03/09/2021
FIU uncovers $27B in suspicious transactions
In the reporting period between 2019-2020, the FIUTT adjusted its supervisory activities due to the challenges of COVID-19.
Regulation, Risk & Compliance
03/09/2021
Country lists updates to the Handbook and Instruction
The amendments include the removal of the Cayman Islands from the list of equivalent jurisdictions
03/08/2021
Jersey financial regulator attacks Neil Woodford’s relaunch plan
Channel island vows to uphold strong protections for fund investors
03/08/2021
Anti-money laundering: Cayman is held to a higher standard
The move does not directly impact doing business with or through the Cayman Islands. But being placed on the FATF’s so-called grey list is a blow to Cayman’s reputation as a financial centre.
03/05/2021
Anti-money laundering: Cayman is held to a higher standard
The move does not directly impact doing business with or through the Cayman Islands. But being placed on the FATF’s so-called grey list is a blow to Cayman’s reputation as a financial centre.
03/05/2021
Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola
An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.
03/05/2021
Missing the mark? Why the future of beneficial ownership rules hangs in the balance
The onus is not on the individual but on the government to make the case.
03/05/2021
Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill
The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.
03/05/2021
Update on the Cayman Islands and the FATF’s List of Jurisdictions Under Increased Monitoring
The inclusion of the Cayman Islands on the Monitoring List has no direct consequences for investors or clients using Cayman Islands structures.
03/04/2021
Skipton International welcomes Stamp Duty Holiday extension
The holiday allows overseas resident purchasers to generate as much as a £15,000 saving on a property purchased at £500,000.
03/04/2021
Cyprus to lift veil of secrecy with register of company owners
Experts predict some companies will shift jurisdiction rather than reveal their beneficial owners.
03/04/2021
Ocorian acquires Guernsey-based compliance consultancy, Platinum Compliance.
Ocorian’s global operations and services are highly complementary to Platinum’s offering
03/02/2021
Stage 2…“a lot to get to grips with”
This will be a big test, to see if it sparks a rise in cases of Covid-19 and to see how effectively we can find them and control them.
03/02/2021
EBA Revises Guidelines on Money Laundering
The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing.
03/01/2021
UK ‘will respect constitution’ on ownership registers
A PARTNERSHIP between the UK government and Crown Dependencies respectful of ‘constitutional boundaries’ will deliver progress on publicly-accessible registers of company beneficial ownership.
03/01/2021
Overseas Territories also concerned about COI in BVI
CARICOM — an organisation of 20 states and dependencies — further said it is “dismayed” at how the COI was established with “no consultation, or prior communication between the UK government and the duly-elected government of
02/26/2021
CSSF on SFDR special accelerated procedure
The CSSF informs that the letter confirmation of the SFDR special fast-track procedure, has been adapted and it can also be used to support the review of sustainability information included in a prospectus/issuance document submitted outside of the SFDR s
02/26/2021
MIFID Firms– What is the Central Bank of Ireland's Focus for-2021?
The CBI updated its COVID-19 FAQs to list factors investment firms should consider when looking to pay dividends and variable remuneration, given the impact COVID-19 has had on the markets and the economy in recent months.
02/26/2021
Cayman Islands, Morocco Placed on Terror-Financing Watch List
The Financial Action Task Force has added four jurisdictions to its list of countries subject to increased monitoring
02/26/2021
A Guide to the BVI Approved Manager Regime
This guide outlines the eligibility criteria for an approved manager, the obligations of the role and the steps you need to take to apply for approval.