Managers of Wealth Offshore

Panama: New economic substance requirements for offshore jurisdictions

Equally vital is for administrators of such entities to demonstrate that they have shown regard towards the legislation by resolving that their

Cross-border transactions face EU anti-money laundering overhaul

Attempting to stop the movement of illicit funds across international borders is one of the new text’s priorities

Bermuda-based captives increase cyber premiums by more than 50% in 2018

It also noted an overall increase in the number of captives on the island writing cyber coverage.

Bermuda Amends National Pension Scheme

The required vesting period has been shortened to one year from two years, with effect from 2 March 2020.

Guernsey to stay on Netherlands tax blacklist

By drawing up its own stringent blacklist, the Netherlands is once again showing that it is serious in its fight against tax avoidance,

Egrant inquiry uncovered ‘hidden’ Pilatus filing system

Bank wanted a ‘perfect’ report

Switzerland sends notices to Indians for trusts arrange in tax havens

The Cayman Islands-based trusts named in such notices come with The P Devi Kids’s Agree with, The P Devi Agree with, The Dinod Agree with and The Agarwal Circle of relatives Agree with.

Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020

The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.

Black money probe: Tax haven trusts come under scanner for Swiss bank accounts

Several individuals who are suspected to have moved abroad after evading taxes back in India are being probed and their banking details are in the process of being shared by the Swiss authorities with their Indian counterparts

Central Bank of Ireland resists bid to up workload in EU money laundering fight

Bank objects to being made to gather the information the EU requires to combat illicit deals

Financial group: ‘Hundreds of millions of dollars missing’ from Cayman fund

While financial filings in the Philippines had put the sale price at about US$1 billion, the US discovery application said the widely reported exit amount for The Port Fund’s sale of the asset was only half of that amount.

Global Journalist: 'Panama Papers' Journalist Describes Sprawling Probe

Both the 'Panama Papers' and 'Paradise Papers' investigations of offshore tax havens and money laundering involved a global network of dozens of journalists working in six continents.

NIA Signs Loan Agreement with Taiwan to Support Small Business Activity on Nevis

Based on the cordial relations between our two countries we are very pleased to make available this loan, and I therefore want to encourage people in Nevis to make the most of it.

Mirror Reflection of Barbados

Tourist arrival figures for Barbados continue to trend upwards and should surpass last year’s figures, which really is remarkable considering the many challenges facing the industry.

This year Maldives GDP will reach to 7.5%V

It is anticipated by MMA that there will be an increase in the development of the tourism sector this year, and new infrastructure developments will lead to development in the construction industry.

Year in review: Cayman addresses anti-money laundering shortcomings

The Financial Reporting Authority, meanwhile, received more funding to address a lack of resources needed to deal with a growing backlog of suspicious activity reports.

MGA Serious On Money Laundering, Confirms Canceling 18 Operator Licenses

The gambling regulator has also said that it has conducted 597 criminal probity screening tests for both land-based and remote gaming activities.

IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets

The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.

Belize National Assembly considers “black list” tax legislation

Wіth thе lеgіѕlаtіоn раѕѕеd, thе ѕhоrtfаllѕ аrе wіреd оut аnd thе Е.U. wіll rесоgnіzе Веlіzе аѕ а соореrаtіvе јurіѕdісtіоn.

Panama Papers supply 18.6 million euros

Reported in Belgium Knack, De Tijd and Le Soirthat at minimum 732 names of Belgian residents and residents come in the information breach of 11.5 million papers.

Regulation, Risk & Compliance