10/05/2021
The online platform enables users to access training on the AML regime through a sophisticated e-Learning module, which is regularly updated to ensure any changes to the AML regime are captured.
10/05/2021
While the group alleged that its revelations provided a further insight into how world leaders, public officials, wealthy oligarchs and others exploited international financial centres (IFCs) to avoid taxes and hide ill-gotten gains.
10/05/2021
The initial release of information always includes some genuine wrongdoing – corrupt politicians or alleged fraudsters, trying to hide wealth they presumably ought not to have.
10/05/2021
Secret files show sprawling industry of enablers exploiting gaps in anti-money laundering laws.
10/05/2021
Direct access to the market in Bermuda will help to facilitate mutual success across all our offices and compound the firm’s significant growth.
10/04/2021
Sarasin Funds Management (Ireland) Limited fined €385,000 and reprimanded by the Central Bank of Ireland for breaches of investment restrictions and inadequate supervision of delegates
10/03/2021
Mueri said the crowd limitations have also caused mass cancellations of popular Christmas activities such as staff parties, galas and other private events.
10/03/2021
A “beneficial owner” is a person who ultimately owns or controls an entity, although the entity may be held in another name.
10/01/2021
This proposed change follows various other Central Bank PCF list updates, most recently in March 2020 (see our previous client update for further background).
10/01/2021
In a private equity transaction, buyers and sellers need to be fully cognisant of the statutory change of control requirements in each of our jurisdictions.
10/01/2021
This change is permanent.
10/01/2021
The proposed ordinance amendments serve mainly to provide more detail on the adopted measures.
10/01/2021
Mask mandates, limits to crowd size and social distancing requirements were first introduced in 2020, under the previous government as part of strict measures to prevent community spread of COVID-19.
10/01/2021
As well consultations issued by the JFSC, we are working with the Government of Jersey to develop legislation that will ensure Jersey’s regulatory regime continues to meet international standards.
10/01/2021
Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.
10/01/2021
In this highlight, we provide a brief summary of the crowdfunding rules, emphasizing the key points set out therein.
10/01/2021
We have to have a jurisdiction where people want to move to the Island, work and spend money here.
09/30/2021
No names or account numbers were shared, only the number of accounts based on the residence of the beneficial owner and other details. Results
09/30/2021
Regulators who may have been accused of being asleep at the wheel very quickly responded to political pressure by introducing requirements that now seem commonplace.
09/29/2021
Two of those companies appear to be clones of legitimate ones, with the third appearing to be an unlicensed entity.