08/18/2019
Brussels plans to revive money laundering blacklist
Previous bid to name non-EU countries ran into diplomatic row with accused countries
Regulation, Risk & Compliance
08/16/2019
Switzerland to exchange financial account information with 33 more countries for tax purposes
The report on the review mechanism for standard-compliant implementation of the AEOI was approved by the Federal Council during its meeting
08/16/2019
Bermuda: Alternative Investment Funds 2019
The Investment Business Act 2003 governs the regulation of “investment business”
08/16/2019
JFSC issues warning over Titanium fund
Through its enquiries, the JFSC has established that Titanium is not registered in Jersey, nor has it ever been registered in Jersey, yet appears to be offering people the opportunity to invest.
08/16/2019
Changes to Cayman Islands Corporate Disclosure Requirements
Effective 8 August 2019, the Cayman Islands changed some of its corporate disclosure requirements.
08/16/2019
Novel issues facing Cayman insolvency professionals dealing with crypto assets
This article provides an overview of some of the challenges facing Cayman insolvency professionals when confronted with insolvent estates possessing crypto assets1.
08/16/2019
New Guernsey Finance BD Director Looking To Make A Mark In South Africa's Private Wealth Scene
There is potential for providing firms and their clients with structures which cater for confidentiality, asset protection, and succession planning."
08/15/2019
HSBC fined by data protection commissioner for investigating employee’s bank accounts
Muscat’s employment with the bank was terminated in December 2018.
08/15/2019
Malta: Payment Services Directive To Be Transposed Into Maltese Law
One of the main amendments is the introduction of Third-Party Providers (TPPs)
08/15/2019
Cayman Islands Introduces Data Protection Law
The Cayman Islands' Data Protection Law is currently due to come into force on 30 September 2019.
08/15/2019
Programmable money open for business
The concept of money is suggested to have been developed over thousands of years.
08/15/2019
NCA freezes £100m suspected to be from corruption overseas
Court orders cover eight bank accounts linked to individual who has already had £20m frozen
08/15/2019
Cayman Data Protection Law, 2017
The DPL will apply to any data controller that is established in the Cayman Islands
08/14/2019
Luxembourg pushes DAC6 legislation forward by laying out mandatory disclosure guidelines for tax harmful cross-border arrangements
DAC6 concerns all EU member states and must be enacted by 31st December 2019
08/14/2019
CIMA Publishes Regulatory Policy on Licensing Requirements for Class C Insurance Companies
The Regulatory Policy will be applied by CIMA in addition to the relevant provisions of the Insurance Law, 2010
08/14/2019
Isle of Man investment platform receives banking licence
It will offer services to HNWs and corporate clients with at least £500,000 in assets
08/13/2019
$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)
The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*
08/13/2019
Accountant fined, banned for four years for rules breach
From 2012 to 2016 he incorporated 12 Guernsey-registered companies, but he used the licensee registration of his employer, including online log-in details, in order to carry out those activities.
08/13/2019
The Central Bank of Ireland Highlights Liquidity Management Obligations
This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.
08/13/2019
Aon advises HSBC Bermuda on longevity swap
A multi-disciplinary team from Aon helped with the establishment and licensing of the new captive solution