08/09/2017
SEBI bans trading on 331 'shell' cos
The government has been taking on shell companies suspecting irregular transactions after a ban on high-value currency bills late last year
Regulation, Risk & Compliance
08/07/2017
Eco Fund liquidator replaced in blow to Isle of Man regulator
An Isle of Man judge has ruled that the liquidator appointed to the collapsed Eco Resources Fund should be replaced despite objections from the island’s Financial Services Authority.
08/07/2017
Swiss cite India's strong data security laws for auto-sharing banking info
The fact sheet and the notification, published in German, also talks about Switzerland looking to explore greater access to Indian market
08/04/2017
Ipes-backed ID Register reaches first year anniversary
The Guernsey Financial Services Commission has updated its guidance to encourage firms to improve the cost effectiveness of Client Due Diligence
08/03/2017
New beneficial ownership regime takes effect
The agreement modernises the way in which the BVI competent authorities may gain access to beneficial ownership information of BVI companies.
08/02/2017
Cayman Islands: Data protection law set for 2019 start
Mr. Liebaers said he hopes the legal changes will be viewed as generally positive
07/31/2017
Brexit pushes Guernsey FSC into licence fee rise
Mason has presided over a number of cost-cutting exercises that have allowed GFSC to keep its increases at 2%.
07/28/2017
Global business advisory firm launches specialist director support services in Cayman
We can offer investors the option of using a specialist director and managing the situation out of court.
07/28/2017
Bermuda's Sophisticated International Transparency And Regulatory Environment
Discerning fund managers and investors are increasingly seeking a sophisticated jurisdiction which offers balanced regulation
07/26/2017
Wealth managers must prepare for the age of transparency
The European economy is approaching a cliff edge, but it’s nothing to do with Brexit.
07/25/2017
Jersey establishes Brexit Review Panel
The Chairman, Deputy John Le Fondré, commented: “It is important that a panel with such a significant responsibility has been formed.
07/24/2017
ECCB To Publish Fees And Charges For Commercial Banks
The ECCB will commence publication of a financial stability report annually.
07/24/2017
The International Stock Exchange: MAR, Brexit and listings trends
The absence of MAR compliance is not to say that the regulatory standards of the exchange present a soft option.
07/21/2017
OECD releases further guidance for tax administrations
The complete set of guidance related to CbC reporting issued so far is presented in the document released today.
07/20/2017
Channel Islands at ‘turning point’ for data protection
We are at a turning point for data protection with it taking on a truly global significance.
07/17/2017
Shell companies are bad for Hong Kong’s market reputation, SFC chairman says
SFC Chairman Carlson Tong says Hong Kong is well served by a network of friendships underpinning the regulatory institutions.
07/13/2017
Isle of Man regulator steps up anti-money laundering crackdown
The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.
07/12/2017
CRS remains the hot topic for Chinese private client sector
“Guernsey has always been at the forefront of adopting and implementing international legislation, and CRS is no exception,” said Miss Clouston.
07/10/2017
Latvian bank fined heavily over laundering scheme in France
It was part of its business strategy in France
07/10/2017
ILS will continue to drive risk financing efficiency
The event, hosted by Guernsey Finance – the promotional agency for the island’s finance industry internationally – was attended by 90 delegates from across the insurance, asset management and adviser communities.