06/24/2019
Lloyds freezes 8,000 offshore Jersey accounts in dirty money push
UK lender spent three years asking clients for personal information under new rules
06/24/2019
The obligation to file AML/CFT reporting forms is a new requirement with two forms to be submitted to CIMA via the online REEFS portal by 15 August 2019.
06/24/2019
The arrangement, while non- exclusive, provides for a focused commitment by both parties to explore the expansive China market.
06/24/2019
Tria also urged POGOs not to hesitate to approach Pagcor should they need clarification.
06/24/2019
It is still hard to know how well this system is working
06/21/2019
Fraudsters impersonating island’s financial watchdog
06/21/2019
This article addresses what Cayman Islands regulatory requirements lenders in the fund finance arena should be aware of and breaks down our views as to what questions can reasonably be asked of borrowers as part of the due diligence process.
06/21/2019
The timing of the commencement of the voluntary liquidation of a Cayman Islands company was often driven primarily by the desire to avoid incurring the following year's annual government fees.
06/21/2019
P&R PRESIDENT Gavin St Pier, has sought to reassure the finance sector over a public register of beneficial ownership.
06/20/2019
The government had tried since 2005 to convince parliament to adapt Swiss law, while in 2015 the OECD said it considered Swiss attempts to tighten rules on bearer shares insufficient.
06/20/2019
Escrow agreements are ideal for this kind of transaction because a buyer might be purchasing something they’ve not seen in person or had authenticated by a trusted party they’ve been able to appoint themselves.
06/20/2019
As an industry, we are now looking ahead to working together with government and other partners to move forward
06/20/2019
The move follows sustained pressure on the islands to do their part of tackle tax avoidance.
06/20/2019
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/20/2019
Failure to complete and submit the forms by the 15 August 2019 deadline could result in deregistration of the excluded person.
06/19/2019
The Cayman Islands-based broker, together with California-based stock promoter Gannon Giguiere and three others, is accused of having participated in penny stock pump-and-dump schemes that purportedly netted the defendants $1.57 million in proceeds.
06/19/2019
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/19/2019
The Crown Dependencies (Jersey, Guernsey and the Isle of Man) have announced a joint policy commitment as to “ultimate beneficial ownership” information.
06/19/2019
In recent months, tax advisories such as EY and Smith & Williamson noted that Dominica's CBI Programme is not a risk to tax reporting either.
06/19/2019
The European Union anti-money laundering rules say that a public beneficial ownership register is essential in the efforts to combat the misuse of shell companies to hide money.