08/30/2017
Luxembourg regulators urged to increase supervision of fund industry
Luxembourg's investment fund industry is the world's second largest by assets under management
Regulation, Risk & Compliance
08/29/2017
Isle of Man eyes post-Brexit future with Commonwealth move
The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth
08/28/2017
Black money: Swiss parl panel to discuss auto sharing of banking info with India and others
The Federal Council adopted a resolution on June 15 regarding introduction of AEOIs with 41 jurisdictions including India.
08/25/2017
Jersey issues statement on exchange and protection of personal data
As the UK considers its own options for maintaining the free flow of data between the UK and EU, it is vital for Jersey to ensure it is aligned with both parties and avoid the creation of barriers to the transfer of data.
08/24/2017
Appleby Hong Kong advises on issue of USD 300m Notes for Swire Pacific MTN Financing
The Appleby team was led by Partner, Nicholas Davies, working alongside Slaughter & May
08/24/2017
Wealth managers risk fines over offshore asset warning letters
If you have money or other assets abroad, you could owe tax in the UK
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
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.