02/02/2016
Serbia: Belgrade Mayor Connected to Another Offshore Company
This is the fourth company in the British Virgin Islands that KRIK journalists found is connected to Mali.
02/02/2016
Central Bank Governor, Glenford Ysaguiire spoke of the country’s position on te money laundering issue.
02/01/2016
No political will to get to bottom of 1MDB crisis
More specifically, it was related to the US$4 billion RM16.6 billion suspected misappropriations by 1MDB and possible violations of Swiss law.
02/01/2016
Cayman law could increase the number of governance committees
The change in Cayman law also has implications for funds as they work through the requirements of the Volcker Rule.
01/29/2016
A new piece of work to clarify the finance industry’s contribution to the local Jersey economy will be completed too.
01/27/2016
"At Conifer we've seen growth over the last 12 months in both those segments".
01/27/2016
Colin MacKay (pictured) is Group Director, Elian Fund Services. In his view, this evolution is, in part, why attempts to codify the duties and responsibilities of those charged with oversight could be counterproductive.
01/26/2016
The IRS updated its list of foreign banks where accounts trigger a 50% rather than 27.5% penalty in the IRS’s long-running Offshore Voluntary Disclosure Program.
01/26/2016
The Commission stated that with regard to the advice on granting the AIFMD passport to managers and funds established in third countries, it agrees that the country-by-country approach adopted by ESMA is correct.
01/25/2016
Malta also boasts an excellent reputation, having developed an effective business infrastructure over the past 15 years and positioning itself as an international business hub.
01/24/2016
The UK is publishing its first register of beneficial company ownership this year.
01/22/2016
Associate Hugh Anderson discusses the latest M&A activity involving Cayman Islands entities licensed and regulated by the Cayman Islands Monetary Authority.
01/21/2016
The U.S. Securities and Exchange Commission said Ocwen misstated its profits in parts of 2013 and 2014 by using asset values provided by a Cayman Islands firm that Erbey also ran, rather than an independent company, as it had stated.
01/19/2016
He knocked the Financial Services Minister for agreeing to the proposal which will see all tax information related to UK residents automatically exchanged with UK authorities.
01/19/2016
Residents of Brazil with undeclared offshore assets can now voluntarily declare and regularise their tax affairs without facing criminal prosecution and only face a one-off charge and penalty.
01/18/2016
Cayman has taken the blueprint from Delaware for the introduction of its new Limited Liability Company legislation.
01/15/2016
Appleby Sponsoring RCA's Regulation, Operations and Compliance Bermuda Symposium
Additionally, CCOs from Top 100 hedge funds and private equity firms will provide exclusive insights regarding current or ongoing SEC examinations, NFA audits and other regulatory inspections.
01/13/2016
This topic was chosen as it represents a key responsibility of trustees and is also a common theme in complaints notified to the Fiduciary Supervision Policy and Innovations Division (“the Division”).
01/13/2016
The number of Class A insurance companies, which are licensed to offer insurance products in the domestic market, increased from 28 to 31 during 2015.
01/13/2016
Further to our previous updates regarding changes to the legislation of the British Virgin Islands, the relevant anticipated legislation has now been published.