02/19/2015
Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the U.S. Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.
02/17/2015
Cayman’s Caledonian Bank Files Bankruptcy After SEC Freeze
The asset freeze “had a crippling effect on debtor’s liquidity,” lawyers for the bank said in the filing.
02/17/2015
Cayman Islands: 'Incompetent' directors escape record $111m fine
The highest court in the Cayman Islands has thrown out a record fine given to two directors who operated a fund which caused investors to lose millions
02/17/2015
HSBC sued by investors over Madoff losses
It is claimed the defendants were negligent and and in breach of contract
02/16/2015
The MoU has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20 countries and international standard setters for financial services supervisors.
02/16/2015
The legal action, filed on 19 February 2014, notably in connection with capital increase of CPI PROPERTY GROUP of 4 December 2013
02/15/2015
This decision has potentially far-reaching effects in relation to the pursuit of claims against directors. It is also likely to re-open debate as to what types of experience and competency independent non-executive directors should have, the level of deta
02/14/2015
HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.
02/13/2015
The Central Bank of The Bahamas in conjunction with Bahamas Development Bank and Bahamas Mortgage Corporation hosted an information session on the proposed Credit Reporting Bill 2014 and the Credit Reporting Regulations 2014 at Melia Nassau Beach Resort
02/13/2015
Delaware is the second smallest state in the United States of America. It is also the leading corporate domicile and company law jurisdiction.
02/13/2015
In a recent opinion, the Privy Council has given definitive guidance on the operation of the statutory scheme in the British Virgin Islands (“BVI”) for the rectification of share registers, particularly in the context of applications to serve
02/12/2015
The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.
02/12/2015
Tax reform advocates say absence of prosecutions raises concerns there is not a strong enough deterrent for Australians who evade paying tax
02/11/2015
Settlement reached in $41m debt owed by OR firm
But details of that settlement remain confidential, according to a terse, three-sentence news release from Greenlight Reinsurance Company, a firm based in the Cayman Islands.
02/11/2015
Bahamas Communications and Public Managers Union officials yesterday said the union would take legal action against the Central Bank’s board of directors for “unilaterally” altering the terms of employment, causing the bank’s pensi
02/10/2015
Carey Olsen leading offshore law firm in AIM rankings
The latest guide pushes Carey Olsen decisively up to second place overall based on the number of AIM clients it advises with 45.
02/10/2015
Daughter of ex-China premier held millions in secret Swiss bank account
Li Xiaolin, daughter of a former Chinese premier known for his support of the bloody military crackdown on the 1989 democracy movement, held as much as $2.48 million in a secret HSBC account in Switzerland
02/09/2015
SEC Goes After a Cayman Islands Bank
Cayman Islands-based Caledonian Bank and four other companies took more than $75 million from unregistered sales of "virtually worthless" penny stocks
02/09/2015
Prominent Australian political and business figures are among thousands of people identified as Swiss bank account holders
02/06/2015
Voisin law firm has made two senior internal promotions in Jersey