04/26/2015
Cayman Islands: LA Passes Aircraft-Related, And Directorship, Bills
All of the bills were passed on April 17 and they are expected to be gazetted shortly.
Regulation, Risk & Compliance
04/22/2015
Island hosts key regulation conference
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
Mary Lou McDonald refuses to apologise over offshore accounts
Sinn Féin deputy leader denies she named politicians to ‘cause public controversy
04/16/2015
New UK visa requirement for Bermudians
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
Finding the IBOR That Fits Your Institution’s Needs
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
Securities Commission of The Bahamas Signs Additional AIFMD MoUs
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 – Best Offshore Regulatory Advisory Firm
DMS Offshore Investment Services (‘DMS’) Limited was established in the Cayman Islands by Don Seymour in 2000
04/06/2015
Mauritius shuts bank: PM says evidence of Ponzi scheme
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
Italy Amends Country 'Black Lists'
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
Regulation for Digital Currency Businesses on the Isle of Man
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.
03/30/2015
ICSA Jersey Governance Conference - Book now!
The ICSA Jersey Governance Conference will take place on Friday, 24th April at the Royal Yacht Hotel;
03/27/2015
ComplianceAid article “deceptive”, says Cayman Finance
Cayman Finance CEO Mr Jude Scott recently expressed his disappointment on behalf of the financial services industry
03/26/2015
New player in offshore banking warns against parking ill-gotten gains
We want to avoid this negative attention by putting in place mechanisms that can assure us that the money being placed here is clean and from legitimate sources,” said Skerrit
03/24/2015
Elian launches Funds Compliance Services to overcome clients’ regulatory demands
In anticipation of fast-changing developments in Jersey’s regulatory environment and the sharper emphasis on corporate governance, Elian has launched a comprehensive suite of professional compliance services that will significantly reduce clients&rs
03/19/2015
Digital due-diligence platforms explored at Jersey Finance debate
Jersey’s ambitions to position itself as a leading FinTech jurisdiction and how digital innovation could assist Jersey’s finance industry with growing due diligence obligations formed the focus of an event hosted by Jersey Finance recently.