02/12/2021
Assuring that such websites would be monitored and that steps would be taken to mitigate any potential risks, BML reiterated the message to refrain from sharing personal banking information.
02/12/2021
A beneficial owner per the definition of the Act is any individual who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise exercises substantial control over an entity, or owns or controls 25% or more of th
02/12/2021
The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.
02/12/2021
Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.
02/11/2021
However, the Cayman Islands had previously been party to bi-lateral and multilateral treaties enabling the provision of such information on request to most jurisdictions.
02/11/2021
Large corporate structures with several entities and holdings can often be complicated to manage from an administrative perspective.
02/11/2021
The portfolio included the Tesco RDC in Fradley Park Lichfield
02/11/2021
However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.
02/11/2021
A previous amendment to the Covid-19 (Workplace Restrictions) (Jersey) Order 2020 took effect on 30 January 2021.
02/11/2021
Our decision to look at our authorisations framework was driven by our commitment to continually improve how we operate and forms part of our wider programme of organisational improvements set out in our four-year strategic roadmap.
02/10/2021
For such entities reporting on a financial period ending on or after 1 March 2020, the deadline is 12 months after the period end date.
02/10/2021
The index also grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a 100 out of 100 is full secrecy.
02/10/2021
Auditors are also reminded of their obligations to notify the Commission as soon as possible if they become aware at any time of potentially serious issues arising within a firm or fund which they are auditing.
02/10/2021
The money is held in a combination of Cayman-based and foreign accounts.
02/10/2021
Client companies that have nominated CO Services as Responsible Person will be contacted separately to provide the required information for submission.
02/10/2021
Meanwhile, Argo Insurance Services Bermuda was also licensed as an agent.
02/09/2021
The statements by Premier Alden McLaughlin, Financial Services Minister Tara Rivers and CIMA Managing Director Cindy Scotland
02/09/2021
Many are what we know as “shadow banks.”
02/09/2021
The decision in Convoy has been appealed to the Privy Council and is due to be heard on 16 February 2021.
02/09/2021
This MoU creates a regulatory bridge, which facilitates the emergence of regulatory and supervisory best practices in the area of digital assets.