08/23/2017
Cayman Maintains Its Strong Global Tax Cooperation Rating
Also receiving largely compliant ratings were Australia, Bermuda, Canada, Germany and Qatar, while Ireland, Mauritius and Norway were rated as compliant
Regulation, Risk & Compliance
08/22/2017
Global Forum releases second round of compliance ratings on tax transparency for 10 jurisdictions
The Global Forum’s new peer review process combines the Phase 1 and Phase 2 elements into a single undertaking.
08/22/2017
No Passport Sales Here: Grenada Denies Money Exchanged for Citizenship
The report claimed that when the Henley and Partners did not provide the passport.
08/22/2017
Island passes crucial Global Forum test
The Global Forum was restructured in September 2009 in response to the G20 call to strengthen implementation of these standards.
08/21/2017
Nigeria signs both the Multilateral BEPS Convention and the CRS Multilateral Competent Authority Agreement to tackle international tax avoidance and evasion
Nigeria becomes the 71st jurisdiction to sign the MLI and the 94th jurisdiction to join the CRS MCAA.
08/21/2017
UK to limit right to transfer pensions but will include Qrops
Many highlighted,however, the need to ensure legitimate transfers were not blocked unnecessarily.
08/18/2017
BVI Extends CRS Reporting Deadline
The Cayman Islands reporting deadline for Cayman Reporting FI's remains at 31 August, 2017.
08/18/2017
JFSC warning following £450k cyber fraud attempt
The fraudulent emails also include legitimate signatures to make them appear more authentic.
08/18/2017
Luxembourg publishes new BEPS-compliant draft of IP regime
If approved, the new rules would be applicable as from fiscal year 2018.
08/17/2017
Blacklisted tax havens could face four types of sanctions
The document also stated that sanctions imposed by EU member countries should be “appropriate in the context of their national tax legislation.
08/16/2017
‘Ganbei Guernsey’ will mark first year in Hong Kong
The three panellists will present real-life case studies of how Guernsey provided a solution for their business or clients.
08/16/2017
FinReg Summer Update 2017 - Jersey
The introduction of the JFSC's new policy on outsourcing will have also required some attention.
08/16/2017
New guidelines from Channel Islands Competition & Regulatory Authorities
CICRA is now actively encouraging all applicants to meet with CICRA to discuss the transaction before submitting a draft application for review.
08/16/2017
Swiss Firm Settles Charges It Helped Americans Evade Taxes
This investigation is being overseen by the Office’s Complex Frauds and Cybercrime Unit.
08/15/2017
Mauritius and Switzerland sign Foreign Office Consultation Mechanism
In her address, the Secretary for Foreign Affairs highlighted that both Switzerland and Mauritius share friendly and warm ties
08/15/2017
The Bahamas offers Associate in Captive Insurance scholarships
Recipients should be interested in the captive sector and intend to work in or assist the industry.
08/11/2017
IoM to go ahead with proposed closed-ended scheme, exempt manager reg changes
There are also ‘grandfathering’ provisions in relation to existing companies that are not looking to raise further capital from investors.
08/11/2017
Channel Islands' competition regulator issues new merger control guidance - Ogier
The new guidelines also include a number of changes to the process for making the merger application
08/11/2017
Tax transparency: today and tomorrow
One of the biggest global initiatives addressing tax evasion has been the Action Plan on Base Erosion and Profit Shifting (BEPS), launched by the OECD in 2013.
08/10/2017
SEC secures $800 million settlement with alleged overseas stock manipulator
Overseas Stock Manipulator Settles SEC Charges