03/28/2022
Other sanctions lists (eg OFAC, EU, and UN) should also be considered and monitored by all FSPs, VASPs and persons conducting business in the Cayman Islands as they may be relevant but aren’t legally binding in the Cayman Islands.
03/25/2022
Zimbabwe remains in Appendix I as it is listed by other relevant external sources.
03/25/2022
The OECD announcement indicates that the CARF would cover “crypto-assets that can be held and transferred in a decentralised manner
03/25/2022
N Trust was fined following a review earlier this year
03/24/2022
The FIAU strongly encourages subject persons to consult this publication which is accessible on the FIAU website.
03/24/2022
Mauritius Trusts are governed by the Trust Act 2001 which lays out the regulations relating to the creation and administration of Trusts on the island.
03/24/2022
SPs were therefore requested to report a TRN for every pending transaction in addition to the STR/SAR.
03/24/2022
A breakdown of three recent major developments.
03/24/2022
Sanctions are also applied against North Korea over its nuclear weapons programme and against Iran for its nuclear enrichment activities.
03/23/2022
Diesel is the fuel for Alderney's power station and kerosene is the fuel most people use to heat their homes.
03/23/2022
Customers tell family, friends and colleagues when they have received a great customer experience, but they tell 3X more people when they have a terrible experience.
03/23/2022
Crew members allegedly part of Russia’s security services
03/23/2022
A company will be deemed unable to pay its debts if the creditor has served a statutory demand (in the prescribed form) on the company requiring payment of the sum due, and for 21 days the company has not paid the sum due.
03/23/2022
Whilst the Jersey provisional liquidation regime is not currently as wide reaching as is the case in certain other offshore jurisdictions, the underlying concept and intention behind the regime is consistent.
03/22/2022
That supplier is BPL, with the regulator clarifying that the fuel cost compensation will be calculated by stripping out the impact of its current hedging policy.
03/21/2022
This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.
03/21/2022
Countries and territories listed under sources 1 and 2 of Appendix D2 should be treated as non-compliant with FATF recommendations for the purposes of Article 17A of the Money Laundering Order.
03/20/2022
The Cayman Islands updated its national risk assessment in 2021 and these updates provide each sector with new information regarding their risk exposure.
03/20/2022
The JFSC has published associated guidance on dealing with higher risk relationships relevant to the current situation, and industry will be notified of their publication.
03/18/2022
Suspending the ability for Russia to receive such information from Guernsey ensures that the Russian government cannot use that information to increase its tax revenues, a States of Guernsey spokesperson said.