09/11/2015
CIMA takes aim at corporate governance standards
The regulator kicked off a private sector consultation exercise last month to gather industry feedback on its proposed minimum standards for corporate governance.
Regulation, Risk & Compliance
09/10/2015
Isle of Man chief predicts ‘anti-offshore activity’
Isle of Man Government chief minister Allan Bell has predicted a wave of negative campaigning focused on the Isle of Man and the other crown dependences, if Jeremy Corbyn wins the leadership of the UK’s Labour Party.
09/08/2015
ESMA recommends extending AIFMD marketing passport outside Europe
The passport is currently only available to EU fund managers.
09/05/2015
Former island resident under international scrutiny
The international media is warning potential investors about Republic Asset Management Corp., reportedly controlled by former Cayman Island residents Ryan and Cody Bateman.
09/04/2015
Swiss Banking division Pays $10.4 Million in Deal With U.S.
“As today’s agreement reflects, Swiss banks continue to lift the veil of secrecy surrounding bank accounts opened and maintained for U.S. individuals in the names of sham structures such as trusts, foundations and foreign corporations,
09/03/2015
US and Swiss agencies set to reveal more on FIFA probes
Six of his former colleagues are still on remand in Switzerland fighting extradition to the US.
09/03/2015
Disclosure of Beneficial Owners of EU Companies, Trusts and Foundations
The 4th AML Directive requires disclosure of beneficial ownership information to central registers.
08/31/2015
Uncertainty for offshore financial centres?
Despite all of the efforts by the Cayman Islands to comply with international compliance initiatives such as signing tax information agreements with other countries and complying with the US and UK FACTA, history has shown that the jurisdiction still come
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.
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