08/31/2015
Guernsey QROPS Transfer Delay Complaint Rejected
The delay stopped the transfer because HM Revenue & Customs delisted the Guernsey QROPS he planned to receive his pension cash.
Regulation, Risk & Compliance
08/23/2015
Switzerland could turn the scales in 1MDB scam
Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.
08/23/2015
Bahamas “largely compliant” says OECD Tax Policy Director
Echoing this sentiment was Minister of Financial Services, Hon. Hope Strachan, who also spoke at the luncheon.
08/21/2015
Guernsey tops 800 licenced insurance companies
Guernsey said it has licensed 45 more international insurance companies in the first six months of 2015, bringing the total number of insurers operating in the channel island to 816.
08/19/2015
Islands in the (Work) Stream: The BVI in Asia By Michael Gagie, Partner, Maples and Calder
In this article, Michael Gagie reviews the advantages of BVI companies for businesses and business owners in Asia.
08/19/2015
Switzerland's FINMA looking into possible Swiss connection to 1MDB
The fund has been dogged by controversy over its $11 billion debt and alleged financial mismanagement.
08/19/2015
ON THE LEFT: Best way to tackle offshore tax evasion
Many jurisdictions have opted to implement FATCA on an inter-governmental basis and, more specifically to collect and exchange the information required to be reported under FATCA on the basis of a Model 1 FACTA inter-governmental agreement.
08/18/2015
Bahamas Insurance Association statement on NHI
The BIA calls on the Ministry of Health to clearly state its position on the comments of its consultants.
08/17/2015
JAMAICA: Pension reform said critical for economic growth
The situation is aggravated, Burchenson pointed out, by increasing numbers of people living up to 25 years beyond retirement age, as indicated by the National Population Census 2011.
08/16/2015
CBI Service Providers Support Call to Protect Property Values
The former government Minister turned social activist, says the authorities must ensure that price points are realistic for today and in the future.
08/14/2015
Government rescued by FirstCaribbean on debt deal
The refinancing deal consolidates 11 loans, all at varying interest rates, that cost taxpayers more than CI$800,000 a year in interest.
08/13/2015
Gibraltar FSC signs MOU with Israel
The MoU indicates our joint endeavours to work closely together to support our work to protect the public
08/13/2015
LDM Global Expands into Caribbean with new Cayman Islands Office
eDiscovery and computer forensics firm makes long-term commitment to the Cayman Islands. In addition to the expansion, LDM Global aims to give back by instilling an internship program.
08/13/2015
No support for Pensions Law from independent MLA
Some of the veteran legislator’s concerns centered on potential abuse the proposed amendments to the law could facilitate
08/06/2015
Cayman hedge funds non-compliant for Europe
Currently the Cayman Islands and the other countries have to apply to national regulators in each EU member state for permission to sell their funds.
08/06/2015
MMIF Reporting: An Ongoing Challenge for Fund Administrators
The timeline for MMIF reporting has been tight and the resources required to complete the submission process have been substantial.
08/04/2015
Fund Caught in Snare of Global Probe
Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market
08/03/2015
‘Fortress Europe’ freezes Cayman Island hedge funds out
Hedge fund managers domiciled in the Cayman Islands, the US, Hong Kong and Singapore face uncertainty over whether they can sell their funds across Europe following a ruling by a European regulator.
08/03/2015
Cayman Finance welcomes ESMA statement
The Cayman Islands remains committed to working very closely with ESMA as it develops the additional AIFMD regimes as an extension of its already successful investment funds platforms.
08/03/2015
Ponzi Scheme tied to Cayman
Within the next month, investors of the Brighton SPC Fund can expect to know what happened to their money, which was invested in a local Ponzi scheme.