11/09/2016
Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts
Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.
Regulation, Risk & Compliance
11/09/2016
Taxation: Council agrees criteria for the screening of third country jurisdictions
The Council's code of conduct group for business taxation will conduct and oversee the screening process, supported by the Council's secretariat.
11/08/2016
Interview: Mauritius’ bank chair says Seychelles branch should be operational by March 2017
SBM was granted its license in March following a banking request made in October 2015.
11/08/2016
Labuan IBFC to refocus on niches for growth
The midshore centre will embark on a new journey to “further refine the midshore concept
11/08/2016
BCSC discontinues proceedings against former investment advisers who still face SEC scrutiny
The BCSC alleged the case involved stock transactions worth more than $46 million.
11/04/2016
Malta mulls setting cap on project size, investment amount in equity crowdfunding
The regulator did not disclose any specific figures.
11/03/2016
Bahamas to improve skills-based training programs with IDB assistance
The unemployment rate for youths ages 15-24 is twice as high, at 30 percent, having doubled since 2001.
11/03/2016
BERMUDA: Uncertain times for investors and economies
The asset management industry potentially faced more disruption if policies were to change.
11/02/2016
US Billionaire Settles With Cayman Islands Over Reef Damage
The agreement would help preserve the reefs and ecosystem for future generations
11/02/2016
Unions for RBC workers join forces
A federation of trade unions representing RBC Royal Bank employees across the region has been formed
11/02/2016
Higher fees and new rules for registering company info
As a leading international finance centre, Jersey commits to comply with international standards and global initiatives
11/01/2016
PM calls for new approach to policing in Trinidad and Tobago
He told supporters while there would be “no quick fix” it was important nonetheless for the local police force to be guided by a Commissioner.
11/01/2016
Clarus Risk acquires Laven Partners' private equity risk practice
This allows us to concentrate our efforts on promoting our technological solutions designed to streamline compliance and operational processes.
11/01/2016
BDO Jersey joins forces with Greenlight CI and Sator Regulatory Consulting
Greenlight CI is a change management consultancy business that has, since 2008, provided Channel Island clients with a range of services related to assessing their current situation
10/31/2016
The Cook Islands become the 106th jurisdiction to join the most powerful international instrument against offshore tax evasion and avoidance
The Convention, together with the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information, which the Cook Islands signed in October 2015, will enable the Cook Islands to fulfil their commitment to begin the first
10/31/2016
Fosun acquisition opens up new markets for Luxembourg private bank
Chinese investment in Europe is in the spotlight at the moment.
10/31/2016
China to start tracking non-resident assets held in country
China plans to introduce OECD approved Common Reporting Standards September 2018
10/31/2016
Jurisdictions join global fight against tax evasion and avoidance
Panama’s reluctance to implement certain global initiatives toward fiscal transparency has finally ended after it united.
10/31/2016
The Billionaire Art Dealer Accused Of Tax Evasion Goes To Trial
This case is a rare look at the complicated financial agreements used by some wealthy art collectors to shield themselves from taxes.
10/31/2016
Significant New Enforcement Powers for CIMA
Significant New Enforcement Powers for the Cayman Islands Monetary Authority