11/07/2019
Cyprus moves to strip 26 foreign investors of citizenship
A Cypriot passport appeals especially to wealthy, third-country nationals because holders become European Union citizens and can work and travel freely within the 28-country bloc.
Regulation, Risk & Compliance
11/07/2019
How the Netherlands Built One of the World’s Worst Tax Havens
And How to Shut It Down
11/07/2019
Distributing Funds to the UK, Europe and Beyond
Timed with the launch of Jersey Finance's New York office, our business development representatives for funds, Elliot Refson, and North America, Philip Pirecki, spoke with Hamlin Lovell from the Hedge Fund Journal about expanding into North America.
11/07/2019
Highly regulated jurisdictions attract family offices
Sally said: "There was an interesting discussion around globalisation and digitalisation, how, with less face-to-face time between trustees and beneficiaries, the relationship could be fundamentally altered.
11/07/2019
US Treasury scales back Obama rules on offshore tax deals
The Treasury Department said the regulations, implemented in the final months of Obama's administration, are no longer necessary because of the 2017 tax law enacted under president Donald Trump.
11/06/2019
Scotiabank scraps sale of Antigua and Guyana banks for now amid regulatory and political pushback
Sales completed in seven other Caribbean markets
11/06/2019
Jersey Chief Minister to speak at IoD Lunch
The lunch will take place at the Grand Hotel on 21 November.
11/06/2019
Grant Thornton acquires Price Bailey
All five Price Bailey staff will join Grant Thornton and, as a result of the acquisition, some of the back-office work currently done by Price Bailey in the UK will now be carried out in Guernsey by Grant Thornton.
11/05/2019
International Insolvency and Restructuring Seminar to be held in The Bahamas next month
The Board of Directors of RISA Bahamas wishes to extend thanks to the sponsors and are delighted for this opportunity to showcase The Bahamas’ insolvency and restructuring sector as well as the island of New Providence to international delegates.
11/05/2019
OECD warns low-tax jurisdictions about meeting economic substance requirements
The substance requirement demands entities have substantial business activity locally; for example, in terms of staffed offices and management decisions made on the jurisdiction.
11/04/2019
Bahamas closer to aircraft registry
The government has signed an agreement with Aviation Registry Group to develop The Bahamas’ registry.
11/04/2019
GFSC updates financial crime Handbook
Together with links to a tracked version reflecting the changes made to the version issued in June 2019.
11/01/2019
Gambling Commission CEO: Malta operators must improve compliance standards
A further 14 were the subject of enforcement investigations, while seven operators have paid £18m ($23.2m) in penalty packages and five have surrendered their licenses.
11/01/2019
CIMA strikes off unfit directors
CIMA is also responsible for regulating insurance firms and it issued a notice this month about three firms that failed to satisfy the its termination requirements.
11/01/2019
CySEC adopts FATF’s Guidance on Terrorist Financing Risk Assessment
The Guidance provides best-practice approaches, relevant information sources and practical examples for regulated entities to consider when assessing terrorist financing risk on a country-by-country basis.
11/01/2019
Conyers advises PagSeguro
Partner Richard Fear and Counsel Cora Miller of Conyers’ Cayman office advised on this matter working with US Counsel Paul Hastings and Brazilian Counsel Mattos Filho, Veifa Filho, Marrey Jr e Quiroga Advogados.
11/01/2019
Guernsey continues China captive market development
“Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/31/2019
British Columbia issues new company ownership rules to tackle money laundering
The government claims hidden ownership can be used to avoid taxes and launder money - two issues under public scrutiny in the province.
10/31/2019
Guernsey ODPA registration exemptions extended
The ODPA is an independent regulator and as such must be financially independent.
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.