05/28/2019
RISA Bahamas to host Insolvency Roundtable – Legislative Reform
This event will bring together RISA Bahamas members and other experts in order to meet, discuss and learn in the company of experienced practitioners.
Regulation, Risk & Compliance
05/28/2019
Ogier’s At a Glance Guide to BVI Wills for non-doms
BVI law distinguishes between movable or personal assets and immovable or real estate assets.
05/28/2019
11 Indians get notices in a day as Switzerland steps up process to share banking information
In April also, some such notices were issued including to one Mrs. J N V, as also to Mr. Kuldip Singh Dhingra and Anil Bhardwaj, among others.
05/28/2019
Mauritius amends country-by-country reporting rules to add penalties for noncompliance
Reasonable ground, in this case, does not include failure to carry out an act either due to insufficiency of funds or reliance upon another person, the new guidance states.
05/28/2019
India-Marshall Islands tax information exchange agreement enters into effect
This information generally relates to the determination, assessment, and collection of taxes; the recovery and enforcement of tax claims; and investigations, including prosecutions.
05/24/2019
Deadline approaches following amendments to Bermuda's funds regime
The amendments were adopted under the Economic Substance Act 2018
05/24/2019
The Final Chapter? Winding Up The Z III Trust
In the latest instalment, all parties agreed that the Z III Trust should be wound up
05/23/2019
EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions
Premier Burt and finance minister Curtis Dickinson explained to European tax officials the reasons for which there was a technical omission in its Economic Substance Regulations submission
05/23/2019
Barbados drops visa requirements for these 8 African countries
The new implementation affects countries including Cameroon, Ethiopia, Liberia, Morocco, Senegal, Rwanda, Burkina Faso and Ghana from which Barbados receives a lot of visitors and has several ties.
05/22/2019
Central Bank Partners With Industry On Finance Literacy
This event is bringing together all of the clearing banks to give Bahamian consumers as much support as possible in building and maintaining a strong financial future for themselves and their families,”
05/22/2019
Barbados Scraps Visa Requirements for Several African, Asian and Gulf States
In addition, Barbados has an honorary consul present in Monaco and visa requirements have also been lifted for that nation.
05/22/2019
Kenyans wire back Sh1trn in offshore bank accounts
Wealthy Kenyans have traditionally stashed wealth abroad to either escape the taxman’s scrutiny or to spread their risks by investing in the more politically and economically stable Western democracies.
05/22/2019
Henfield: Bahamas welcomes legitimate investments from any country
The report was circulated on social media platforms and was the topic of discussion on many radio talks shows.
05/22/2019
Update On Economic Substance Rules For Guernsey Fund Managers
Guernsey tax resident fund managers, who are licensed to carry on controlled investment business in relation to collective investment schemes under the Protection of Investors
05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
05/21/2019
Lawyers Warned Not to Help Break Law in Wake of Tax Scandals
The OECD said the report “shone a spotlight” on lawyers’ role.
05/21/2019
Antigua still optimistic about sale of Scotiabank to local investors
Last November, the Trinidad-based Republic Financial Holdings Limited (RFHL) announced that it was seeking to acquire Scotiabank operations in several Caribbean countries.
05/21/2019
Guernsey Green Finance and UK Green Finance Initiative foster collaborative approach
Guernsey Finance is a sponsor of City Week 2019
05/20/2019
International anti-money laundering experts review practices in Cyprus
Its report expected at the end of the year is of crucial importance for the image of Cyprus in relation to anti-money laundering practices applied both by the state and private firms associated with international transactions.
05/20/2019
Dirty money bill has ‘too many loopholes’
The report, which supports the passing of a bill to implement a register of overseas interests, said the bill had a string of loopholes including limited powers to punish offenders.