02/07/2020
“The amendments also expand the provisions for sharing information with other regulators and adjusts the transitional period for the investment funds act 2019 to facilitate adjustments being proposed in the amendment bill itself.”
02/07/2020
Only business line not to make a profit in 2019
02/07/2020
The Registrar of Companies in Mauritius has issued a practice direction relating to the disclosure of beneficial ownership by companies and any other entities such as partnerships and foundations.
02/07/2020
As well as focusing on financial crime, over the next four years the JFSC will prioritise developing its approach to supervising businesses and strengthening its own organisational resilience.
02/07/2020
McLaughlin reminded lawmakers that visas and entry of people into the country are considered a matter of national security.
02/07/2020
The buyout is subject to regulatory approval, which is expected to take place in the coming months.
02/06/2020
The survey has to be initiated and submitted within the eDesk by a member of the management of the supervised entity (preferably the AML/CFT compliance officer), while the completion might be entrusted to another employee of the entity, without prejudice
02/06/2020
The Law gives the registrar the power to strike off a Jersey company from the register.
02/06/2020
The other win was for Cazenove Capital, which was confirmed as Crown Dependencies Investment Management Company of the Year.
02/06/2020
DAC6 can apply to transactions where no tax advantage results and transactions which are driven by purely commercial as opposed to tax planning motives.
02/05/2020
In anticipation of the UK's withdrawal from the EU, the Commission de Surveillance du Secteur Financier provided an update in respect of the status of the transitional period foreseen by the Brexit laws and the mandatory notifications procedure imple
02/05/2020
The total value of premiums at the end of 2019 was over $18 billion, a rise of $2.6 billion from 2018, with assets, $68.9 billion in total assets—an increase of almost $10 billion over a two-year period.
02/04/2020
After MAS launched VCC framework, it has been running a pilot programme for selected Permissible Fund Managers who wished to register a new investment fund as VCC or re-domicile a foreign corporate entity as a VCC.
02/04/2020
Reasonable suspicion of money laundering in Enemalta deal
02/04/2020
Speed of regulatory change a challenge but new opportunities in Asian markets
02/04/2020
These bills seek to provide clarification of what constitutes a beneficial owner and corporate service provider responsibilities in gathering, recording and filing such information with the Registrar of Companies.
02/04/2020
It cited an African cybersecurity study by Demadiur Systems Limited, which revealed that banks, insurance companies and government institutions in Nigeria spent an estimated sum of $270.22m in 2018 to prevent cyberattacks.
02/04/2020
Subject to criminality checks, they are either granted a Pre-Settled Status or Settled Status, depending on whether they have lived in Jersey for less or more than five years.
02/04/2020
Queen's Counsel Michael Furness was hired in October 2018 to draft this piece of legislation for the territory's financial services industry as it needed to meet EU requirements to avoid being put on a blacklist.
02/04/2020
The reinsurance covers Radian’s eligible mortgage insurance policies in January through September 2019, excluding single premium payment policies.