02/13/2020
Their report outlined numerous case studies of international cooperation with other countries in investigations ranging from terrorism to money laundering and organised crime.
02/13/2020
The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development.
02/13/2020
Real estate is broadly known to be used by money launderers as a stable investment which can appreciate over time, and is normally subject to more limited scrutiny
02/13/2020
“If we consider the extent of cross-border cooperation that has been in place for decades, plus the recent legislation on economic substance, as well as beneficial ownership, it is hard to conclude that we belong on such a list.”
02/12/2020
The ES Act requires a legal entity (a company or a limited partnership) that conducts relevant activities, as defined under section 6 of the ES Act, during a financial period 1 to comply with the economic substance requirements in relation to that activit
02/12/2020
Under the program, a minimum 2 million euro ($2.18 million) investment can get a passport and instant visa-free travel throughout the European Union, of which Cyprus is a member.
02/12/2020
Where a company is carrying on a regulated activity, the consent of the regulators in both jurisdictions is typically required, and whilst this adds time to the overall migration process it is by no means a barrier to the migration occurring.
02/11/2020
It helps make sure preventative measures are robust, and businesses' risk assessments are complete.
02/11/2020
Walkers will continue our work with the Cayman Islands government, the Cayman Islands Monetary Authority and other key local professionals, and will provide updated summaries and client advisories as matters progress.
02/11/2020
The Act requires business companies that are resident in Barbados for tax purposes and which conduct certain types of activity to have adequate substance in the jurisdiction.
02/11/2020
The proposed amendments to the Mutual Funds Law (2020 Revision) have now been passed into law.
02/11/2020
In this instance, the intention of the registers has been partially described on the European Commission's website as: "Enhancing transparency by setting up publicly available registers for companies, trusts and other legal arrangements."
02/11/2020
The new requirements in Barbados are contained in the Business Companies (Economic Substance) Act, 2018.
02/11/2020
These revelations will be of great interest to the ILS community in Bermuda as they clearly illustrate some of the barriers to growth that still exist in this market—and what needs to happen for these to be overcome.
02/10/2020
Changes to the AMLRs and the AML/CFT Guidance Notes to implement observations made by the CFATF in its Mutual Evaluation Report of the Cayman Islands.
02/10/2020
It is our client's second win in the Privy Council in this litigation and our briefing on it is vital reading for those interested in the offshore funds industry
02/10/2020
A profit is taxable as a short-term gain if a position has been held for a year or less, as long-term if held for more than a year.
02/07/2020
“The amendments also expand the provisions for sharing information with other regulators and adjusts the transitional period for the investment funds act 2019 to facilitate adjustments being proposed in the amendment bill itself.”
02/07/2020
Only business line not to make a profit in 2019
02/07/2020
The Registrar of Companies in Mauritius has issued a practice direction relating to the disclosure of beneficial ownership by companies and any other entities such as partnerships and foundations.