05/25/2018
Cayman Islands bids to alter constitution after UK ‘overreaches’
This amendment will force British Overseas Territories to introduce public registers that disclose who owns the assets in companies registered in each jurisdiction.
Regulation, Risk & Compliance
05/25/2018
Premier vows to challenge UK if ownership registry is mandated
"Cayman's best course of action is to challenge any decision of the UK Government by order in council to amend local legislation … which will render the issue to our courts here,” he said.
05/24/2018
Malta: Brexit And Relocation
The uncertainty ushered in by this event is unprecedented and has seen many businesses scramble to re-evaluate their positioning within Great Britain and its ramifications.
05/23/2018
Isle of Man set for boost from Code of Conduct: Pickering
“Established for over 30 years the Life sector is a vital part of the Island’s economy and over 17% of GDP,” he said.
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
05/21/2018
Le Hérissier: ‘Expect more pressure from UK on transparency’
UK proposals to impose a transparent company register upon Jersey that were blocked at the eleventh hour have only been ‘delayed’, a local constitutional expert has warned.
05/18/2018
Looming Deadlines in the Cayman Islands: Are you in compliance?
Unless exempted as out of scope, all Cayman Islands companies and LLCs must have in place their beneficial ownership register by 30 June 2018.
05/18/2018
JFSC issues cyber attacks warning
If you believe your firm has been compromised, you must contact your JFSC supervision team immediately and report this to the States of Jersey Police.
05/18/2018
Six steps to fend off ‘failure to prevent’ tax evasion charges
A law firm outlines how financial advice firms can protect themselves from the criminal offence of failing to prevent tax evasion.
05/18/2018
SEC Charges Owner of Alternative Investment Firm
The SEC’s complaint alleges that between 2014 and 2017, Brent Borland sold more than $21 million of promissory notes to dozens of investors
05/17/2018
Banks given 15 days to share foreigners’ data with FBR under OECD obligations
FBR has already issued a list of 456 reporting financial institutions under common reporting standards for automatic exchange of information under the Organisation of Economic Cooperation and Development (OECD) convention.
05/17/2018
Testing the Validity of Pre-Incorporation Contracts in The Bahamas - Higgs and Johnson
In a straightforward scenario, this is done by ascertaining which of the title holders first recorded his conveyance as, pursuant to section 10 of the Registration of Records Act, priority is determined by the order in which instruments are recorded.
05/16/2018
Requirement to correct rules not just for the super-rich
“The new rules are certainly not just the concern of the super-rich or corporates,” said Hender
05/16/2018
IMF Executive Board Concludes 2018 Article IV Consultation with The Bahamas
The government successfully placed an external bond for US$750 million in November 2017.
05/16/2018
European data protection law to affect Cayman businesses
The GDPR applies to any organizations that either offer goods and services to EU citizens or who monitor their behavior, such as tracking an individual’s internet activity to generate a profile of personal preferences.
05/16/2018
Cayman’s offshore rivals target crypto market
This will create a unique auditing framework to regulate blockchain investment operations, such as ICOs.
05/16/2018
GDPR - priorities for Jersey and Guernsey funds and service providers
The GDPR builds on existing legislation and seeks to harmonise and enhance data protection and privacy laws across the EU.
05/16/2018
Financial Crime Governance, Risk and Compliance – Smaller Firms in the Trust and Corporate Service Provider Sector
The Commission undertook a similar review of fund administrators in 2016 and wished to assess the differences and similarities in approach to governance, risk and compliance frameworks.
05/16/2018
GFSC releases 2017 Annual Report
My association with Guernsey now extends to over 25 Years and over that period my experience has been mainly good
05/09/2018
Zedra acquires Malta-based fiduciary firm
Quaestum is an independent fiduciary services firm employing a select team of industry professionals with a vast experience in different areas of consultancy and financial services.