08/15/2019
Cayman Islands Introduces Data Protection Law
The Cayman Islands' Data Protection Law is currently due to come into force on 30 September 2019.
Regulation, Risk & Compliance
08/15/2019
Programmable money open for business
The concept of money is suggested to have been developed over thousands of years.
08/15/2019
NCA freezes £100m suspected to be from corruption overseas
Court orders cover eight bank accounts linked to individual who has already had £20m frozen
08/15/2019
Cayman Data Protection Law, 2017
The DPL will apply to any data controller that is established in the Cayman Islands
08/14/2019
Luxembourg pushes DAC6 legislation forward by laying out mandatory disclosure guidelines for tax harmful cross-border arrangements
DAC6 concerns all EU member states and must be enacted by 31st December 2019
08/14/2019
CIMA Publishes Regulatory Policy on Licensing Requirements for Class C Insurance Companies
The Regulatory Policy will be applied by CIMA in addition to the relevant provisions of the Insurance Law, 2010
08/14/2019
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
08/13/2019
$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)
The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*
08/13/2019
Accountant fined, banned for four years for rules breach
From 2012 to 2016 he incorporated 12 Guernsey-registered companies, but he used the licensee registration of his employer, including online log-in details, in order to carry out those activities.
08/13/2019
The Central Bank of Ireland Highlights Liquidity Management Obligations
This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.
08/13/2019
Aon advises HSBC Bermuda on longevity swap
A multi-disciplinary team from Aon helped with the establishment and licensing of the new captive solution
08/12/2019
Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar
This publication sets out the proposed amendments to UK legislation related to financial services passporting rights between the UK and Gibraltar, to be laid under the EU (Withdrawal) Act.
08/11/2019
Estera Launches Economic Substance Solutions
The portal and guide will be used by Estera clients to help establish how their entities are impacted by the new economic substance regulations.
08/11/2019
HSBC backs programme for single mothers
Ten women will take part in a pilot Transformational Support Services programme focused on education, life skills and employability training next month.
08/09/2019
Globex and Antiguan Government Sign MOU to Launch Government-Bank Backed Digital Securities Marketplace
Goal to Make Antigua the Global Digital Securities Powerhouse with a Dollarized Exchange and Fiat Banking
08/09/2019
Law firm register established
Registering all lawyers is just one of many developments in the offshore sector
08/08/2019
ABN Amro flags possible money laundering fines in latest blow to shares
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
BVI amends Beneficial Ownership Secure Search system to avoid blacklist
In January, the BOSSs Act was amended to work alongside the Economic Substance Companies and Limited Partnership (Amendment) Act of 2018.
08/06/2019
Chief Justice Of The Cayman Islands Confirms And Expands Upon The 'Standard Directions' In Section 238 Proceedings
Ogier represented a group of dissenters comprising over 82% of the total dissenters by number of shares
08/06/2019
Firm Foundations by Joe Moynihan
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.