07/17/2020
He stated, “Beneficial Ownership information in the system will also be available to other authorities in the Virgin Islands to ensure that they are able to meet their international obligations. Importantly, the system will not be accessible by the
07/17/2020
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.
07/17/2020
The bank has seen a significant turnover in staff
07/17/2020
It is also testament to our standing among offsore law firms in this practice area that Keith and I were chosen to provide both chapters for the Channel Islands and Bernadette was selected to do the same for the Cayman Islands.
07/17/2020
The aim of the recommendation is to provide guidance to Member States on how to set conditions to financial support that prevent the misuse of public funds and to strengthen safeguards
07/17/2020
The issue of public beneficial ownership registries has been a longstanding issue between the territories and the UK.
07/17/2020
The island’s non-EU status and existing cooperation agreements means it will continue to be able to have access to market into Europe via the well-trodden National Private Placement Regimes (NPPR).
07/17/2020
There are practical steps that could usefully be taken now, including undertaking some internal due diligence, developing training and policies and procedures to identify Reportable Arrangements.
07/17/2020
This excellent ranking on the Paris MoU White List follows on from the BMA’s recognition earlier in the year by the United States Coast Guard with its award of Qualship 21 status to the Registry.
07/16/2020
Hong Kong SAR has always been viewed as the regional headquarters by most Asian-focused funds.
07/16/2020
Under this new law, Ukraine-based business owners will have to declare revenues from foreign assets, or they could face a steep fine on their income.
07/16/2020
The figure was confirmed by Finance Minister Edward Scicluna in two related parliamentary questions by opposition MP Claudio Grech.
07/16/2020
Foreign Secretary welcomes the move by the Overseas Territories as a major step to improve corporate transparency.
07/16/2020
Ties between Asia and the Crown Dependencies have traditionally been strong
07/16/2020
The Law has now been further amended by the Private Funds (Amendment) Law, 2020 which was enacted into law on 7 July 2020 (the 'Amendment') and this article has been updated to reflect the most recent amendments.
07/15/2020
Nevertheless, it needed to be changed to eliminate “ambiguity” over registration and Rivers said that these changes has also been run by the industry.
07/15/2020
CIMA now has the power to impose significant fines
07/15/2020
The Q&A gives a high level overview of the corporate real estate market; real estate investment structures
07/15/2020
The £1 billion longevity hedging deal transfers the risk of pensions in payment, offering long-term protection against additional costs that arise because pensioners or their dependants live longer than expected.
07/15/2020
The strengthening of the relationship comes as one of the UAE's largest commercial banks is closing its operations in Jersey, after being established there a number of years.