Managers of Wealth Offshore

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.

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.

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.

JTC Director in top 100 chartered accountants list

Every year it asks industry professionals to nominate chartered accountants under 35

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.”

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

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.

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

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.

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

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.

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.

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.

Cyprus regulator and certified accountants join forces to fight money laundering

The MoU was signed by CySEC chairwoman Demetra Kalogerou and ICPAC chairman Demetris Vakis

Switzerland abolishes bearer shares

The abolishment of bearer shares is all encompassing, and from the 1st January 2020, no Swiss company will be able to issue bearer shares – even if they are able to do so currently.

European Commission Calls for Tougher Action on Money Laundering

One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering

Navigating Economic Substance

The requirement to show Economic Substance is primarily aimed at preventing what is called “base erosion and profit shifting”.

CYPRUS: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers

The Guidance is aimed at TCSP practitioners, countries and their competent authorities

OECD says Cayman tax regime not harmful

Tara Rivers was expected to present several amendments to the LA to ensure that Cayman meets the latest raft of international standards, while the OECD-led 131-country coalition has given Cayman the nod of approval.

Financial services bills dominate Legislative Assembly agenda

Despite the lengthy list of legislation, the sessions is expected to last only three days.

Regulation, Risk & Compliance