04/29/2015
Cyprus : Financial And Investment Law Changes
At the end of January 2015 a number of detailed amendments were made to Cyprus laws regulating the financial and investment sector to align them with EU legislation
04/28/2015
FBI investigates British rogue trader for allegedly stashing millions in C’bean offshore banks
The “flash crash” trader who US authorities want to prosecute over claims that he helped wipe hundreds of billions of dollars off the value of Wall Street stocks, may have a hidden $75 million offshore nest egg.
04/28/2015
Privatisations In Cyprus: The Beginning Of A New Era
As one of the conditions of international support following the financial crisis of spring 2013, Cyprus was required to put in place a framework for the privatisation of state-owned entities and utilities
04/28/2015
BVI Financial Services Industry To Take New Direction
The British Virgin Islands Government has received a report that it commissioned on finding a new direction for the financial services industry
04/28/2015
Belvedere update: Guernsey FSC places three funds into administration
The three fund companies are all managed by Lancelot Management; a Guernsey registered collective investment schemes manager.
04/26/2015
All of the bills were passed on April 17 and they are expected to be gazetted shortly.
04/22/2015
More than 200 leaders in alternative asset management and regulation will today kick off a two-day conference that is a first for Bermuda.
04/21/2015
Sinn Féin deputy leader denies she named politicians to ‘cause public controversy
04/16/2015
Bermudians who travel to the UK for longer than six months and do not have a British passport must obtain a Biometric Residence Permit, Government confirmed this evening.
04/13/2015
In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.
04/10/2015
BERMUDA: ‘Sensible immigration policy vital for growth’
The resolution of Bermuda’s immigration policy is “crucial” for the economy, Shadow Minister of Finance David Burt said yesterday.
04/07/2015
The Securities Commission of The Bahamas has signed Memoranda of Understanding (MoUs) under the European Union's (EU) Alternative Investment Fund Managers Directive (AIFMD) with the securities regulators of Cyprus, Austria and Spain.
04/07/2015
DMS Offshore Investment Services (‘DMS’) Limited was established in the Cayman Islands by Don Seymour in 2000
04/06/2015
Mauritius’s future as on offshore financial centre is under threat after the island state’s Prime Minister Anerood Jugnauth announced its central bank has uncovered evidence of a Ponzi scheme
04/06/2015
The "non-deductibility of costs" list now therefore includes only 46 tax jurisdictions. 21 have been cancelled as already having TIEAs in effect, namely: Alderney, Guernsey, Jersey, the Isle of Man, Gibraltar, the British Virgin Islands, Anguill
04/02/2015
Fiducaire Unit Facing Prosecution In Jersey
The Jersey court date has been set to start on 23 June 2015
04/01/2015
Tynwald recently approved changes to the Proceeds of Crime Act in order to bring digital currency under the control of that Act.
03/31/2015
Swiss Private Bank to Pay $211 Million Penalty in US Tax Case
Swiss Private Bank agreed to pay $211 million and became the first Swiss bank to reach a deal to avoid U.S. Justice Department prosecution
03/31/2015
Guernsey Is Not a Tax Haven: KPMG
KPMG Head of Tax Tony Mancini discusses the Channel Islands and the accusations that the island chain isn't tax transparent
03/31/2015
UK fund house caught up in Mauritian ‘Ponzi scheme' probe
A UK fund house has been forced to freeze redemptions on one of its funds, after becoming caught up in an investigation by the Mauritian regulator into an alleged Ponzi scheme.