10/06/2019
QC Corner: James Ramsden QC
The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.
Regulation, Risk & Compliance
10/04/2019
ECB’s top supervisor urges Malta to strictly monitor banks amid rising crypto industry
Malta has also faced criticism from the International Monetary Fund (IMF) and recently failed an international AML evaluation.
10/04/2019
Guernsey investment funds ‘more competitively placed than others’
Other panellists at the event agreed that achieving substance has become an increasingly important issue in jurisdictional choice for general and limited partners and that Guernsey was now more strongly positioned in the market.
10/04/2019
EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland
EU blacklist to shrink to nine, including three U.S. territories
10/02/2019
Green finance: Mauritius Financial Services Commission signs Marrakech Pledge
The signing ceremony took place in early September in conjunction with the 18th summit of the Francophone Institute of Financial Regulators hosted by the FSC in Mauritius.
10/02/2019
Vatican's secretariat of state searched in financial probe
They were believed to be the first at the secretariat of state, which co-ordinates the activities of the Holy See, functions as the seat of governance of the universal Catholic Church and oversees diplomatic relations with more than 180 nations.
10/02/2019
KRA can’t trace Sh800bn wired from offshore banks
About 3,403 applicants took advantage of the three-year amnesty window to repatriate the billions tax-free in a period when they were not required to declare the source of their wealth or even account for previous years’ tax arrears.
10/02/2019
Money Talks: Scores of US Expats Giving Up Passports for this Reason
FATCA reporting is a complex issue, and involves specific financial institutions having to report details of financial accounts held by US persons
10/02/2019
ECB's Enria urges Malta to tighten checks on banks
Last year, the ECB shut down Malta-based international lender Pilatus Bank after its chairman was charged in the United States over money laundering and fraud
10/02/2019
Finance Industry Helping to Drive Jersey’s Economic Growth
The ‘Measuring Jersey’s Economy’ report, published by Statistics Jersey, outlines changes in the size and performance of Jersey’s economy as a whole in 2018
10/01/2019
Cayman to make names of directors available for inspection
Each search will cost $50 and will only reveal the names of a company's directors but no further personal details.
10/01/2019
Claim Brexit is about concealing offshore accounts is baseless
Broadly, the new directive is intended to prevent corporate tax avoidance practices, and has been planned since 2015.
10/01/2019
Cayman Islands Data Protection Law
The DPL imposes obligations on data controllers and provides and rights protections to identified- or identifiable living individuals (''data subjects'') in relation to the processing of their Personal Data.
10/01/2019
US$1.367b lost in Jho Low-linked switcheroo: How fake company escaped 1MDB ex-CEO’s eyes
The money allegedly made its way to Datuk Seri Najib Razak eventually.
10/01/2019
Ravenscroft continues to ‘grow and thrive’
RAVENSCROFT has continued to thrive in the first half of 2019, according to its group managing director.
09/30/2019
EY joins Guernsey Employment Trust Charter
EY lead a number of initiatives globally to increase disability confidence within businesses and their network.
09/27/2019
Philippines Closes First Gambling Operator for Tax Evasion
Company found without VAT registration and in breach of country’s tax code
09/26/2019
UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities
This was based on the fact that companies may not know whether or not they constitute legal entities for the purposes of the ROE Bill.
09/26/2019
Guyana Central Bank blocks sale of Scotiabank
He said the decision to block the Scotia-Republic deal followed analyses done by the Central Bank and the Caribbean Competiton Commission.
09/26/2019
GDPR: A Success Story?
Fuelled by the additional resources that were required to comply with the changes the new regime brought, many organisations viewed GDPR as burdensome.