11/12/2015
Brazil lower house passes amnesty for unreported offshore assets
The bill passed the House by a vote of 230-213; it must still be approved by the Senate.
Regulation, Risk & Compliance
11/09/2015
Guernsey retains ‘AA+’ credit rating
Standard & Poor’s has confirmed that Guernsey’s credit rating remains at “AA+”, the highest rating the jurisdiction can achieve.
11/04/2015
Financial Services Firms Set For 25% Contraction
Andbank chief executive, Manel Martinez, said the Bahamian financial services industry needs to effectively “up its game” and differentiate itself from its competitors.
11/03/2015
Regulators liquidate Aussie firm managing 1MDB’s US$2.3 billion, says report
Australian company Avestra Asset Management, that was supposedly managing 1Malaysia Development Berhad's (1MDB) proceeds from its joint venture with PetroSaudi International, is being liquidated by Australian authorities, says a report in The Wall St
11/02/2015
The Cape Town Convention in the UK: Effective 1 November 2015
The UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
D.C. Made A Change To Its Tax Law, And Caribbean Countries Aren't Happy About It
That means that national corporations with a local presence have to pay D.C. taxes on their combined income, instead of just paying the taxes on the income of the local affiliate alone.
11/02/2015
US overtakes Caymans and Singapore as haven for assets of super-rich
But financial secrecy index report notes if UK and affiliated tax havens such as Jersey were treated as one, it would top the list
10/30/2015
CIMA battles forgers with seminar on fake cash
Representatives from the United States Secret Service will be presenting on the topics of Identity Theft/Scams and Cyber-Crime, Credit & Debit Card Fraud, and US Counterfeit Notes.
10/30/2015
CAYMAN ISLANDS: Pressure cooker
The issue of beneficial ownership continues to bubble under the lid, letting off steam every so often, but for now the lid remains on. But for how much longer?
10/30/2015
Isle Of Man to unify financial regulators
Members will serve a five-year term but to ensure a degree of continuity when the new board comes into effect
10/27/2015
Cayman Islands: Two CIMA board members not available
Mr. Panton said neither Brian Murphy nor Patricia Estwick could serve the terms
10/23/2015
States of Jersey releases policy document on regulation of virtual currencies
Jersey’s first major Fintech conference, 'Fintech Jersey' has, this morning, heard the States of Jersey's proposal to regulate virtual currency in Jersey.
10/22/2015
GFSC announces 2016 fees tariff
The proposed restructuring of fees for the fiduciary sector, as well as the other changes set out in the Commission’s consultation paper, published in August this year, will also be implemented.
10/20/2015
"Protecting Wealth: A Jurisdictional Guide" | China Edition - The British Virgin Islands
It is therefore no surprise that the BVI has the distinction of being the second largest foreign investor in Hong Kong the first being China.
10/19/2015
Turnbull Govt welcomes Labor’s support on laws targeted at MNCs tax evasion
The government also offered to consider the suggestions of the opposition in improving the scope of the legislation.
10/19/2015
Guide to Private Trust Companies In Bermuda
Over the past several years, the use of a Bermuda Private Trust Company in combination with a Purpose Trust has been increasingly attractive to many clients including clients from civil law countries
10/19/2015
Company obligations to the Channel Islands Securities Exchange Authority
What are directors of companies with listed ‘debt securities’ under Chapter 8 of the Listing Rules of the Exchange obliged to report to the Exchange
10/18/2015
Smooth Malcolm Turnbull takes Bill Shorten to the cleaners
Mr Turnbull also turned the attack back on Bill Shorten by raising claims that the Opposition Leader’s deals as a union leader had cost thousands of cleaners about $400 million in forgone wages.
10/15/2015
The Evolution Of The Depositary Function - Two Years On
By Paul Lawrence And Neil Townson
10/15/2015
Future of hedge funds
The EU fund passports are meant to simplify things for locally-based hedge fund managers and allow companies here to do business in Europe.