06/25/2019
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries.
06/25/2019
Financial institutions who have not reviewed this list should do so and ensure that they report all the relevant reportable accounts for all applicable reportable jurisdictions no later than July 31.
06/25/2019
This is the latest community partnership formed as part of Deloitte’s One Million Futures initiative.
06/25/2019
The amendment has been passed in the House of Assembly and is expected to be passed by the Senate on Wednesday 26 June.
06/25/2019
Jersey will review that report and then set a timeline for the implementation of any public beneficial ownership register.
06/25/2019
The Bahamas' "action plan" is due to be completed in time for the FATF's next conference in October
06/25/2019
Malta has established itself as a blockchain and digital currency-friendly country, and has become known as a “blockchain island.”
06/25/2019
The transition should not bring any disruption to the financial sector operating in the jurisdiction.
06/24/2019
ISLANDERS are being warned to ‘never invest in a product they don’t understand’ and be wary of cashing out or transferring their pensions, with complaints relating to the matters on the increase.
06/24/2019
Lloyds freezes 8,000 offshore Jersey accounts in dirty money push
UK lender spent three years asking clients for personal information under new rules
06/24/2019
The obligation to file AML/CFT reporting forms is a new requirement with two forms to be submitted to CIMA via the online REEFS portal by 15 August 2019.
06/24/2019
The arrangement, while non- exclusive, provides for a focused commitment by both parties to explore the expansive China market.
06/24/2019
Tria also urged POGOs not to hesitate to approach Pagcor should they need clarification.
06/24/2019
It is still hard to know how well this system is working
06/21/2019
Fraudsters impersonating island’s financial watchdog
06/21/2019
This article addresses what Cayman Islands regulatory requirements lenders in the fund finance arena should be aware of and breaks down our views as to what questions can reasonably be asked of borrowers as part of the due diligence process.
06/21/2019
The timing of the commencement of the voluntary liquidation of a Cayman Islands company was often driven primarily by the desire to avoid incurring the following year's annual government fees.
06/21/2019
P&R PRESIDENT Gavin St Pier, has sought to reassure the finance sector over a public register of beneficial ownership.
06/20/2019
The government had tried since 2005 to convince parliament to adapt Swiss law, while in 2015 the OECD said it considered Swiss attempts to tighten rules on bearer shares insufficient.
06/20/2019
Escrow agreements are ideal for this kind of transaction because a buyer might be purchasing something they’ve not seen in person or had authenticated by a trusted party they’ve been able to appoint themselves.