09/27/2020
The GFSC has also recognised that there are increased information security risks as a result of licensees being unable to (or choosing not to) operate in their traditional office space with the acceleration of working from home which has followed the pand
09/25/2020
Buzzfeed has had these SARs for over a year.
09/25/2020
This is to ensure a timely and consistent implementation across the world, which is key to the success of CbC reporting.
09/25/2020
To ensure transatlantic data flows between the EU and the US following this annulment, the EU Commission and the US government reached a new political agreement on the subject, following which the Privacy Shield decision was adopted in July 2016.
09/24/2020
FINMA reprimands Swiss private Bank
In the course of these proceedings FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets.
09/24/2020
The Agreement will enable them to get a small, part pension from Guernsey when they reach pension age.
09/24/2020
No 10 described a deal as only "still possible" - with a strong attack on the EU's failure to give ground.
09/24/2020
The purpose of this examination was to determine how, and whether, organisations are complying with the law in this area.
09/24/2020
The Panama Papers could have been a massive moment in history.
09/24/2020
Unable to fight for Sharp’s original objective of a top-10 result, he leaves the event with unfinished business, but also a great sense of satisfaction having progressed well with each stage climbing up the ranking.
09/24/2020
This is far from a one-way direction of travel and it is clear from the UK’s programme for reform of its own Companies House (published this month) that availability to the public is not a sufficient replacement for professional verification.
09/23/2020
Secret documents reveal potential dark side of prepaid debit cards
In 2014, for example, Bank of America characterized Choice Bank as “an issuer of prepaid cards for program managers with inherently high risk.”
09/23/2020
Russia's Cabinet Approves Maltese DTA Amendments
Malta and Luxembourg have already agreed to amend their pact with Russia and negotiations are said to be ongoing with the Netherlands.
09/23/2020
With money laundering red flags going up, football clubs may have to step up
A Europol report on money laundering recently identified football as a money laundering paradise for organised crime networks
09/23/2020
BMA cancels registration for Phoenix CRetro, company eyes move to Asia
The Bermuda Monetary Authority (BMA) has cancelled the insurance registration of Phoenix CRetro Reinsurance Company, a special purpose insurer (SPI), for breaches of the Insurance Act 1978 (Insurance Act).
09/22/2020
Trust and Corporate Services market is bouncing back from pandemic
Research shows the Trust and Corporate Services market is bouncing back from the COVID-19 pandemic
09/22/2020
How legislative change has impacted The Bahamas investment funds
CESRA demonstrates The Bahamas’ seriousness to continuing as an important and viable global international financial centre.
09/21/2020
HSBC exposed in $80m Hong Kong Ponzi scandal
The bank was forced to pay a record $1.9 billion in December 2012 to settle the allegations that it had knowingly allowed for the transactions to go ahead.
09/21/2020
The revelations underscore challenges for regulatory and financial institutions trying to stop the flow of dirty money despite billions of dollars of investments and penalties imposed on banks in the past decade.
09/21/2020
Five global banks appeared most often in the documents — HSBC Holdings Plc, JPMorgan Chase & Co, Deutsche Bank AG, Standard Chartered Plc and Bank of New York Mellon Corp, the ICIJ reported.