01/16/2015
Billionaire Li Ka-shings’ decision to pitch his tent in the Cayman Islands because it is a more “convenient” place to set up his new firms has had the effect of stoking the question whether Hong Kong has lost its allure as an easy place
01/16/2015
Complying with international standards can be a daunting challenge for a jurisdiction.
01/13/2015
The great global lie
Offshore financial centers owe their prosperity to tax transparency, not tax evasion
01/12/2015
China Tops the Debtors’ List to Taiwan: Central Bank
Taiwan’s Central Bank said on Jan. 12 that China remains the largest debtor to Taiwan
01/12/2015
Scrutiny panel publishes Terms of Reference for review of Jersey International Finance Centre
The Corporate Services Scrutiny Panel at the States of Jersey has published the Terms of Reference for its Review into the planned Jersey International Finance Centre
01/12/2015
Cayman Finance supports CIG’s beneficial ownership stance
Cayman’s system has been in place for years and already fulfills the FATF recommendations on how a country can comply with the global availability of information standard,” said Mr Scott.
01/11/2015
1MDB denies misled auditors on Cayman funds
1MDB reiterated that it has already brought home over RM4 billion from the tax haven
01/09/2015
Domestic banks reject EU finance fusion
The Brunetti committee was commissioned by the government in September 2013
01/08/2015
Maples law firm published a piece that stated, “Following the 1 January 2015 deadline, an entity that is an RFI (whether in the Cayman Islands or in the BVI) that has failed to register with the IRS is likely to have any future receipt of US sourced
01/06/2015
Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.
01/05/2015
Cayman Finance CEO Mr. Jude Scott today welcomed the recent statement from the Cayman Islands Government regarding the beneficial ownership changes being insisted upon by the UK.
12/31/2014
The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA
12/31/2014
The consultation was conducted by the Ministry of Financial Services and Commerce.
12/28/2014
However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.
12/25/2014
The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.
12/24/2014
For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy
12/23/2014
The new system is called REEFS, which stands for Regulatory Enhanced Electronic Forms Submission
12/23/2014
PKR MP Wong Chen’s observation of currency gains made by 1 Malaysia Development Bhd through its offshore accounts in the Cayman Islands validates its concern over foreign exchange fluctuations
12/23/2014
The Class A shares of the Emerging Markets Fixed Income fund were down -0.19 percent in November after finding difficulty during much of the fall.
12/22/2014
Fiscal framework to remain in place indefinitely