09/21/2016
Bahamas Urged: ‘Avoid’ Eu Blacklisting Threat
Bahamas was urged to “avoid” being placed on a European Union ‘blacklist’, after this nation received two ‘red flag warning’ scores
Regulation, Risk & Compliance
09/21/2016
Attempt to regulate nonprofits a ‘disaster,’ MLA says
Legislation that would require any charitable organization taking in more than $250,000 per year to register with the government will be a “disaster,” local residents were told during a public meeting in East End district Monday night.
09/21/2016
Channel Islands Securities Exchange looks to take advantage of Brexit
The Channel Islands Securities Exchange is hoping to take advantage of the UK's decision to leave the European Union.
09/19/2016
Bitcoin Exchange, Caricoin, Trying To Enter Jamaica
In the UK, according to the Financial Conduct Authority, the regulatory sandbox aims to create a 'safe space'
09/19/2016
New company linked to Macri family in Panama Papers documents
No other firm was named on those documents, which requested payments for lawyers and even correspondence asking for permits for the two firms to be handled simultaneously.
09/16/2016
Jersey growth fund paves way for Brexit, digital and data protection initiatives
The second allocation, £324,000, will enable Jersey to respond to the introduction in 2018 of the EU’s General Data Protection Regulation.
09/15/2016
Guernsey regulator signs MoU with Abu Dhabi counterpart
Zoë Cousens, Guernsey Finance’s Middle East representative, who was present at the signing ceremony along with Chief Executive Dominic Wheatley, said the MoU would aid her work in the region.
09/14/2016
Cayman Islands: Proposed Bills Are Intended To Strengthen Cayman's Financial Services Industry
The Bills are the Monetary Authority Amendment Bill, 2016; the Non-Profit Organisations Bill, 2016; the Auditors Oversight Amendment Bill, 2016; and the Companies Management Amendment Bill, 2016
09/13/2016
Ministry brings key bills ahead of task force review
Officials also said the draft bills, which will be debated when parliament meets in October, also provide greater clarity about the type of businesses that have a responsibility to adhere to the international standards.
09/12/2016
Curaçao Central Bank reports on ‘uneven developments’ in monetary union
Curaçao registered zero inflation, and St. Maarten recorded deflation resulting in an average drop of 0.9 per cent in consumer prices during the January-March period of 2016.
09/12/2016
European infrastructure would benefit from a Guernsey AIFMD passport
Given Guernsey is already a third country, its attractiveness as a jurisdiction would increase due to the stability and security its unchanged status affords.
09/08/2016
Customer Due Diligence in the Post-Panama Papers Era
KYC procedures are often viewed as a check-the-box activity
09/05/2016
Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms
The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.
09/02/2016
Italy places Cayman on ‘whitelist’
The Cayman Islands continue to make positive strides as a reputable international financial centre as it co-operatively develops legislation for the AIFMD compliant regime to market into Europe beyond the national private placement regimes.
09/02/2016
Limited role for Dutch Central Bank on islands
The prudential supervision is limited to the good governance, integrity and management at these branches in the Caribbean Netherlands.
09/01/2016
CISE updates listing rules for investment business
The other main change in the listing rules includes the adoption of a principles and guidance based approach
08/31/2016
BAHAMAS: Bob Non-Compliant With 80% Of Regulatory Ratios
The former figure is also well below the 9.6 per cent minimum set by the Central Bank.
08/31/2016
Ireland as a Base for High Net Worth Individuals - Maples & Calder
It is also the world's leading jurisdiction for aircraft finance and leasing.
08/24/2016
European Commission recognises quality of Jersey’s auditor oversight regime
The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.
08/24/2016
Barbados budget penalises banks, but encourages compliance
As part of this plan, several tax measures were announced in the budget statement.