05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
Regulation, Risk & Compliance
05/21/2019
Lawyers Warned Not to Help Break Law in Wake of Tax Scandals
The OECD said the report “shone a spotlight” on lawyers’ role.
05/21/2019
Antigua still optimistic about sale of Scotiabank to local investors
Last November, the Trinidad-based Republic Financial Holdings Limited (RFHL) announced that it was seeking to acquire Scotiabank operations in several Caribbean countries.
05/21/2019
Guernsey Green Finance and UK Green Finance Initiative foster collaborative approach
Guernsey Finance is a sponsor of City Week 2019
05/20/2019
International anti-money laundering experts review practices in Cyprus
Its report expected at the end of the year is of crucial importance for the image of Cyprus in relation to anti-money laundering practices applied both by the state and private firms associated with international transactions.
05/20/2019
Dirty money bill has ‘too many loopholes’
The report, which supports the passing of a bill to implement a register of overseas interests, said the bill had a string of loopholes including limited powers to punish offenders.
05/20/2019
More work to be done as Bermuda back on "grey list”
Bermuda continues to be a leader in insurance and other financial services and so that comes with a responsibility to be ahead of the curve in terms of regulation and best practice," said Bermuda finance minister Curtis Dickinson.
05/20/2019
EU removes Bermuda from tax haven blacklist
They were given 12 months to comply with the new rules.
05/20/2019
Lawyers Warned Not to Help Break Law in Wake of Tax Scandals
Panama Papers ‘shone a spotlight’ on lawyers’ role, OECD says
05/20/2019
How to manage the succession of a BVI Co
A BVI Grant is needed even where the shares are held through a nomineeship
05/19/2019
Bermuda Removed from EU ‘Blacklist’
Economic substance legislation is in force in all three Conyers jurisdictions
05/17/2019
Appleby advises QTC Care on its USD 7 million series A financing
Vincent commented on the transaction: “QTC Care is a pioneer in the growing technology health sector in China.
05/17/2019
Economic substance in the Cayman Islands
The ES Law is supplemented by the Guidance Notes issued by the Cayman Islands Tax Information Authority (the TIA) on Economic Substance for Geographically Mobile Activities
05/17/2019
Bahamas International Securities Exchange Signs Digital Securities Exchange Partnership Agreement
The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties.
05/17/2019
BVI Economic Substance Law
These amendments follow closely the approach taken to address the same issue in other international financial centres.
05/17/2019
United Nations Recognises Jersey’s Work on International Asset Recovery
United Nations officials have recognised Jersey’s good practice in returning stolen assets to their rightful country.
05/17/2019
Appleby Hong Kong advises AngelHub on its equity crowdfunding platform
The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies
05/17/2019
EU confirms Bermuda's status as a cooperative jurisdiction in international tax transparency
All Bermuda companies, LLCs and partnerships (which have elected to have separate legal personality) are potentially within scope of this legislation if they are conducting a “relevant activity”.
05/17/2019
Bermuda, Aruba & Barbados are removed from EU tax haven blacklist
In a statement the EU explained that Bermuda and Barbados have both committed to meeting EU concerns and are now part of a "grey list" of jurisdictions being monitored by the EU, according to a report from Reuters.
05/16/2019
UK will not impose deadline on OTs to change residency rules
In the Cayman Islands, premier Alden McLaughlin said the suggestion was "akin to an attempt to take over the territory.