05/21/2020
In addition, fraudsters have sought to exploit mass communications around Covid-19 by attempting to divert payments through purchase scams for medical equipment and fake mobile apps purporting to be related to Covid-19.
05/20/2020
Guernsey is an independent legal jurisdiction for estate administration purposes.
05/20/2020
The CSSF has now extended this monitoring to a greater number of IFMs and has integrated the accompanying notification process into its eDesk portal.
05/20/2020
If it is not satisfied that the best commercial interests of the company (as reflected by the wishes of stakeholders) are met by the proposed sale, then sanction will be refused.
05/20/2020
SLiC selected Bermuda as it’s global headquarters due to its sophisticated legal structure and skilled workforce.
05/20/2020
The law also includes operational changes in a number of areas, such as annual audit requirements, annual return for the fund, record retention, valuations, cash monitoring and safekeeping of assets.
05/19/2020
Mauritius has been under a national lockdown since 20 March 2020
05/19/2020
The EU’s revised list for high risk countries considered developments that have taken place at the international level since 2018.
05/19/2020
The EU blacklist uses the FATF monitoring list as a starting point and serves as a way to hold the included countries accountable since the FATF has no enforcement ability of its own.
05/18/2020
Each signatory has chosen which Double Tax Treaties to be included in the Instrument and submitted its MLI positions with respect to the different options provided for in the MLI.
05/18/2020
Bermuda is also looking at other COVID-19 related apps that will help the country manage the pandemic
05/18/2020
Without Malta's nomination, EPPO will not be able to operate
05/15/2020
Even during times of crisis, a manager is constrained by the powers that are granted to them under the terms of the fund documents, and they will generally not be able to take any actions that are not expressly permitted under those documents.
05/15/2020
The ESD will collect information that will be considered by the Registrar when determining whether an entity meets the economic substance requirements, including the following types of information:
05/14/2020
The Bahamas will continue to liaise with the FATF to ensure the on-site inspection takes place
05/14/2020
The Caribbean jurisdiction, which is also part of the British Commonwealth, underlined that it remains fully compliant on tax co-operation and transparency and is not included on any EU blacklist for tax purposes.
05/12/2020
Could the common law power of recognition be relied upon by PRC Administrators instead?
05/11/2020
Governor Byles pointed out that the BOJ's recently overhauled regulatory regime for electronic retail payment system, dubbed the fintech regulatory sandbox would assist in the Jamaica getting off the blacklist.
05/11/2020
Due to covid-19-related travel restrictions, the parties agreed to go ahead with the signing by video conference instead.
05/11/2020
The data could be used to inform policy around “de-escalating” lockdown measures and to ensure precious resources are allocated to “hot spots” in an evidence-based manner.