09/28/2017
Secure The Future By Lowering Money Laundering Risks
The Bahamas is moving into a much more regulated environment.
Regulation, Risk & Compliance
09/25/2017
Gibraltar Jumps on Regulatory Bandwagon
Tokens vary widely in design and purpose.
09/20/2017
Status of Cayman beneficial ownership platform unclear
In BVI, companies threatened with penalties
09/20/2017
Consultation underway on new code for large yachts
It should also allow room for further flexibility and innovation in the design and construction of yachts.
09/20/2017
Guernsey regulator warns client risk is ‘ignored’ by advisers
The Guernsey Financial Services Commission has warned that investment risk is still incorrectly explained or ignored altogether by financial advisers.
09/14/2017
Law firms face new exposure to tax evasion charges as Criminal Finances Act nears implementation
Partners warn firms will have to ramp up their due diligence efforts ahead of new legislation coming into force at the end of the month
09/13/2017
Poor advice record keeping surprises Guernsey regulator
Regulators in Guernsey have called on the island’s investment and insurance intermediaries to sharpen up following a thematic review that found room for improvement in the advice process.
09/13/2017
Belize regulator IFSC warns against offshore Retail FX broker Real Markets Live
Real Markets Ltd/RealMarketsLive is therefore directed to cease and desist from engaging in the said unlicensed activities forthwith.
09/07/2017
Malta watchdog orders trust firm to halt business
The firm has also been directed to report regularly to the MFSA on the progress being made on the transfer.
09/07/2017
Responsibilities of Insurance Managers in the Cayman Islands
The SOG states that Insurance Managers should diligently manage the business of Client Insurers
09/07/2017
Practical FATCA and CRS compliance for family trust structures
The overarching goal of FATCA and CRS is for a taxpayer's country of tax residence to collect information from other countries on the taxpayer's financial assets located in those other countries.
09/05/2017
IoM issues corporate governance consultation for island insurers
The first “Roadmap” for updating the island’s insurance industry framework was published in 2013, and it has been updated at least annually ever since.
09/04/2017
SPLC transferring millions to offshore tax havens: Report
Civil rights group criticized for fat bank account, offshore dealings
08/31/2017
Australia ramps up strategy to hit aggressive int’l tax plans
It also revealed over A$948m in liabilities had so far been issued as a result of its efforts to date.
08/31/2017
Problems of the yacht industry in France raise concern
This market for luxury boats, ranging from rental to maintenance and bunkering, may be on the brink of sinking.
08/30/2017
India: Protocol For Amendment Of Indo-Mauritius Double Taxation Avoidance Treaty
The Ministry of Finance, Government of India, has issued a Press Note dated May 10, 2016 that marks a turning point in India's venture with tax avoidance.
08/30/2017
Luxembourg regulators urged to increase supervision of fund industry
Luxembourg's investment fund industry is the world's second largest by assets under management
08/29/2017
Isle of Man eyes post-Brexit future with Commonwealth move
The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth
08/28/2017
Black money: Swiss parl panel to discuss auto sharing of banking info with India and others
The Federal Council adopted a resolution on June 15 regarding introduction of AEOIs with 41 jurisdictions including India.
08/25/2017
Jersey issues statement on exchange and protection of personal data
As the UK considers its own options for maintaining the free flow of data between the UK and EU, it is vital for Jersey to ensure it is aligned with both parties and avoid the creation of barriers to the transfer of data.