09/21/2020
HSBC exposed in $80m Hong Kong Ponzi scandal
The bank was forced to pay a record $1.9 billion in December 2012 to settle the allegations that it had knowingly allowed for the transactions to go ahead.
09/21/2020
The revelations underscore challenges for regulatory and financial institutions trying to stop the flow of dirty money despite billions of dollars of investments and penalties imposed on banks in the past decade.
09/21/2020
Five global banks appeared most often in the documents — HSBC Holdings Plc, JPMorgan Chase & Co, Deutsche Bank AG, Standard Chartered Plc and Bank of New York Mellon Corp, the ICIJ reported.
09/20/2020
Bahamas Chapter – Enforcement of Foreign Judgements (2021)
This team of litigators offered expert analysis of the key issues relating to the enforcement of foreign judgments in The Bahamas for the Getting The Deal Through series which highlights jurisdictions worldwide.
09/20/2020
Constitutional changes: UK withdraws Section 81 removal
Premier: 'I'm very disappointed'
09/20/2020
Cayman secures $330.4 million in emergency line of credit
The government is paying $1.96 million to establish the line of credit in place, regardless of whether it accesses it or not.
09/20/2020
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
Amendments to new token issuances prevent DLT providers from utilizing internally generated token reserves as part of its regulatory capital requirements.
09/18/2020
Jamaican Banks Easing Account Opening Restrictions
Due to the need to satisfy local and international regulations, local banks couldn’t facilitate these people who had a desire to join the formal system but lacked the full documentation.
09/18/2020
This guide therefore examines the key Cayman Islands aspects of the creation by a Company of security over its foreign assets under a foreign law.
09/18/2020
The Bahamas Central Bank to Launch Its Digital Currency, the Sand Dollar, Next Month
The Sand Dollar transfers will be made using a mobile-based wallet app on users' phones which will be much easier since more than 90% of the citizens use a mobile phone.
09/18/2020
Third Point Re will own a minority stake in the newly-formed company.
09/18/2020
Cayman Islands law allows a security document to be governed by foreign law and gives the parties the freedom to choose any law they consider appropriate to govern it.
09/17/2020
VP Bank selects AxiomSL for risk and regulatory reporting
Selecting AxiomSL will enhance the value of our investment in regulatory technology, optimize efficiency, and deliver business insights
09/16/2020
The capabilities of the member and collaborating firms of Andersen Global and the organization’s global reach better equip us to seamlessly serve our clients both in St. Kitts and around the world.
09/16/2020
Rachel Graham, Corporate Partner in Harneys London office, advised Vieco 10 Limited as to matters of BVI law.
09/16/2020
This innovative transaction was structured to be bankruptcy remote with a robust covenant structure representing a hybrid between a securitisation and a corporate debt issuance.
09/16/2020
“We apologize for any inconvenience caused by our closure due to Hurricane Paulette and thank all our customers for their continued business and understanding.”
09/16/2020
Jad joined as a partner in Ogier's Luxembourg-based banking and finance team in August, having moved from New York for the role.
09/15/2020
The following relevant legislation is posted and reproduced with the consent of the States of Guernsey.
09/15/2020
New Regulations have been made (10 September 2020) bringing self-managed funds within scope of Guernsey's economic substance requirements.