10/23/2017
IoM extends Code of Practice consultation period
The statement extending the deadline for the consultation period
Regulation, Risk & Compliance
10/22/2017
Guernsey waives promoter licences for over 100 territories
The regulations are in force from today.
10/22/2017
Tax, regulatory benefits for asset manager, Malta funds
The MFSA remains the sole regulator of financial services in Malta.
10/20/2017
‘Panama Papers investigation shows maladministration and breach of EU law’
This committee’s work has shown that there is much more work to be done
10/19/2017
Isle of Man sets up specialist unit to combat cyber attacks
OCSIA will concentrate on identifying cyber security risks and developing strategies to guard against such threats on an island-wide, cross government and industry basis.
10/19/2017
Bahamas Has ‘Ways To Go’ On Gov’T Board Governance
Contacts have expressed a strong belief that many of the corruption and other scandals relating to government agencies over the years could have been avoided if these factors were in place.
10/16/2017
ICIC Resolution On Transparency & Outsourcing
ICIC Resolution On Transparency & Outsourcing
10/16/2017
State Bank of Mauritius Launches Lending Pilot With Blockchain Startup
We are keen to explore providing banking services to this innovative company.
10/16/2017
Vijay Mallya firms had deals with company named in Panama Papers
This was maneuvered by non-disclosure of material facts.
10/16/2017
Imf's 'Well-Managed' Financial Contraction Findings Premature
The International Monetary Fund, in a paper accompanying its full Article IV report on the Bahamas, suggested that the financial services sector’s economic impact had “remained broadly stable” despite a 65 per cent contraction in bank an
10/13/2017
Riddle Of The Disappearing QROPS List
On October 10, a new list was released by HMRC without explanation.
10/11/2017
Meltdown
Professionals in the industry are now calling on the government to address these matters with a sense of urgency as the employment of thousands of Bahamians is at stake.
10/10/2017
Buy Your Citizenship With Bitcoin
The arrangement particularly benefits wealthy people from the most «troubled» countries, such as in Eastern Europe or Asia and Latin America.
10/10/2017
StanChart under probe: Abuse of financial system won't be tolerated, says MAS
Authority makes stance clear as it probes StanChart's $1.9b Guernsey to S'pore transfer
10/10/2017
Private Bankers Seeking Break From Swiss Crisis-Era Rules
Regulator plans to relax rules for small Swiss banks
10/06/2017
Regulators probe Standard Chartered over 1.4 bln dollar transfer - source
Under the rules countries will agree to automatically share annual reports about accounts belonging to people subject to taxes in each member nation.
10/06/2017
European Union ‘blacklist’ decision due in December
If the EU uses a transparent and objective evaluation process to determine its blacklist.
10/06/2017
Iceland PM sold bank assets hours before financial crash, leaks show
Exclusive: Bjarni Benediktsson, current Iceland leader, sold millions of króna of Glitnir assets before state took control in 2008
10/06/2017
UK Residential Properties 1 April 2017 valuations
The effect of this valuation requirement is that from 1 April 2018, in some cases, a UK residential property may shift to the higher (or possibly lower) ATED band, leading to an increased (or decreased) ATED charge.
10/06/2017
Artex assists British Airways in pension longevity transaction
The selection of the insurance manager was another key decision