouthAfrica and South Africans in terms of securing transactions and #investments in a financial environment that is continuously evolving.    #GreyList #FinancialActionTaskForce #HighNetWorth #OffshoreStructuring #Offshore #WealthMangement 

Collaboration in all ramifications is key in fighting against financial crime. Authorities of each country should also look into the challenges many of these bodies encounters , like resource constraints and financial sustainability.

Some thoughts from Oliver Stacey and me on investing in conflict zones -part of Norton Rose Fulbright's Inside Africa series. Inevitably there is a lot you can't say in a 5 minute video so please reach out if you would like to discuss in more depth!

"Moneyland: Maltese passports, English libel, American privacy, Panamanian shell companies, Jersey trusts, Lichtenstein foundations, all add together to create a virtual space that is far greater than the sum of their parts." 📚 Book 5 of 2024: 'Moneyland; Why Thieves & Crooks Now Rule the World & How to Take it Back' by Oliver Bullough📚 Moneyland by Oliver Bullough offers a gripping exploration of the secretive world of offshore finance and its profound impact on global economies and societies. Its hard to believe the lengths people will go to evade taxes, launder money and perpetuate corruption. All this being enabled by the biggest countries, financial institutions and legal houses across the world. From offshore vehicles, opaque shell companies and tax havens, you can even go as far as buying a new nationality & diplomatic immunity if you have enough money. If this doesnt work out you can silence media by hiring world class PR teams and lawyers. This book provides an insight into the systems that enable Moneyland to exist. It enables individuals and organisations to siphon precious resources away from those in need, it imperils development, security, stability, and faith in financial markets. Until countries have bilateral agreements in place where infomation flows both ways there will always be a place for people and ogranisations to game the system. What book are you reading this week? #banking #compliance #aml

From #corporate #governance to #AEOI, the #Cayman Islands is implementing more regulations, affecting #funds and fund managers. See the comment section for the link to our article. #BolderGroup

Held a bilateral meeting with the UNODC Senior Crime Prevention and Criminal Justice Officer – OiC, Regional Section for Europe, West and Central Asia Division for Operations, Tofiq Mürşüdlü Within the framework of the meeting an agreement was reached on the following: 1) organization of a special course on parallel financial investigations; 2) holding workshops on asset recovery topics in terms of search, tracing, freezing, seizure/confiscation of virtual assets, trusts (including investigation of crypto-crimes, identification of beneficiaries of "blind trusts", etc.); 3) organisation of practical training courses for Asset Recovery Committee - Prosecutor General's Office of Kazakhstan staff and PGO’s special prosecutors responsible for the special cases and LEA supervision; 4) inviting international specialists/experts for a detailed review of specific successful cases on asset recovery and other topics. Discussed technical assistance opportunities, including issues on a mechanism of uniting asset recovery units across the world 🌍

A year on from its #Greylisting, South Africa hustles to rectify financial oversight. Investments in law enforcement suggest progress, but economic impacts loom as the #FATF keeps a watchful eye. Can SA achieve its 2025 delisting goal? Read the full story. #FinancialActionTaskForce #EconomicRecovery https://lnkd.in/dsJYumvK

The pandemic has turned Singapore into a haven for over 1,100 #SingleFamilyOffices (SFOs) by the end of 2022, attracting affluent individuals worldwide. The Monetary Authority of Singapore also recently introduced five key changes to the tax incentives offered to SFOs. These include broadening the tax incentive framework, capital deployment in local entities and contributions towards philanthropy. This article explores such tax incentives and regulations for SFOs. It also examines the competitive dynamics between the Singapore and Hong Kong family office landscape. Read more here - https://lnkd.in/g2cjkgU3

In our latest Channel Islands funds update, we round up recent legal and regulatory developments in Jersey and Guernsey. Read our full newsletter: https://loom.ly/67ZAu8s Our update includes a #tothepoint summary of: ➡️ First quarter investment statistics for Jersey and Guernsey ➡️ Revised Jersey Private Fund Guide ➡️ GFSC policy statement on approach to fund tokenisation #Jersey #Guernsey #InvestmentFunds #Regulatory

📣We're thrilled to share that yesterday our Senior Anti-Corruption Advisor, Mr. Nikola Naumovski delivered a comprehensive online presentation to the participants as part of the ongoing course on the Efficient Public Sector Asset Management (EPSAM) Program, organized by the CEF (Center of Excellence in Finance). 👨🏫 During this session, Mr. Naumovski showcased RAI activities, with a special emphasis on highlighting the Regional Asset Recovery Network, a space for committed professionals and experts in the field. 📖This course isn't just any ordinary learning event. It's a dynamic opportunity to explore and strengthen legal, institutional, and strategic frameworks crucial for effective asset management. 📅The online course lengths from March 11 to March 22, packed with insightful webinars, interactive sessions, and practical assignments. Whether you're a policymaker, public sector manager, or academic, there's something valuable for everyone. Ready to be a part of the change? Dive into the conversation, share your experiences, and let's pave the way for a more transparent and accountable future together! 🔗Check out the Regional Asset Recovery Platform: https://arrplatform.org/ #AssetRecovery #AntiCorruption #Transparency #arrplatform #southeasteurope #RaiSEE