Category: Monthly

Switzerland postpones CARF reporting

The Case: Switzerland has postponed the start of automatic exchange of crypto-asset tax information under the OECD framework, whose introduction was originally planned for 2026. The Commentary: The delay follows announcements by key partner countries that they would implement the reporting later than expected because of ongoing international discussions on…

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FATF Urges Countries to Tackle Shell Company

The Case: Yesterday, the Financial Action Task Force (FATF) urged countries to “come clean” on shell companies, which it described as the “getaway car” for illicit financial activity. The Commentary: The warning comes ahead of a new round of FATF national assessments, where evaluators will closely examine how effectively jurisdictions…

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UBS to pay USD 300 million

The Case: UBS is to pay USD 300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States. The Commentary: Information from UBS: On 1 August 2025, Credit Suisse Securities entered into an agreement with the US Department of Justice to…

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