07/30/2018
What Is The Common Reporting Standard For Expats?
The information is passed to the customer’s home tax authority to check against filings to make sure the right of tax.
Regulation, Risk & Compliance
07/30/2018
Move afoot in UK to force offshore firms to reveal owners of properties
The owners’ names will appear on a corporate registry, making it easier for law enforcement to seize assets linked to criminals or bought through “dirty money”.
07/30/2018
Sanne Staff Achieve Strong Exam Result
This year marks SANNE’s 30th anniversary.
07/30/2018
Jersey launches AML/CFT consultation
Implementation of the 2012 FATF Recommendations on Anti-Money Laundering and Countering the Financing of Terrorism – proposed revisions to Jersey’s AML/CFT legal framework
07/27/2018
Bermuda’s innovative insurer sandbox
Matthew Carr, Legally Speaking
07/27/2018
Panton expecting busy time at helm of CIMA
I’m looking forward to building on the foundation already established at CIMA
07/26/2018
Draft Registration of Overseas Entities Bill
We're seeking views on this draft bill which proposes the introduction of a register of the beneficial owners of overseas legal entities that own land in the UK
07/26/2018
Caribbean Financial Action Task Force gives Antigua-Barbuda one of the best regional reports
The Financial Intelligence Unit was commended for the accessibility of financial intelligence and other information that it analyzed and generated.
07/25/2018
New ILS structure to combine fund, insurance element
He noted that this model removed the challenges of frequently operating in different jurisdictions, regulation, time zones, accounting rules, audit, and extra layers of administration costs.
07/24/2018
OECD Global Forum rates Guernsey transparency
Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.
07/24/2018
Funds and insurance collide in the development of single ILS structures
A panel debate at ILS Insight also heard about increasing investors demands for transparency.
07/24/2018
OECD updates criteria for blacklisting non-transparent financial centres
In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.
07/24/2018
Barbados working to implement CSME-related decisions
Prime Minister Mottley and officials also examined the Ensuing Work Programme for Barbados
07/23/2018
London Court of International Arbitration's joint venture with Mauritian Government terminated
The LCIA-MIAC was designed to help the Mauritian Government establish Mauritius as an international arbitration hub for the African region with the LCIA’s support.
07/23/2018
U.S. Censures UBS Over Its Anti-Money Laundering Systems
All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.
07/23/2018
Guernsey submits 'hard Brexit' paper to UK
The GDPR maintains the need for robust protections to be in place when personal data is transferred outside the EU a
07/22/2018
Finma finds Rothschild Bank in 'serious breach' of AML rules
FINMA will appoint an audit agent to review enhancements already put in place by the institutions.
07/19/2018
The Compliance Complexity Index 2018 - TMF
At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.
07/18/2018
Bank of Asia to host official BVI launch
The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.
07/17/2018
CI ministers in Brussels for Brexit talks
The meetings, organised by the Channel Islands Brussels Office, gave the ministers an opportunity to discuss a range of issues, with a focus on Brexit and the ongoing EU Code of Conduct assessment process.