10/02/2020
Mauritius had already agreed to implement a detailed Action Plan within an agreed timeline with the FATF, to be removed from the FATF list and subsequently from the EU list.
10/02/2020
The legislation requires in scope companies and partnerships to file certain information annually in respect of their activities during their last 12 month financial period.
10/01/2020
Given the large number of relatively small creditors and the lack of available funding in the estate, the liquidators turned to the commercial third party funding market to meet their anticipated costs and expenses, including the costs of prospective liti
10/01/2020
New York’s financial regulator acknowledged that the financial system is “awash with trillions of dollars in dirty money,” and has called on banks to help fix it.
10/01/2020
Anti-corruption campaigners hailed a victory for transparency and the fight against hidden movements of huge sums of money.
10/01/2020
The requirements for exempted companies and LLCs to state the nature of the business will also now be included on annual returns.
10/01/2020
A fund must appoint a service provider (which includes an administrator, auditor, custodian, investment advisor, investment manager, operator, prime broker, promoter or registrar or any of their delegates) to ensure safekeeping of the fund’s financi
09/30/2020
In the Amendment Laws, gazetted on 20 August 2020, certain information relating to Cayman Islands companies and limited liability companies will be publicly searchable from 1 October 2020.
09/30/2020
The International Investment Awards are the longest-running event of their kind.
09/30/2020
The DOJ’s Swiss Bank Program, announced in 2013, allowed Swiss banks to resolve potential criminal liabilities in the U.S. by agreeing to certain requirements.
09/30/2020
The Authority is satisfied that the directors of IFSL recognise and accept their failings.
09/29/2020
The FATF and the Caribbean FATF have been unable to carry out their scheduled onsite reviews, due to the covid-19 outbreak.
09/29/2020
The BVI has been caught in the new exposé from the International Consortium of Investigative Journalists that reveals major flaws in the global anti-money laundering safeguards
09/29/2020
Private Funds that changed from regulated to unregulated under the Registration Requirements from 7 August 2020 will need to update their filings at the Registry before 31 December 2020.
09/29/2020
The DPM said the Bill provides for the specific inclusion of the Non-Profit Organization limited by Shares and the Segregated Accounts Company in the definition of entities covered by the Act.
09/29/2020
These revelations have prompted deVere, one of the foremost financial consultancies in operation
09/28/2020
Destinations such as Barbados, Bermuda and Estonia are all offering special visas for remote workers who need a change of scenery
09/28/2020
The Jamaican Government, GOJ, collected $143.9 billion in taxes, which was 7.5 per cent more than it expected.
09/28/2020
CDB estimates that GDP will contract by 14 per cent in The Bahamas and by almost 19 per cent in St Lucia in 2020.
09/27/2020
The Securities Commission of The Bahamas and the Insurance Commission of The Bahamas also established AML Analytical Units in 2019 to maintain ongoing vigilance regarding AML/CFT/CFP compliance of the securities and insurance licensees and registrants, re