10/29/2019
Collas Crill Explains...Continuing A Company Out of Jersey CRILL EXPLAINS...CONTINUING A COMPANY OUT OF JERSEY
Just like a person, a company can change its nationality.
Regulation, Risk & Compliance
10/28/2019
Ex-Formula One boss Bernie Ecclestone, 88, is set to settle his record £1BILLION tax demand with HMRC after a 20-year battle
Trust set up by his wife is believed to have raised £3billion from selling F1 stakes
10/28/2019
Bahamas to Introduce their own Fiat Digital Currency to Solve Post Disaster Economic Issues
The central bank aims to regulate the currency fully by bringing in policies to prevent money laundering, terror financing, and other illicit activities.
10/28/2019
MPs call for end to freeze on State pension for half a million expats living outside of Europe
Pension payments to British expats living in Europe will rise in line with inflation
10/28/2019
Cayman ‘Economic Substance’ Crackdown Impacting HK Hedge Funds
In short, the new ES legislation will impact on the fund industry in Hong Kong to the extent any offshore entities are utilised.
10/28/2019
Bermuda Tables Incorporated Segrated Accounts Companies Act 2019
Under the SAC Act, the statutory divisions between accounts do not create separate bodies corporate.
10/28/2019
Bahamas Development Bank taking more proactive approach to address non-performing loans
The bank has been a bit lethargic in terms of fulfilling its obligation to collect on those funds.
10/27/2019
FCA new webpage on Cryptoassets: AML/CTF regime
The MLRs apply to businesses in a range of sectors at risk of facilitating money laundering or terrorist financing
10/25/2019
Central Bank exploring ‘early introduction’ of digital currency on Abaco post-Dorian
The digital currency roll-is a key element in the Central Bank’s drive to modernize The Bahamas’ payment system, move consumers away from reliance on cash to electronic payments, and improve access to financial services – especially in r
10/25/2019
World Bank to open office in Maldives
With the opening of the office, World Bank's operations will be carried out in Maldives.
10/25/2019
Barbados agrees climate resilient restructuring deal
The external creditor committee (which together holds more than half of Barbados’s dollar debt) and the government have announced an agreement to exchange bonds maturing between 2019 and 2035 for one new bond maturing in October 2029.
10/24/2019
Davies offers regulatory advisory services to captives in Bermuda
Davies has partnerships with more than 500 insurance, highly regulated and global businesses from its operating bases in the UK, Bermuda, Ireland, the US and Canada.
10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.
10/24/2019
Guernsey funds consultancy launches US joint venture
Christopher Jehan, Managing Director of Midshore Guernsey, said: "Our American joint venture aims to feed more US-sourced work into the island, utilising both our services and those of the local financial services sector.
10/24/2019
Bermuda Amends Licensing Regime for Digital Assets Businesses
The DABA Amendment Act is intended to ensure that Bermuda remains a leading jurisdiction in the regulation of digital assets
10/23/2019
Financial Crime Risks in Malta
European authorities have required the Maltese government to strengthen its regulatory frameworks and comply with European Union (EU) law.
10/23/2019
Bermuda Tables Incorporated Segregated Accounts Companies Act 2019
ISACs will be governed by the requirements of the Companies Act 1981 (except where otherwise provided in the ISAC law) and licensed and regulated appropriately as an insurer or a fund.
10/23/2019
BMA proposes fee changes for service providers
The BMA proposes annual fees payable by both limited and unlimited licencees according to a fee-band based on the number of entities serves.
10/23/2019
Cayman Islands Regulatory Update: Q4 2019
The Regulatory Update provides a snapshot of some of the key legal developments in the Cayman Islands over the Summer of 2019.
10/23/2019
Kingate Funds obtain Chapter 15 recognition
The Mourant team also worked closely with Robert Loigman, Scott Shelley and Lindsay Weber, of Quinn Emanuel Urquhart & Sullivan LLP, on obtaining Chapter 15 recognition.