02/11/2020

Fundamental snag with new EU money-laundering rules

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

Buyers bemoan ILS need for models

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

The Offshore Litigator's Perspective

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

Guide To Cryptocurrency Tax Rules

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

Amendments to Investment Funds Act passed

“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

A four year strategic focus for the JFSC

As well as focusing on financial crime, over the next four years the JFSC will prioritise developing its approach to supervising businesses and strengthening its own organisational resilience.

02/06/2020

CSSF launches annual online AML/CFT survey

The survey has to be initiated and submitted within the eDesk by a member of the management of the supervised entity (preferably the AML/CFT compliance officer), while the completion might be entrusted to another employee of the entity, without prejudice