10/31/2019
Guernsey ODPA registration exemptions extended
The ODPA is an independent regulator and as such must be financially independent.
Regulation, Risk & Compliance
10/31/2019
New Year brings new fees for annual return and registry services
The JFSC is writing to Jersey registered businesses and trust companies to advise them of the new fee changes, which will come into effect on 1 January 2020.
10/30/2019
Kingston Properties Aims For $2 Billion From Rights Issue
If Kingston Properties raises the $2 billion, the amount would represent more than three times its previous rights issue back in 2015.
10/30/2019
Subscription-secured financings in Cayman: enforcement vs perfection
Specialised advice should be obtained for other types of vehicles.
10/29/2019
4 Potential Structuring Options for BVI Acquisitions
With onshore M&A procedures often cumbersome and time consuming, the British Virgin Islands continue to offer a range of flexible yet familiar structuring options to facilitate takeover transactions.
10/29/2019
Money laundering risk building up in private banks, Luxembourg regulator warns
Their deposits went up by 4% last year, or €32 billion, figures from the bankers’ association ABBL show.
10/29/2019
BVI Issues Final Economic Substance Rules
The standard requires that for certain highly mobile sectors of business activity, the core income generating activities must be conducted with qualified employees and operating expenditure in the jurisdiction.
10/29/2019
Collas Crill Explains...Continuing A Company Out of Jersey CRILL EXPLAINS...CONTINUING A COMPANY OUT OF JERSEY
Just like a person, a company can change its nationality.
10/28/2019
Ex-Formula One boss Bernie Ecclestone, 88, is set to settle his record £1BILLION tax demand with HMRC after a 20-year battle
Trust set up by his wife is believed to have raised £3billion from selling F1 stakes
10/28/2019
Bahamas to Introduce their own Fiat Digital Currency to Solve Post Disaster Economic Issues
The central bank aims to regulate the currency fully by bringing in policies to prevent money laundering, terror financing, and other illicit activities.
10/28/2019
MPs call for end to freeze on State pension for half a million expats living outside of Europe
Pension payments to British expats living in Europe will rise in line with inflation
10/28/2019
Cayman ‘Economic Substance’ Crackdown Impacting HK Hedge Funds
In short, the new ES legislation will impact on the fund industry in Hong Kong to the extent any offshore entities are utilised.
10/28/2019
Bermuda Tables Incorporated Segrated Accounts Companies Act 2019
Under the SAC Act, the statutory divisions between accounts do not create separate bodies corporate.
10/28/2019
Bahamas Development Bank taking more proactive approach to address non-performing loans
The bank has been a bit lethargic in terms of fulfilling its obligation to collect on those funds.
10/27/2019
FCA new webpage on Cryptoassets: AML/CTF regime
The MLRs apply to businesses in a range of sectors at risk of facilitating money laundering or terrorist financing
10/25/2019
Central Bank exploring ‘early introduction’ of digital currency on Abaco post-Dorian
The digital currency roll-is a key element in the Central Bank’s drive to modernize The Bahamas’ payment system, move consumers away from reliance on cash to electronic payments, and improve access to financial services – especially in r
10/25/2019
World Bank to open office in Maldives
With the opening of the office, World Bank's operations will be carried out in Maldives.
10/25/2019
Barbados agrees climate resilient restructuring deal
The external creditor committee (which together holds more than half of Barbados’s dollar debt) and the government have announced an agreement to exchange bonds maturing between 2019 and 2035 for one new bond maturing in October 2029.
10/24/2019
Davies offers regulatory advisory services to captives in Bermuda
Davies has partnerships with more than 500 insurance, highly regulated and global businesses from its operating bases in the UK, Bermuda, Ireland, the US and Canada.
10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.