05/10/2019
Jamaica Government partners with World Bank to develop cat bond
The World Bank provided much of the support needed to help the government begin developing the cat bond, which is an investable capital market instrument.
Regulation, Risk & Compliance
05/10/2019
Bermuda ILS sector will move sustainable finance agenda forward: BSX
BSX added that many of its listings - in particular for the ILS sector - are developing products that it suggests will move the sustainable finance agenda forward.
05/09/2019
Strike Out Applications: The Perils of Putting the Cart Before the Horse
In applying the above principles, the CICA formed the view that the Petitioner's complaints were more wide-ranging than the Judge had found
05/09/2019
The British Virgin Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development
The British Virgin Islands was one of the first countries to agree to implement the AEOI under the CRS (referred to as the “Early Adopter Group”)
05/09/2019
BVI Probate in Practice
The New Rules didn't introduce any fundamental changes to the BVI probate process
05/09/2019
Register of Beneficial Ownership Act: a new day for beneficial owners
The search system will allow for the name of individuals or entities to be searched and restrains designated persons from informing any other person of a search being conducted.
05/09/2019
Govt Investment Control ‘Will Not Fly’ Under Wto
But Ramesh Chaitoo, one of the co-authors, said such a tariff “trade-off” could ultimately boost the Bahamian economy by removing an “opaque” approvals process that likely deters some investors due to the lack of transparency.
05/09/2019
How multinationals shift billions in revenue offshore and what Labor plans to do about it
On Tuesday, shadow treasurer Chris Bowen said a Labor government would introduce a "Tax Haven Blacklist", including places like the Cayman Islands and Bermuda.
05/09/2019
Malta’s Registry of Companies Set to Run on Blockchain-Based System
The establishment of a standalone agency aims to strengthen the internal management structure of the Registry.
05/09/2019
BOV, Malta Chamber strengthen ties for benefit of Maltese businesses
The Chamber and the bank are looking forward to continue building on the strong relationship they enjoy, by organising seminars on priority matters that add value to the business community such as occupational pension schemes, family businesses, access to
05/09/2019
Borders Council caught in tax haven payments scandal
The Cayman Islands connection came about because the estate is owned by two companies registered in the Caribbean tax haven.
05/09/2019
The Bahamas – A Future Hub for Fintech Banking aided by Deltec International
Bahamian entrepreneurs can use this fintech platform to create a financial service business based on a new operating model.
05/08/2019
UK company register eyes more powers to fight fraud
Amid criticism it is imposing public beneficial ownership registers on overseas territories
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/08/2019
IFC invests Sh5bn in new Helios fund
“The proposed project is for an equity investment of $50 million, not to exceed 20 percent of total committed capital.
05/08/2019
Guernsey, Isle of Man, Jersey publish tax guidance on economic substance
All companies with activities and income these sectors must demonstrate that they have adequate substance in the country and must meet reporting requirements.
05/08/2019
Bovell: Economic substance rules can be great for Cayman economy
At the end of the day, it is up to the company in question as to whether they feel the advantages of setting up a Cayman company outweigh the fact that they must relocate part of their business here.
05/08/2019
GFSC's 2018 annual report
On the financial front, 2018 was a strong year for the Commission in terms of income
05/08/2019
Commissoion Issue Thematic Review On Beneficial Ownership
An estimated 3,000 data sets were received and analysed, including from a questionnaire sent to all full and personal fiduciary licensees.
05/07/2019
Criminals and kleptocrats will find it harder to launder money in U.S. if bill passes
That’s one reason the U.K.-based Tax Justice Network last year named the United States the globe’s second most financially secretive jurisdiction, behind Switzerland and ahead of the Cayman Islands.