05/10/2019
Congress hits new speed bump in effort to restrict shell companies
It was unclear whether the bill was in peril or will simply be voted on later.
Regulation, Risk & Compliance
05/10/2019
CIBC's FirstCaribbean Bank officially withdraws $226 million US IPO
Barclays, UBS Investment Bank and CIBC were set to be the joint bookrunners on the deal.
05/10/2019
St Kitts and Nevis continues to tumble in World Bank’s Ease of Doing Business
In the English speaking countries of the Caribbean, St Kitts and Nevis is second to last both in the OECS and in CARICOM.
05/10/2019
Jersey could help other small jurisdictions develop laws
Professor Claire de Than set out her argument in her regular JEP column published in yesterday’s edition.
05/10/2019
GFSC releases 2018 Annual Report
On the financial front, 2018 was a strong year for the Commission in terms of income
05/10/2019
Malta’s Registry of Companies Becomes First to Run Blockchain System
The Registry previously de-merged from the parent Malta Financial Services Authority last year
05/10/2019
Exclusive: GMI Group Acquires Mauritius Regulatory License
The brokerage company is adding a new license to its portfolio
05/10/2019
Commission issues Thematic Review on Beneficial Ownership
An estimated 3,000 data sets were received and analysed, including from a questionnaire sent to all full and personal fiduciary licensees.
05/10/2019
Walkers Acts on Carlyle's $6.7 Billion Acquisition of Sedgwick
The Transaction was effected by way of a series of connected Cayman Islands and United States mergers
05/10/2019
Central Register of Beneficial Ownership of Corporates – Website Goes Live
No filing fee will be charged for registering and filing beneficial ownership information.
05/10/2019
Future support for nature in UK Overseas Territories
The UK Government launches a Call for Evidence on safeguarding biodiversity in the UK Overseas Territories.
05/10/2019
Can you Keep a Secret? Publishing the Identity of Ultimate Beneficial Owners
The UK Government is now turning its attention to the hotly debated issue of UBO transparency in British Overseas Territories and Crown Dependencies.
05/10/2019
Jamaica Government partners with World Bank to develop cat bond
The World Bank provided much of the support needed to help the government begin developing the cat bond, which is an investable capital market instrument.
05/10/2019
Bermuda ILS sector will move sustainable finance agenda forward: BSX
BSX added that many of its listings - in particular for the ILS sector - are developing products that it suggests will move the sustainable finance agenda forward.
05/09/2019
Strike Out Applications: The Perils of Putting the Cart Before the Horse
In applying the above principles, the CICA formed the view that the Petitioner's complaints were more wide-ranging than the Judge had found
05/09/2019
The British Virgin Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development
The British Virgin Islands was one of the first countries to agree to implement the AEOI under the CRS (referred to as the “Early Adopter Group”)
05/09/2019
BVI Probate in Practice
The New Rules didn't introduce any fundamental changes to the BVI probate process
05/09/2019
Register of Beneficial Ownership Act: a new day for beneficial owners
The search system will allow for the name of individuals or entities to be searched and restrains designated persons from informing any other person of a search being conducted.
05/09/2019
Govt Investment Control ‘Will Not Fly’ Under Wto
But Ramesh Chaitoo, one of the co-authors, said such a tariff “trade-off” could ultimately boost the Bahamian economy by removing an “opaque” approvals process that likely deters some investors due to the lack of transparency.
05/09/2019
How multinationals shift billions in revenue offshore and what Labor plans to do about it
On Tuesday, shadow treasurer Chris Bowen said a Labor government would introduce a "Tax Haven Blacklist", including places like the Cayman Islands and Bermuda.