11/17/2015
ASIC forces Formax to remove false statements on retail forex subsidiary ACMAS’s license suspension
Formax is controlled by Chinese investors, is based in the Cayman Islands, and has forex brokerage subsidiaries in New Zealand and the UK, where Formax recently received an FCA license.
11/16/2015
Standard Chartered to pay $6.3 million in Swiss program deal
The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.
11/16/2015
CICRA has the power to approve the transaction, impose the transaction while imposing condition or it can block the transaction outright.
11/16/2015
Overall, the project seeks to establish an integrated insurance and pension market in the ECCU that would lead to the creation a more efficient and better regulated insurance and pension market.
11/12/2015
The bill passed the House by a vote of 230-213; it must still be approved by the Senate.
11/09/2015
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
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 UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
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
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
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
Members will serve a five-year term but to ensure a degree of continuity when the new board comes into effect
10/27/2015
Mr. Panton said neither Brian Murphy nor Patricia Estwick could serve the terms
10/23/2015
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
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
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
The government also offered to consider the suggestions of the opposition in improving the scope of the legislation.
10/19/2015
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