10/25/2018
ODPC issues advice after data breach increase
The ODPC says the increase is likely to be because organisations are becoming more aware of their legal obligation to report breaches.
Regulation, Risk & Compliance
10/24/2018
OECD and CIAT join forces in promoting stronger tax systems
The event brought together more than 40 tax administration Commissioners, Director Generals and senior officials from CIAT and CREDAF member countries.
10/24/2018
Jersey substance proposals – the fund managers' perspective
The Guidance Notes are expected to confirm that some, but not all, CIGAs must be carried on in Jersey. Consideration will need to be given to ensuring sufficient CIGAs are carried on in Jersey to avoid a letter-box entity characterisation.
10/24/2018
Jersey lodges Sanctions and Asset-Freezing Law
This would ensure that the island can continue to meet its international obligations to counter terrorist financing and to implement UN sanctions.
10/22/2018
Weakness Found In MOF Audit
The audit prepared by U.S.-based business advisory firm, FTI Consulting, also revealed that at the time the lease was executed, Atillio had no business history or evident qualifications as a real estate broker or leasing agent.
10/21/2018
Swiss banking secrecy rule dealt setback in month to forget
Swiss tax authorities announced they’d shared details on 2mn accounts with other countries for the first time as part of rules on information exchanges introduced last year.
10/19/2018
Carey Olsen and Vistra advise on first Guernsey Green Fund
Carey Olsen partner Ben Morgan led the team advising on the Guernsey Green Fund designation and was assisted by senior associate James Cooke.
10/19/2018
Q&A - Reform brings Luxembourg Securities Law to the blockchain age
Luxembourg has opted to embrace and adapt to these technological developments.
10/18/2018
Maples Fiduciary extends Middle East offering to Abu Dhabi Global Market
The extension of our offering to ADGM further enhances our geographic footprint and ability to service clients doing business locally and in multiple jurisdictions.
10/18/2018
Appleby Mauritius advises Azure Power Global Limited for its public offering of up to USD 200 million
Azure Power’s equity shares are listed on the New York Stock Exchange under the symbol "AZRE”.
10/18/2018
Appleby Advises Shandong Gold Mining Co. on HKD 5.2 Billion Listing
As of March this year, the group controlled and operated 12 mines in China
10/18/2018
Bermuda strengthens regulatory regime for AML/ATF regulated financial institutions
Appleby has an experienced, multi-disciplinary regulatory team which includes expert compliance professionals, as well as a team of lawyers across our Corporate, Private Client & Trusts and Dispute Resolution practice groups.
10/18/2018
The Asset Management Review - Bermuda Update
The formation of companies and partnerships is subject to the approval of the Registrar of Companies
10/17/2018
BVI to take ‘Goldilocks’ approach for regulating crypto assets
Crypto assets have dominated investor and manager interest over the last couple of years as more awareness of the potential of blockchain technology builds.
10/17/2018
ECB moves to revoke license of Malta's Pilatus Bank: sources
The ECB’s supervisory board has already agreed to withdraw the bank’s license, one ECB official told Reuters, but the decision will be finalised only after some legal issues are resolved.
10/17/2018
BVI hires second attorney to stay off EU’s blacklist
In other words, proof that an offshore company is paying taxes in the BVI because it largely does its work and earns its profits in/from the BVI.
10/16/2018
Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions
These reports assess jurisdictions against the updated standard which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force Recommendations.
10/12/2018
The new ‘McMafia’ law will go some way to tackling corruption, but Brexit plans could make it even worse
You want money laundering? You got it.
10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.