06/17/2015
Caribbean urged to adopt new paradigm to creating wealth
Caribbean countries have been told that they must shift their policymaking efforts to creating and retaining wealth in the region.
Regulation, Risk & Compliance
06/15/2015
Iceland is out of the woods but the financial system is still dangerous, says PM
The country is starting to lift the crisis-era capital controls that have been in place since 2008
06/11/2015
New BVI Hedge Fund Products
Incubator Funds and Approved (Friends and Family) Funds
06/11/2015
IMF Executive Board Concludes 2015 Article IV Consultation with The Bahamas
On June 8, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with The Bahamas
06/10/2015
Serious Fraud Office actively reviewing material on US action against Fifa
The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption
06/10/2015
The Gibraltar FSC signs MoU with the Guernsey FSC
The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.
06/08/2015
FIFA scandal may lead to tighter Caribbean banking regulations
Correspondent banking - the arrangement that allows a local bank to have access to the services of a distant financial institution
06/08/2015
Expat pensioners losing out as Government thinks they're dead
Elderly Britons overseas who've missed a deadline to prove they’re still alive have had their pensions stopped
06/05/2015
Republic to probe FIFA-related wire transfers
Republic Bank Ltd managing director David Dulal-Whiteway has said the bank is doing an internal investigation into the FIFA-related wire transfers.
06/05/2015
Achieving Regulatory Alpha through Regulatory Enterprise Risk Management
From managing systemic risk to enhancing transparency and investor protection, firms are grappling with balancing the demands of an ever-changing regulatory landscape with limited budgets and operational resources.
06/04/2015
GFSC consults on the regulation of personal pension schemes
The paper has been developed at the request of HM Government of Gibraltar and is designed to support the further development of the market for personal pensions and ensure that personal pensions continue to be subject to appropriate regulation and investo
06/04/2015
Jersey introduces sex discrimination law
The States of Jersey has introduced legislation that outlaws discrimination against anyone based on their gender
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.