08/03/2021
MFSA issues warning about three online companies
Warnings about Legit Crypto Option, Admiral Capital Trade and Hillwood Limited
Regulation, Risk & Compliance
08/03/2021
Parental bereavement leave update - Jersey
The intention is clear – to ensure that grieving parents do not have to request or negotiate time off work following the tragic death of a child.
08/03/2021
Bahamas Chapter: Aviation Guide – The Legal 500 (2021)
The Q&A styled guide gives information about the current issues affecting aviation finance and leasing laws and regulations in The Bahamas
08/03/2021
Butterfield Reaches Resolution With US Department of Justice
The financial payments totaling $5.6 million in respect of Forfeiture and Tax Restitution Amounts are in line with the existing provision included in Butterfield’s financial statements as recorded in 2015 and 2016.
08/02/2021
TISE launches Qualified Investor Bond Market (QIBM)
The QIBM represents a dedicated exchange offering for the listing of bonds marketed to ‘qualified investors’
08/02/2021
Data on Maltese nationals’ Dubai offshore holdings given to police
Dubai List has information on around 20 Maltese nationals’ offshore holdings
08/02/2021
US targets wealthy tax evaders using Panama law firm
10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses
08/01/2021
HMRC’s review of Family Investment Companies and their use for wealth planning
Whilst so far there have not been any significant changes to the taxation of FICs, we may see new anti-avoidance rules in the future.
07/30/2021
Reforming a Cayman Islands STAR trust: A lesson in obsolescence
The written reasons recently released by the Court
07/30/2021
Demystifying VASPs in Crypto Compliance
This definition encompasses a range of crypto businesses, including exchanges, ATM operators, wallet custodians, and hedge funds.
07/29/2021
The Director Registration and Licensing Regime in the Cayman Islands
The DRLA also prescribes a licensing regime for corporate directors of Covered Entities.
07/29/2021
NFTs: Authenticity, accessibility and equitability in the art world
NFTs are units of data created and stored on blockchain technology.
07/29/2021
Dispute over CIFA finances following Cayman’s World Cup qualifiers
CIFA says player, staff payments were adequate following manager's criticism.
07/29/2021
IoD welcomes "more proportionate" border policy
The emergency decision-making body has now sidelined that idea in favour of lateral flow tests on arrival.
07/29/2021
JTC Comments: FCA Statement on SPACS
The consultation process was launched in April following a huge demand for SPAC listings in New York in 2020.
07/29/2021
Ireland Update: Imposing Pay Cuts without Employee Consultation or Consent
This may be due the general level of acceptance by staff that pay cuts were unavoidable given the unprecedented circumstances.
07/29/2021
Implications of the BVI Data Protection Act for Investment Funds
The remainder of this note focuses on the specific effect of the Act on investment funds.
07/28/2021
A new era of assertiveness for the UK regulator
Newgate Compliance (an Ocorian owned company) Managing Director, Traci Pham and Senior Consultant, Jay Pyne summarise the key points and what firms can do to plan ahead.
07/28/2021
Tax factsheet – The UK’s Statutory Residence Test
Considered at a high level, the SRT is relatively straightforward.
07/28/2021
The International Stock Exchange - new Listing Rules
In order to increase TISEA's competitive position in respect of bonds issued under programmes, lifetime fees will be charged which will vary according to specific circumstances.