04/12/2019
Amendments to Trusts Law passed
The amendments extend the definition of a trust corporation with regard to STAR trusts to all trusts for the purpose of discharging a retiring trustee.
Regulation, Risk & Compliance
04/12/2019
Government tweaks Monetary Authority Law definitions
The approved bill rectifies this by including a reference to Section 145 of the Proceeds of Crime Law in the definition of money laundering regulations in the Monetary Authority Law.
04/12/2019
End ‘Anxiety’ Over Policy Over-Reliance
We have to get to a point in our country where we stop relying on or developing policy, and put those policies into law and codify them.
04/12/2019
Asset manager fined R350 000 for promoting unapproved funds
According to the maket conduct regulator, 36ONE had co-operated in the enforcement process.
04/12/2019
Cayman amends regulator's definition of money laundering
The existing definition only referenced Section 201 of the Proceeds of Crime Law but not Section 145
04/11/2019
Hull City loses fight with taxman over Geovanni payments
Club bosses challenged the decision but a specialist judge has dismissed their appeal.
04/11/2019
China Rising in the Caribbean
The Chinese military is already in the Caribbean, in Cuba.
04/11/2019
Public contract concerns
Yet, even though the abuse at the mental health hospital has now been confirmed by the National Audit Office, no heads have rolled, either at departmental or ministerial level.
04/10/2019
Registration of vessels in the BVI
This means that the VISR can register any vessel that does not exceed 3000 gross tons.
04/10/2019
Citi Appointed Depositary Bank for Ruhnn Holding Limited’s Sponsored ADR Program
As a single-listed ADR program, the underlying Class A ordinary shares are not listed or publicly traded in Ruhnns home market.
04/10/2019
Bahamas Economic Model ‘Upside Down’
The Bahamas’ own nationals in comparison to overseas developers who enjoy access to greater and more numerous tax breaks and other concessions.
04/08/2019
Income tax evaders beware; govt to keep tabs on your social media profiles
As a part of the project, data mining and Big Data analytics will be used to catch tax evaders by accessing the information on their Facebook and Instagram accounts to identify mismatches between spending patterns and income declaration.
04/08/2019
New European Investment Fund Policy Offers Welcome Clarity for Jersey’s Funds Industry
The EIF, which is part of the EIB Group, aims to foster innovation and entrepreneurship in Europe by supporting small and medium-sized businesses and helping them to access finance.
04/08/2019
Jacob Rees-Mogg defends islands’ position
THE UK’s Parliament should not try to legislate for the Channel Islands and impose a public register of beneficial ownership on them, Tory MP Jacob Rees-Mogg has said.
04/08/2019
Rights Of Residence Safeguarded For UK Citizens Residing In Luxembourg
In accordance with the Withdrawal Agreement, UK citizens will remain EU citizens until the end of the transition period.
04/08/2019
JFSC proposes fee changes for registry services
The JFSC last increased registry fees in 2017 and, prior to that, charges had not been increased for 13 years.
04/08/2019
Rights Bahamas Granted Hearing at Global Forum
The human rights group explained that the request, filed in conjunction with Washington D.C based Robert F. Kennedy Human Rights Organization, called for an examination of the treatment of migrants in the country.
04/08/2019
It's tax time! These are the top 'Dirty Dozen' IRS scams of the year
The agency reports as of June 2018 nearly 250 people in Ohio lost almost a million dollars total because of IRS impersonation scams.
04/08/2019
Businesses test prototype of govt’s new online work permit system, good reviews
Among those with good reviews was Operations Manager of TICO Wine & Spirit Merchants, Phil Aspinall.
04/05/2019
Exclusive Jurisdiction Clauses – Are They Really Exclusive?
The Court of Appeal was of the opinion that the allegations of fraud and wilful misconduct did indeed fall within the exception