06/28/2019
In 2016, it was discovered that large sums had been misappropriated through fraudulent actions under the control of one of the credit advisors in which it had invested (and which had purportedly been audited).
06/28/2019
The project will also include an office building, restaurant and multi-storey car park, due to complete in December 2021.
06/28/2019
Specifically, the statutory provisions are intended to avoid the imposition of foreign laws and claims arising out of forced heirship and matrimonial proceedings pursuant to such laws.
06/28/2019
The SCB is now empowered to waive any automatic administrative penalty, in whole or in part, where it considers that it would not be contrary to the public interest to do so.
06/28/2019
An unregistered UAS brought into The Bahamas will be retained by the Bahamas Customs Department until registration is obtained.
06/28/2019
The Commission also acknowledges the helpful recommendations contained within the report where, going forwards, Guernsey can further enhance its compliance with international standards.
06/28/2019
The proposed policy update follows the recommendations of the Financial Action Task Force, a global anti-money laundering watchdog.
06/28/2019
The trades exploited an interpretation of the tax code that appeared, at the time, to let multiple people claim ownership of the same shares of stock and—crucially—the right to a refund of taxes withheld from dividends.
06/28/2019
The ED, official sources said, made the request to the Swiss authorities sometime back and sent an official request under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
06/28/2019
The impacts of MiFID II could be worse than previously expected according to new research.
06/27/2019
A non-resident entity means an entity which is resident for tax purposes in a jurisdiction outside Bermuda that is not in Annex 1 to the EU list of non-cooperative jurisdictions for tax purposes (the so-called 'black list').
06/27/2019
The Economic Substance Amendment Act 2019 was tabled and passed by MPs last Friday and senators followed suit yesterday.
06/26/2019
Curtis Dickinson, Bermuda’s minister of finance, told the House that this “puts Bermuda at a serious commercial disadvantage relative to all of our competitors.”
06/25/2019
The data will be centralised in a ‘UBO register.
06/25/2019
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries.
06/25/2019
Financial institutions who have not reviewed this list should do so and ensure that they report all the relevant reportable accounts for all applicable reportable jurisdictions no later than July 31.
06/25/2019
This is the latest community partnership formed as part of Deloitte’s One Million Futures initiative.
06/25/2019
The amendment has been passed in the House of Assembly and is expected to be passed by the Senate on Wednesday 26 June.
06/25/2019
Jersey will review that report and then set a timeline for the implementation of any public beneficial ownership register.
06/25/2019
The Bahamas' "action plan" is due to be completed in time for the FATF's next conference in October