08/01/2019
Estera Nominees Shortlisted In ICSA Jersey Awards 2019
The names of the winners will be announced at the ICSA Jersey Annual Dinner, Awards & Graduation Ceremony on Friday
Regulation, Risk & Compliance
08/01/2019
US Partnership Representative Requirements
The Partnership Representative and any Designated Individual must maintain a “substantial presence” in the US as defined by the updated centralised audit regime.
08/01/2019
Legal action against businesses that fail to comply with Trade Commission decisions
“If the company fails to comply with the directions, then the Commission can institute proceedings against the business before a tribunal or in the court,” added Fahie, who noted that decisions by the Commission can be appealed.
08/01/2019
Privy Council judgement on extra-territorial jurisdiction of cross-border clawback claims in a Bahamian Mutual Fund Liquidation
The Privy Council had to consider each of these legislative provisions in addition to the 1870 Bankruptcy Act as well as numerous cases decided prior to the change of the legislative landscape in England.
07/31/2019
Legislative Assembly passes raft of financial legislation
The jurisdiction must now demonstrate both establishment of legislative framework and effectiveness of such framework, Premier Alden McLaughlin stated earlier in the session.
07/31/2019
Revenue Jersey Ruling on Murabaha Contracts
Commodity Murabaha contacts are commonly used in order to facilitate a Shariah-compliant loan or indebtedness between two parties, this is sometimes referred to as Tawarruq.
07/31/2019
Jersey confirms Sharia-compliant status
Revenue Jersey has today (30 July 2019) published a Statement of Practice, which confirms the tax free status of typical Sharia compliant funding structures.
07/31/2019
Cyprus and Kazakhstan sign convention for avoidance of double taxation
The Convention is also expected to regulate the exchange of banking and other information in line with Article 26 of the OECD Model Convention.
07/31/2019
Global Registration Services -Market Update Q2 2019
Emma Conaty and Erin Meehan provide a global update on issues affecting the cross border marketing and distribution of investment funds.
07/31/2019
Companies 20 years in default to be struck from register
The act explains that while the registrar general does not have to give notice to any company 20 years in arrears of it being struck from the register, the removal will be gazetted.
07/30/2019
JTC Director in top 100 chartered accountants list
Every year it asks industry professionals to nominate chartered accountants under 35
07/29/2019
House: OECD backs economic substance rules
“Indeed, the EU and OECD recognise that the economic substance framework must reflect a level playing field across all equivalent jurisdictions.”
07/29/2019
Mauritius Government hits back on Leaks
The Mauritius Government also accused the ICIJ of trying to harm the island’s reputation and says it has instigated a criminal investigation into an IT system that has been intruded and breached. – Linda van Tilburg
07/29/2019
Bermuda Veterans’ pension boost gets approved
Derrick Burgess, the Progressive Labour Party MP who oversees seniors’ issues, said administrators of veterans’ benefits had wrongly cut from the allowance in the past.
07/26/2019
OECD concludes that The Bahamas legal framework is ‘not harmful’
“This confirmation by the OECD that The Bahamas’ domestic laws are not harmful affirms The Bahamas as a partner in the global fight against harmful tax practices and reinforces to the international community that
07/26/2019
Ministry Presents Annual Reports For Statutory Authorities In The LA
The unqualified opinions essentially mean that the Auditor General has determined the financial positions of each authority have been fairly presented.
07/26/2019
Offshore rules fuel 100 new gov’t jobs
McLaughlin said that the new legislation was not the only thing that the government was doing to comply with the various supra-national bodies
07/26/2019
Economist – ‘look to Jamaica central bank’s money policy’
Citing the most recent International Monetary Fund review under the Barbados Economic Recovery and Transformation programme, Dukharan said Government had met all its BERT targets.
07/26/2019
Growth in Ogier's dedicated Compliance and Take on Team as specialists step up to senior roles
The Risk and Compliance team – which works across the Asian, Caribbean and European timezones – has also been restructured, with key members progressing to new, group-wide roles.
07/26/2019
Appleby Returns as BSX Listing Sponsor
The BSX and Appleby have a long association, and have worked together in reaching new markets, such as Latin America and Asia. Also, in the past, they worked together on the development of the insurance-linked securities space.