02/25/2020
Mr Bethel said the Government’s attention, as well as that of financial services regulators and industry partners, will now turn to ensuring everything necessary is in place to produce a positive assessment by the visiting FATF team.
02/24/2020
Now that the UBO register is live in Luxembourg, it has allowed the general public and other interested parties like bankers, lawyers and notaries to see how it works in practice.
02/24/2020
The article was then published hours later, by the World Bank, he explained, also confirming this through screenshots he shared with OCCRP.
02/24/2020
The Amendment Act came into force on 30 December 2019, with some amendments effective immediately, and others coming into force on 2 January 2020 and 2 March 2020.
02/24/2020
These actions indicate a proactive and supportive approach on the part of Guernsey's government to business needs, which is welcomed.
02/24/2020
He added: “The development of a family office product is an expansion of wealth management sectors in Bermuda, thus demonstrating Bermuda’s commitment to these sectors and to the Government’s diversification mandate.
02/24/2020
Prime Minister Hon. Chastanet highlighted how crucial it was that CARICOM continues to lobby to have these issues addressed.
02/24/2020
He noted that since 2018, Cayman has adopted more than 15 legislative changes in line with the EU’s criteria.
02/24/2020
Some limited partners may also have increased concern “over the audit risk and risk of increased tax leakage if there are Cayman blockers or other Cayman corporate vehicles in fund structures”.
02/21/2020
The Net Investment Method is a concept imported from United States law and applied in that jurisdiction where the liquidating entity was implicated in the fraud.
02/21/2020
Over the past 50 years, the BMA has met the changing needs of the financial services sector on a local and global scale.
02/21/2020
The Council’s code of conduct group on business taxation monitors that jurisdictions enact the necessary reforms by the agreed deadlines.
02/20/2020
Directors agree a risk policy and risk appetite statement, which chimes with their strategy and business plan, ensuring this is communicated with all relevant employees.
02/20/2020
Following a second investigation into Louvre by the Bailiwick’s financial watchdog
02/20/2020
Banks should be able to understand the general principles of tax planning and international tax structuring in order for them to perform their services in an efficient and effective manner.
02/20/2020
Those on the blacklist face reputational damages, higher scrutiny in their financial transactions and risk losing EU funds.
02/20/2020
The two organisations aim to develop joint supervisory methods
02/20/2020
The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange
02/19/2020
On 18 February 2020, the Economic and Financial Affairs Council announced that the British Virgin Islands has moved to the ‘whitelist’, indicating that the BVI is now in line with tax governance and transparency standards prescribed by the EU.
02/19/2020
The Economic and Financial Affairs Council has announced that Bermuda has moved to the “whitelist” following efforts over the past months to implement legislative changes that comply with the EU’s tax governance principles.