03/21/2017
Bermuda: Beware Regulators With Sharp Teeth: Insurance for Fines and Penalties
While the fines imposed can be severe, these are often matched or exceeded by the legal costs of contesting enforcement actions
Regulation, Risk & Compliance
03/21/2017
Cayman Islands: Revisiting Segregated Portfolio Companies and the Segregation Principle
The decisions discussed above provide confirmation that the SPC structure will be respected by the Cayman Courts
03/21/2017
Recent decision clarifies recovery of foreign lawyers fees in the BVI
What it is 'to do the work of a BVI legal practitioner' is key to the position going forward.
03/21/2017
MEPs in fact-finding trip to #US to probe into #TaxAvoidance practices
The lack of transparency when it comes to the beneficial ownership of companies is mind-boggling.
03/21/2017
Gibraltar in danger of losing Qrops status
Gibraltar must put in place a system for regulating personal pensions in just over two weeks to enable the jurisdiction’s Qrops to retain their status and continue to operate in the market.
03/21/2017
Gibraltar in danger of losing Qrops status
Gibraltar must put in place a system for regulating personal pensions in just over two weeks to enable the jurisdiction’s Qrops to retain their status and continue to operate in the market.
03/20/2017
CDB Funds Project To Prevent Loss Of Correspondent Banking Relationships
CBRs are fundamental to the efficient operation and resilience of the global financial system.
03/20/2017
Implementation of the Common Reporting Standard for Automatic Exchange of Information in Mauritius
Cim Global Business has worked closely with the Mauritius Revenue Authority regarding the implementation of CRS in Mauritius.
03/20/2017
10 biggest leaks of the past 10 years
We also spoke with security experts to get their take on some of the leaks as well.
03/20/2017
Antigua & Barbuda PM rebuffs US report
The US report noted that “the corruption allegations involve two high-level officials and two offshore banks in Antigua and Barbuda”.
03/20/2017
Bill seeks to guarantee Caymanian control of local law firms
Legal Practitioners Law approved, faces amendments
03/20/2017
London lobbies for lower taxes to stop exit of financial services companies
City wants to stop flow of business to Dublin and Luxembourg by cutting taxes and allowing for looser regulation
03/19/2017
Nordea, Handelsbanken to face no new punishment over Panama Papers scandal
Nordea and Handelsbanken were fined 50 million Swedish crowns ($5.7 million) and 35 million crowns respectively in 2015 for breaching money laundering rules.
03/19/2017
Panama: Staff Concluding Statement of the 2017 Article IV Mission
The completion of the national risk assessment in January 2017 is an important milestone to advancing further reforms
03/17/2017
Maples Group Assists MJX Asset Management on First New-Issue CLO of 2017
Maples Fiduciary in the Cayman Islands provides fiduciary services to the issuer.
03/17/2017
Cim Financial Services Limited enters into agreement for the sale of its Global Business activities to the SGG Group, a European leader in investor services
Cim Global Business management team share our growth ambitions and are equally passionate about supporting the needs of our clients.
03/17/2017
OECD announces further developments in international tax co-operation
It is also assisting its developing country members to ensure that they can also receive the benefits of the ongoing global move to automatic exchange of financial account information.
03/17/2017
Altered Regulatory Landscape makes Family Office Location Vital
Families debating whether to set up their own single family office or use the services of an existing multi family office are narrowing their search to those jurisdictions renowned for their stability and security in financial services
03/16/2017
Streamlined funds regime welcomed as enhancing Jersey’s competitiveness
The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator.
03/16/2017
JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime
The launch of Jersey’s new single private fund product will see the phasing out of all other Jersey private products although existing private funds will be able to continue to operate until the end of their natural life.