10/26/2016
Panama, Bahamas leaks or whatever, truth should come on surface: IMF
Whether it’s Panama or Bahamas, these issues need to be addressed
Regulation, Risk & Compliance
10/21/2016
G20/OECD BEPS Project advances tax certainty agenda with the launch of global review of MAP programmes
The BEPS package endorsed by the G20 Finance Ministers in October 2015 contains the report on Action 14 (Making Dispute Resolution Mechanisms More Effective), which outlines the minimum standards and best practices for resolving treaty-related disputes un
10/21/2016
Jersey signs BEPS information exchange agreement
The signing was at the OECD in Paris, in the presence of the Secretary General of the OECD, Angel Gurría.
10/20/2016
OECD’s CRS: impact on Bermuda family offices
The aim is to increase tax transparency and eliminate tax evasion globally.
10/19/2016
St Kitts: Bank official denies collusion on banking fees
Banks tailor their fees to suit the services that they provide and the costs they incur in providing those services.
10/17/2016
Watchdog says about 15 Swiss banks in money laundering 'red zone': SonntagsZeitung
FINMA introduced a warning system in relation to money laundering risks
10/17/2016
Life insurance used as wealth management tool
The survey by Transamerica Life Bermuda was conducted in partnership with Asian Private Banker.
10/14/2016
Panama Papers: Top arms dealer and son linked to offshore firms in Panama, BVI, Seychelles
Sudhir Choudhrie shifted base from Delhi to London after his name figured in CBI probes into the contract to upgrade 130-mm field guns and the Barak missile deal.
10/14/2016
St Kitts and Nevis Banker Expresses Concern About De-Risking
The De-risking issue, as it is called, has already affected several banks in the Caribbean who have lost correspondent banking relations with counterparts in the US and Europe.
10/14/2016
BVI Introduces Opt-In Regime for AIFMD Compliance
The purpose is to position BVI to receive a favourable assessment from ESMA, when it advises the European Commission on whether the AIFMD passport may be extended to BVI.
10/13/2016
Barbados: Reserved Powers Trusts And Private Trust Companies In Barbados
Whilst many of us in the industry are familiar with traditional structures
10/13/2016
Federal Youth Policy Initiative Launched
A sound youth policy is evidence based.
10/11/2016
Marco Archer named Finance Minister of the Year in Caribbean
The magazine that government believed the best way to cut debt was to grow the local economy, rather than increasing taxes.
10/11/2016
UK Minister reaffirms strong links with Barbados
The Minister confirmed the UK’s commitment to the Caribbean and the strong relationship with Barbados built on long-standing connections.
10/11/2016
Washington Meetings: Economy, strategic priorities highlighted
Their focus is on reducing poverty, as well as promoting global economic and financial stability.
10/10/2016
Credit Suisse Just Placed Five Employees On Leave Over a Tax Probe
Credit Suisse did not comment on further details of the investigation.
10/10/2016
Two more former BSI senior bankers charged in Singapore court in 1MDB probe
The probes centre on how more than US$3.5 billion (S$4.81 billion) in funds intended to finance development projects across Malaysia were misappropriated.
10/07/2016
Israel's Largest Bank Sets Aside $70 Million to Settle U.S. Tax Evasion Probe read
U.S. authorities are investigating whether the bank helped American clients evade U.S. taxes at its Swiss unit
10/07/2016
Hong Kong masterclass to consider corporate risk management opportunities across Asia
The masterclass follows the signing of Memoranda of Understanding with both the China Captive Alliance and the Kashgar Government by Guernsey representatives in June this year.
10/06/2016
Jersey introduces virtual currency regulation
Reforms leave Jersey well placed as virtual currencies enter the mainstream