11/19/2019
Cayman Islands Data Protection Law
Within the concept of Personal Data, there is a subset of sensitive personal data which qualifies for an additional level of protection under the DPL
Regulation, Risk & Compliance
11/19/2019
Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million
Wyly wants to be known for building the arts-and-crafts chain Michael’s and several other companies, which first catapulted him onto Forbes’ list of the richest Americans in 2000, with a net worth of $750 million.
11/19/2019
Hacktivists target Cayman National Bank in Isle of Man
The bank is now working with relevant regulators and law enforcement around the world
11/18/2019
Private debt fund growth continues
The authorities are also facilitating in ways that promote and ease access to this type of financing
11/18/2019
Jersey cited as best practice example on Beneficial Ownership
The use of Jersey examples demonstrates the significant success we have achieved in developing our approach towards beneficial ownership transparency
11/17/2019
Cayman Economic Substance shifts towards implementation of new rules
The ES Law is by no means isolated, and many countries around the globe are seeking to incorporate and support international standards on global base erosion and profit shifting (BEPS) and corresponding EU substance requirements.
11/15/2019
Appleby advises China Automation Group
The privatisation was approved at the meeting of independent shareholders on September 23, 2019 with the Scheme becoming effective on October 24, 2019.
11/15/2019
OECD lays down roadmap for India to make bilateral taxation efficient
Indian tax administration would need to strengthen the teams overseeing MAP/APA cases by providing additional resources.
11/15/2019
Debt restructuring ‘must be coupled with economic growth’
Senator Crystal Drakes made the call as the Upper Chamber debated the bill to approve the debt restructuring deal with the foreign holders of Government debt.
11/15/2019
Minister blasts blacklisting agencies
The Organization for Economic Cooperation and Development has led the blacklisting of Barbados and other Caribbean jurisdictions over their tax regimes.
11/14/2019
Dirty Money on the Big Screen: Why Media Portrayals of Money Laundering Matter
Greater media attention on money laundering can even drive changes in behaviours of everyone from the public to those tasked with tackling it.
11/14/2019
Jersey cited in guide on best practice for Beneficial Ownership registers
The report acknowledges that countries find it challenging to achieve satisfactory levels of transparency on the beneficial ownership of companies.
11/13/2019
The BVI International Tax Authority Has Issued The BVI's Economic Substance ‘Rules And Explanatory Notes' Supplementing The Economic Substance Act, 2018
The Act introduces compliance obligations and economic substance requirements for any legal entity that carries on a business that constitutes a "relevant activity".
11/13/2019
Guernsey: Guernsey Investment Structures
So why do so many promoters, investment managers and investors choose Guernsey?
11/13/2019
September Quarter 2019 Investment Statistics
Over the past year, total net asset values increased by £6.1 billion
11/11/2019
Scarred by Malta, Latvia and Cyprus, bigger EU states push for money laundering supervisor
The need for an EU supervisor emerged after repeated failures by national watchdogs at spotting and countering money laundering, the statement said.
11/11/2019
Director of Compliance Association says more Action Needed in Tackling Money Laundering
The organisation comprises compliance associations in Antigua, the Bahamas, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands, Curacao, Trinidad, and Turks and Caicos.
11/11/2019
Illegal offshore gambling websites targeting Australians to be blocked by Federal Government
That means they don't have consumer safeguards in place, it also means they're not paying any tax and they're not contributing towards, for example, the cost of regulating the racing industry in Australia."
11/11/2019
EU states push for money laundering supervisor after scandals
The six countries said the new supervisor could be a new body or an existing watchdog, the European Banking Authority, which would need to be beefed up.
11/08/2019
STEP Journal Supplement, Bermuda Conference
The theme of opportunities for international financial centres amidst geopolitical uncertainty are also explored at this year’s STEP Bermuda conference .