12/02/2020
EU, FATF lists causing correspondent banking problems
Bethel said there are cost implications to these kinds of problems with correspondent banks that place the country’s financial sector at a competitive disadvantage.
12/01/2020
GFSC signs MoU with Guernsey Banking Deposit Compensation Scheme
The GBDCS was formed in Guernsey in 2008 during the financial crisis as an important safeguard for Guernsey depositors.
12/01/2020
Legal Services Bill marginalises Caymanians
The proposed LSB also states that a person who is otherwise be entitled under the Immigration (Transition) Law
12/01/2020
Notice - Maples and Calder (Ireland) LLP
Claire’s appointment is part of a long-term international investment strategy and follows a number of recent strategic appointments across our global offices to ensure that we continue to effectively meet the ever-changing needs of our clients.
12/01/2020
Before transitioning to the OFR, any eligible foreign investment fund which is to be marketed in the UK, is required to be opted into the Temporary Permissions Regime ("TPR") by no later than 30 December 2020.
12/01/2020
Firms will be notified soon that their fee invoices are ready for collection through the myJFSC portal.
12/01/2020
The Bancorp CEO Damian Kozlowski said the order was quite broad in its application.
11/30/2020
An entity that indicates it does not comply with Economic Substance Regulations in the declaration section will be required to indicate which parts it failed to comply with.
11/30/2020
Those disclosing SARs need to be confident that, when filing them, their data will remain confidential. If not, then they need to have the right to a remedy against FinCEN.
11/30/2020
Clarity on employer obligations to home working employees is particularly welcome due to the significant increase in employees working from home on a full or part time basis due to COVID-19 restrictions.
11/30/2020
Regulation is necessary and should provide a clear framework for asset managers and suitable protection for investors.
11/27/2020
A joint enforcement notice on misleading adverts is one of several interventions to tackle promoters.
11/27/2020
The Supreme Court unanimously dismissed Halliburton's appeal.
11/26/2020
A practical guide to substance in Guernsey for trust and corporate service providers
Whilst the new substance regime is aimed at companies rather than trusts, where those companies form part of a trust structure, the trustees will seek reassurance that applicable substance requirements are being met.
11/25/2020
FIAU fines Credence €261,000 over shortcomings in due diligence of PEPs and lack of scrutiny of high-value transactions
11/25/2020
Dart first considered the question of where to locate its own family office in the early 1990s in order to choose an offshore base of operations for Ken Dart and his family.
11/25/2020
Given the challenges posed by the need for increased regulation and compliance of these sectors and the growth in interactions between the DCI an online system has been established to make things easier.
11/24/2020
This report comes as a result of a coordinated supervisory exercise performed alongside national competent authorities (NCAs), following a recommendation issued by the European Systemic Risk Board (ESRB) in May.
11/23/2020
CRS to be introduced locally to combat tax evasion
This is the Revenue Administration (Amendment) Act, which was approved by the Lower House on November 10 and passed in the Senate yesterday.
11/23/2020
Yet, the situation in Central America and neighbouring Colombia is catastrophic.