01/24/2020
The new and wider management team will continue with the GFSC's stakeholder engagement initiative both locally and internationally to ensure a positive climate for the benefit of Gibraltar's financial services industry.
01/24/2020
The European Commission (EC) published a consultation document in search of opinions on a regulatory framework for markets in cryptoassets.
01/24/2020
A private fund is prohibited from accepting capital contributions from investors in respect of investment interests until is registered by CIMA.
01/24/2020
The lawyer was hired by Browder who suspected that his Hermitage Capital was misused to facilitate the theft of $230 million of public funds through fraudulent tax refunds.
01/24/2020
Senator Ian Gorst commented: “The Government of Jersey has been working since the announcement of the UK referendum on EU membership in 2016 to ensure Jersey is fully prepared for all Brexit-related scenarios.
01/23/2020
The transitional provisions also contained provisions enabling the company to force the redemption of outstanding grandfathered bearer shares.
01/23/2020
The development comes under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs)
01/23/2020
Guernsey has always been a fantastic place to set up an EBT
01/23/2020
The Bill requires resident agents to file relevant information
01/23/2020
The City of London will use offshore finance destinations to buttress its profitability as it hits a buffer in an EU that is intent on replacing the City’s pre-eminence with European cities such as Frankfurt, Berlin and Paris.
01/23/2020
The Bailiwick’s Data Protection Commissioner, Emma Martins, notes that changing attitudes and behaviour is key to reducing data breaches and preventing harm.
01/22/2020
To keep up with competitors around the world, European companies must channel more funding into research and development. The Cayman Islands is opening up businesses’ access to capital through diverse investment options
01/22/2020
The collaboration will allow NIB&T to leverage Kroll's expertise and augment NIB&T's footprint servicing a fast-growing private banking and corporate banking global clientele.
01/22/2020
The Bill will be considered by the Cayman Islands Legislative Assembly on 30 January 2020 and, thereafter, drafted into law.
01/22/2020
These strengths are offset by the external risks to Guernsey’s economy and policymaking framework, and its lack of meaningful monetary flexibility.”
01/22/2020
Brexit will therefore have no direct impact on the Channel Islands' financial services industries.
01/21/2020
The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients.
01/21/2020
Alongside the supervisory authorities, the financial institutions of Bermuda and in particular the insurance sector, demonstrated a strong understanding of their exposures to ML/TF risks with supporting mature risk rating frameworks.
01/21/2020
Gov’t presses on to meet CFATF requirements
While Cayman insists its offshore sector is extremely well regulated, there are still vulnerabilities there and across other previously unregulated sectors.
01/21/2020
There are significant penalties for those individuals and entities failing to fulfil their responsibilities.