08/08/2019
The results are a side issue here”, KBC Securities analyst Jason Kalamboussis said, highlighting potential money laundering fines and further fallout from the investigations.
08/07/2019
In January, the BOSSs Act was amended to work alongside the Economic Substance Companies and Limited Partnership (Amendment) Act of 2018.
08/06/2019
Ogier represented a group of dissenters comprising over 82% of the total dissenters by number of shares
08/06/2019
There’s no doubt that the Jersey Foundation has been a clear success, receiving a strong take-up over the past decade as an asset holding vehicle for people and corporate bodies.
08/06/2019
Financial crime, citizenship sale have the US worried
08/06/2019
Had around 100 US clients with almost $200m in assets at its peak, with most of the accounts being in the names of nominee entities.
08/06/2019
A number of challenges may arise under the new reporting obligations and determining whether there is a reportable cross border arrangement raises complex technical and procedural issues for taxpayers and intermediaries.
08/06/2019
And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.
08/06/2019
The case confirms that the courts of Bermuda have the power to validate the actions of invalidly appointed trustees.
08/06/2019
Some legal commentary has suggested that such a scheme is novel or landmark.
08/05/2019
The EU’s definition of economic substance has to do with financial services companies setting up physical and appropriately-staffed office spaces in the territory.
08/02/2019
The authorities are fully committed to implementing the recommendations of the action plan agreed with the FATF and aim to be out of this list as soon as it is possible.
08/01/2019
Migrations into Guernsey are typically straightforward, subject to requirements of the jurisdiction being exited and consent of the Guernsey Financial Services Commission (for funds or regulated entities) and once shareholder approval has been obtained
08/01/2019
The central bank governor has continually commented on the high liquidity in the banking sector that is a product of banks' conservative lending practices.
08/01/2019
The names of the winners will be announced at the ICSA Jersey Annual Dinner, Awards & Graduation Ceremony on Friday
08/01/2019
The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.
08/01/2019
“If the company fails to comply with the directions, then the Commission can institute proceedings against the business before a tribunal or in the court,” added Fahie, who noted that decisions by the Commission can be appealed.
08/01/2019
The Privy Council had to consider each of these legislative provisions in addition to the 1870 Bankruptcy Act as well as numerous cases decided prior to the change of the legislative landscape in England.
07/31/2019
The jurisdiction must now demonstrate both establishment of legislative framework and effectiveness of such framework, Premier Alden McLaughlin stated earlier in the session.
07/31/2019
Commodity Murabaha contacts are commonly used in order to facilitate a Shariah-compliant loan or indebtedness between two parties, this is sometimes referred to as Tawarruq.