11/05/2020
Barbados governor hits back at AML ‘blacklisting’
Cleviston Haynes told journalists the central bank was “concerned” about the “pernicious” impact of the blacklisting by the EU
11/05/2020
New rules expected to boost virtual assets sector in Cayman Islands
The new rules are expected to boost business in the sector by allowing the supervision of businesses providing services in the arena and help Cayman meet the latest recommendations from the Financial Action Task Force.
11/05/2020
The Convention will become effective on 1 January 2021 for over 600 treaties concluded among the 56 jurisdictions, with an additional 1200 treaties to become effectively modified once the MLI will have been ratified by all Signatories.
11/04/2020
The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.
11/04/2020
We understand the importance of providing companies registered in Jersey with some consistency in relation to fees, so that they can plan for the future.
11/04/2020
This is not the first time an extension has been granted.
11/04/2020
This year, the Cayman Islands Monetary Authority, the jurisdiction’s financial regulator, became the supervisor of registered persons – the previously unregulated excluded persons – for anti-money laundering purposes.
11/03/2020
The Cayman Islands Administrative Fines Regime & Investment Funds
This update provides a non-exhaustive overview of some of the most pertinent AFR fines applicable to Cayman Islands regulated investment funds and their operators.
11/03/2020
Statutory Demands In Guernsey
A statutory demand is a formal written demand made by a creditor of a debtor for satisfaction of an outstanding debt.
11/03/2020
Restricted Purpose Companies – The SPV in its purest form
Of all the offshore transactions I’ve worked on, only three have featured restricted purpose companies, and I feel rather lucky about that, as I know many even more experienced practitioners who haven’t seen any at all.
11/03/2020
Cayman Islands introduce regulations for virtual asset service providers
The notorious tax haven appears to be cleaning up its act on AML and counter terrorist financing ahead of an FATF review.
11/03/2020
One important consequence coming out of the COVID-19 pandemic was the (sudden) obligation on businesses to embrace remote working for employees.
11/03/2020
FSC releases consultation papers on Robotics and AI as well as Crowdfunding
The consultation paper then goes on to elaborate the substance requirements as well as the risk and governance framework applicable to such an entity.
11/03/2020
The Cayman Islands has been tasked with implementing the Recommended Actions arising from an assessment of the jurisdiction by the CFATF (Caribbean Financial Action Task Force), the regional body of the FATF.
11/02/2020
Lombard Bank fined €340,000 by FIAU over money laundering shortcomings
FIAU finds low level of risk assessment and enhanced due diligence for PEP and voluminous transactions at Lombard Bank
11/02/2020
The Bahamas launches one-year extended stay program
The Bahamas said that not only will visitors be encouraged to enjoy the white sand beaches, incredible blue-hued waters and delicious cuisine
11/02/2020
Pensions problems in OTs raised in House of Lords
State pensions are uprated only if the recipient lives in a country with a reciprocal agreement under UK government policies.
10/30/2020
CIMG, which also owns the Guernsey Press, is a joint venture between Bailiwick Investments Limited and MXC Guernsey Limited.
10/30/2020
GFIN comprises more than 60 international organisations and seeks to support financial innovation in the interest of consumers.
10/29/2020
An overview of the recently introduced CRS Compliance Form and the new DITC portal now with CbCR reporting functionality.