04/30/2018
Dolfin Awarded Custody And Depositary Licence In Malta
Malta’s financial services sector is experiencing a strong period of growth. It currently contributes just over 12 per cent of Malta’s GDP.
Regulation, Risk & Compliance
04/30/2018
Lead shareholders remain hidden despite transparency rules
Corporate register shows 13% of companies fail to name ‘persons of significant control’
04/30/2018
Dolfin awarded custody and depositary licence in Malta
The main beneficiaries are expected to be Malta-based collective investment schemes and trusts or other wealth structures that need a local custodian or depositary.
04/30/2018
Guernsey sets sights on promoting global connections
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/29/2018
UK searches for compromise over offshore ownership registers
Ministers try to broker deal to avoid defeat in parliament
04/29/2018
Vatican law seeks to keep charities, donations clean
Going forward, the current leadership has proposed changes that would eliminate a three-person board of auditors.
04/29/2018
Cayman Islands Monetary Authority Issues a Statement on Virtual Currencies
ICOs are often unregulated and involve new technologies and products that are highly technical and complex.
04/27/2018
UK Branch of Pilatus Bank Closed Down
The Daphne Project revealed that more than 50 companies owned by the ruling elite of Azerbaijan moved millions of euros using Pilatus Bank.
04/27/2018
Dpm Pledges 'Most Stringent Controls' On Ownership Registry
Financial services is based on confidentiality, a concept that the Bahamas previously exploited to the max.
04/26/2018
New Zealand rated 'compliant' in OECD tax transparency review
New Zealand is due to receive the first batch from relevant jurisdictions in September this year.
04/26/2018
British MPs called for disclosing Russians with money in offshores
A group of British parliamentarians demanded the adoption of a bill that would force to disclose the names of businessmen that keep money in the British Virgin Islands and the Cayman Islands, The Times imparts. Up to now, these offshore companies have b
04/25/2018
Cayman regulator issues ICO statement focused on investor protection
Ogier's Digital, Blockchain and Fintech group expects CIMA to release guidance on anti-money laundering concerns related to virtual currencies in the near future and will provide further updates accordingly.
04/25/2018
Guernsey leads with world first green investment fund product
It will be open to all types of new and existing funds, authorised, registered, Guernsey Private Investment Funds, open-ended and closed-ended, with different levels of certification available.
04/25/2018
CIMA cautions investors over virtual currencies
As a result, investors can lose some or all of the money they invest, CIMA noted.
04/24/2018
Comparing GDPR and PIPA – is there a difference?
The latest addition to the data protection legislative canon is the European Union’s (EU) General Data Protection Regulation (GDPR) which is due to come into effect from 25 May 2018.
04/24/2018
Mourant Ozannes achieves Privy Council success for Investec Trust (Guernsey)
The Privy Council also decided an important point of public international law and dismissed a number of other appeals.
04/23/2018
Jersey ‘third easiest jurisdiction’ in world for finance compliance
Despite local complaints about red tape, Jersey has just been named the third easiest jurisdiction in the world as far as financial and tax compliance is concerned.
04/22/2018
FirstCaribbean Bank Drops New York Listing
FCIB is one of the largest listed financial services institutions in the English and Dutch-speaking Caribbean.
04/20/2018
When it's time to come back onshore
Under Article 8 of the European Convention for the Protection of Human Rights, "everyone has the right to respect for his private and family life"
04/19/2018
Cayman Islands Investment Funds AML Update: Natural persons must be appointed as AML officers
This represents a substantial change in practice and comes after discussions between CIMA and the Cayman Islands funds industry to clarify some parts of the updated AML guidance notes1 published by CIMA in December 2017.