10/08/2019
Financial centres like Mauritius, Cayman Islands and Cyprus are not FATF members. FATF is an inter-governmental policymaking body which was set up at the 1989 Paris summit of G7 due to increasing concerns over money laundering.
10/08/2019
Prospect MLA Austin Harris took aim at the lengthy delay from the passage of the bill in 2016 and the completion of the regulations in 2018 to bring it into force.
10/08/2019
Added layers of complexity in dealing with multiple jurisdictions has coincided with South Africans increasingly externalising some of their assets.
10/07/2019
Justice Kawaley found the Court had no statutory power to order Fortunate Drift to provide Canterbury with the KYC information it had requested following a change in the beneficial ownership of Fortunate Drift.
10/07/2019
These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.
10/07/2019
The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions
10/07/2019
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
10/07/2019
Access to opportunities rather than tax efficiency is the guiding principle.
10/07/2019
Grenada’s CBI programme only requires a minimum investment of US$220 000
10/06/2019
Two-island nation St. Kitts and Nevis introduced its CIP program in 1984.
10/06/2019
Ms Rowlands was recently involved in a redomiciliation of a fund from Delaware to Guernsey.
10/06/2019
The JFSC's public statement on Sanne Fiduciary Services Ltd in 2019 evidences that it values cooperation.
10/06/2019
The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.
10/04/2019
Malta has also faced criticism from the International Monetary Fund (IMF) and recently failed an international AML evaluation.
10/04/2019
Other panellists at the event agreed that achieving substance has become an increasingly important issue in jurisdictional choice for general and limited partners and that Guernsey was now more strongly positioned in the market.
10/04/2019
EU blacklist to shrink to nine, including three U.S. territories
10/02/2019
The signing ceremony took place in early September in conjunction with the 18th summit of the Francophone Institute of Financial Regulators hosted by the FSC in Mauritius.
10/02/2019
They were believed to be the first at the secretariat of state, which co-ordinates the activities of the Holy See, functions as the seat of governance of the universal Catholic Church and oversees diplomatic relations with more than 180 nations.
10/02/2019
About 3,403 applicants took advantage of the three-year amnesty window to repatriate the billions tax-free in a period when they were not required to declare the source of their wealth or even account for previous years’ tax arrears.
10/02/2019
FATCA reporting is a complex issue, and involves specific financial institutions having to report details of financial accounts held by US persons