06/04/2015
Jersey introduces sex discrimination law
The States of Jersey has introduced legislation that outlaws discrimination against anyone based on their gender
Regulation, Risk & Compliance
06/04/2015
Gibraltar QROPS operator accountability set to rise
Gibraltar QROPS operators could see their responsibilities as a trustee extend to include the due diligence of overseas financial advisers
06/03/2015
Bermuda banking sector changes underway
Bermuda’s government is looking to restructure its banking industry as it seeks to make the jurisdiction even more attractive to the international re/insurance industry and also help improve the island’s unemployment rates.
06/03/2015
Two More Private Banks Reach Resolutions Under Justice Department's Swiss Bank Program
“The days of safely hiding behind shell corporations and numbered bank accounts are over,” said Acting Assistant Attorney General Caroline D. Ciraolo of the Department of Justice’s Tax Division.
06/01/2015
Bermuda Makes Key Changes to Partnership Laws
The vast majority of partnerships on the registry are private
06/01/2015
How Corrupt Is Britain? Massively
Some of the attendant issues are familiar enough — police practices that include infiltration, entrapment, manufacturing evidence, killing unarmed men, ignoring evidence of child abuse and evidence of high-level corruption, revealed with worrying re
05/29/2015
Two of Britain's largest banks caught up in FIFA corruption scandal
Two of Britain's largest banks have been named in the corruption crisis engulfing world football
05/28/2015
Liquidators of failed Cayman Islands-based hedge funds sue Barclays
Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.
05/28/2015
Basler Kantonalbank says to pay 38.6 million euros in German tax probe
Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.
05/28/2015
Four Banks Reach Resolutions Under Department of Justice Swiss Bank Program
The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no
05/27/2015
London sets up catastrophe bond task force
To tap into the fast-growing $22 billion market for catastrophe bonds as low-tax hubs such as Bermuda
05/26/2015
Gibraltar Joins International Information Exchange Agreement
Agreement Strengthens International Supervisory Cooperation, Promotes Enhanced Consumer Protection
05/26/2015
OECD Permanent Estabishment proposals could impact Channel Islands
The OECD has just released its revised proposals on the Permanent Establishment (PE) rules in Article 5 of the OECD Model Tax Treaty
05/22/2015
Submit proof to freeze Abhishek Verma's bank account, says Liechtenstein to ED
This is the second time that Liechtenstein authorities have refused to share the details with Indian agencies.
05/21/2015
Books balanced, cash in bank
Operating Expenses are up by $16 million compared to the 2014/15 budget
05/21/2015
Money Laundering Regulations make Cyprus equivalent jurisdiction
The change means that Cypriot service providers to Cayman Islands funds can now undertake anti-money laundering procedure functions
05/20/2015
UBS must buy back investor's Puerto Rico bond funds for $1 million
The decision is unusual because it explains the reasons behind the ruling.
05/20/2015
Finance Ministry: IMDB funds from Cayman Islands are kept in BSI Bank
It also stated that the ministry is amending its answers to Pua in March stating that the Cayman Islands investment funds were redeemed in the form of cash and are still kept in BSI Bank in US currency.
05/18/2015
St. Kitts-Nevis To Bring 2015 Banking Act To Parliament Soon
Despite the turbulence being experienced in Antigua over the 2015 Banking Act, St. Kitts and Nevis will bring the new legislation to parliament within a few weeks
05/05/2015
Italians arrest ex-Swiss banker for 'tax fraud'
Authorities in Milan said on Monday that they have detained a former Swiss banker for allegedly helping wealthy Italian clients evade taxes and launder large sums of money, including the proceeds of embezzlement