05/29/2020
Luxembourg Issues Guidance On DAC6 Tax Scheme Reporting
Member states' tax authorities are also required to exchange data on tax planning arrangements on an automatic basis.
Legal
05/29/2020
Bahamas broker to appear before SEC over illegal US operation
He illegally operated as a broker-dealer in the US by soliciting customers in the country by advertising Gibraltar’s brokerage services despite not being registered.
05/28/2020
The use of digital contracts and electronic signatures in the British Virgin Islands
'Electronic record' is defined under the Act as information generated, sent, received or stored by electronic means including electronic data interchange, electronic mail, telegram, telex or telecopy.
05/27/2020
Appleby Advises Standard Chartered Trust (Guernsey) Limited on the Cessation of its Business in Guernsey
The winding up application formed the final phase of the Group’s cessation of business in Guernsey, announced in July 2016, as part of Standard Chartered Bank’s (SCB) centralisation of its trust and fiduciary services offering to Singapore.
05/27/2020
Common Reporting Standard – Compliance of Financial Institutions under Scrutiny by BVI International Tax Authority
The Act and the BVI Guidance Notes on CRS require that all BVI Financial Institutions establish
05/27/2020
Exit from Lockdown: Practical employment implications for CI businesses
As a central part of their preparations for lifting lockdown restrictions, businesses should focus on the views and concerns of their employees and speak to their staff about the options as well as any variations to contracts and policies.
05/27/2020
Walkers advises Aircraft Leasing & Management Limited on Aircraft Transaction
ACIA Aero owns over 50 regional aircraft and provides aircraft leasing and lease management services worldwide to both passenger and freight lessees.
05/27/2020
An overview of the BVI’s sanctions regime
The guide sets out what sanctions are, why financial sanctions are used, who is subject to financial sanctions, and how subjects can remain compliant with any sanctions regimes that are extended to the BVI.
05/27/2020
Carey Olsen and Aztec Group support €1.1bn Deutsche Beteiligungs Fund VIII
The Carey Olsen team, led by partner Tom Carey with support from senior associate Chris Hutley-Hurst and associate Felicity Wai, provided Guernsey legal, regulatory and tax advice to DBAG in respect of the formation, structuring and launch of Fund VIII.
05/26/2020
Pilatus fined for failing to give information to FIAU
Bank was fined for its failure to reply to two 2017 requests for information
05/26/2020
Carey Olsen advises on Yoo Capital's Jersey fund launch
The Carey Olsen team advising on the launch was led by partner Chris Griffin, assisted by associate Stephanie Hobbs.
05/26/2020
ATO cracks down on foreign investment
As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies or individuals lending to Australian businesses that were unable to secure traditional finance and that produced financing arr
05/26/2020
Two Bedell Cristin partners included in Top 100 Trust Litigators List 2020
Andrew specialises in all aspects of international wealth structuring in the Cayman Islands and British Virgin Islands.
05/25/2020
Nicholas Pattman is the sole offshore lawyer recognised in Latinvex’s “Top 100 Lawyers” 2020
Conyers Latin America group advises clients located in or transacting with Latin America on the laws of Bermuda, BVI and the Cayman Islands.
05/25/2020
Ian Mann named as a Top Trust Litigator in Citywealth’s Top 100
Research revealed the top 100 individuals who have the knowledge, skill and determination to negotiate with the toughest opponents through the hardest circumstances.
05/24/2020
New Supervisory and Enforcement Regime on the Horizon: Practical Guidance for Financial Institutions
In Q1 2021, the Commission will publish legislative proposals "to deliver a single rulebook in the field of AML/CFT, based on a thorough impact assessment.
05/24/2020
Cayman Regulatory framework for virtual asset services adopted
Attorney General Samuel Bulgin lent his support to the bill, stating that it strikes a balance between new, innovative ways of conducting business and the public interest.
05/24/2020
Cayman Lawmakers pass raft of anti-money laundering bills
The CFTAF rated Cayman only partially compliant in terms of beneficial ownership transparency, citing challenges in verifying the information and a lack of effective sanctions for non-compliance.
05/22/2020
Registration deadline approaching fast: Cayman private funds and limited investor funds
Private funds and limited investor funds existing prior to 7 February 2020, as well as new private funds launched between 7 February 2020 and 6 August 2020, have until 7 August 2020 to register with the Cayman Islands Monetary Authority
05/22/2020
Kenya’s elite cart away Sh328bn of World Bank aid
The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania.