07/29/2015
Sosnowski Offshore Fund Filing. Walter F Sosnowski III Submitted Jul 28 D Form
The Cayman Islands-based Sosnowski Offshore Fund, Ltd. filed D Form for $2.69 million offering.
Regulation, Risk & Compliance
07/27/2015
More transparency over UK prime property ownership needed to prevent fraud, campaigners say
Plans to create a public registry of the real owners of UK companies should be extended to make it clear who is behind the companies that own high-value London properties, Global Witness has said.
07/27/2015
Government intervenes in Western Union closure
They have all been closed along long branches throughout the Bahamas and Turks and Caicos Islands.
07/24/2015
Russian billionaire wins ruling to freeze art dealer's Hong Kong assets alleging he pocketed US$1b in secret profits
Russian tycoon accuses Swiss art agent of pocketing US$1b secret profits
07/23/2015
Maldives to allow foreigners to own land
The new law would allow foreigners who invest more than US$1 billion to own land in perpetuity, provided 70 per cent of it is reclaimed from the Indian Ocean.
07/22/2015
Strategy paper positions Guernsey's fintech sector
The paper looks to position Guernsey so that it is well placed to take advantage of opportunities in the current digital age.
07/21/2015
Van Eyk asset hunt: investors take legal action in Cayman Islands
The hunt for assets belonging to failed funds management empire Van Eyk has moved to tax haven the Cayman Islands.
07/21/2015
Bermuda positions to meet EU fund regime standards
Collaborative approach prepares legislation in readiness for AIFMD recommendations
07/21/2015
Western Union counters close in Cayman
Western Union counters in the Cayman Islands closed without warning Friday after Fidelity Bank’s board of directors decided one day earlier to end the service
07/17/2015
When is a UK AIF a Jersey AIF? Jersey makes the position clearer
Where is has a Jersey general partner acting as its Jersey AIFM.
07/16/2015
Overseas advisers offered access to support on DB transfers
QROPS provider Sovereign has teamed up with Alexander Beard to give overseas advisers access to the FCA-regulated advice now required for transfers out of defined benefit schemes.
07/15/2015
BAHAMAS: ‘Strong Bank Interest’ Sparks Hope $150m Issue Fully Subscribed
It was still a relatively small component of the market
07/15/2015
Optional EU regulatory regime sought for Cayman funds
The passport would allow Cayman funds to be marketed to professional investors across the EU
07/14/2015
HarbourVest Senior Loans Europe Limited - Statement re Second Interim Liquidation Distribution
Second interim distribution announcement
07/13/2015
Cayman Finance Welcomes New Opt-In AIFMD Regime
Permitting extension of the passport to the Cayman Islands would be of significant benefit to EU investors
07/12/2015
“Bermuda Has Completed Another Milestone”
Kading noted in the EIOPA equivalence consultation [completed in early 2015] that supportive letters from key EU stakeholders were filed in support of the Bermuda application for full equivalence.
07/10/2015
Jersey to seek views on virtual currency regulation
The approaches adopted by other jurisdictions and the views of leading organisations have also been taken into account.
07/06/2015
Entries Invited for the ICSA Jersey Awards 2015
Sponsored by Sator Regulatory Consulting, ICSA Software, ICSA Boardroom Apps, and BPP Professional Education, the ICSA Jersey Awards will be judged by a panel of professional qualified experts and will recognise the work of individuals and teams.
07/06/2015
Disclosures to enjoy immunity under FEMA: Black Money FAQs
The government will give immunity from prosecution under FEMA
07/03/2015
Jeffrey Webber's Cayman Insurance Shelter Nixed By Tax Court
Jeffrey Webber is a venture-capital investor and private-equity fund manager.