11/27/2019
Cayman National Bank IOM confirms customer account details stolen in hack
The bank warned stolen details could be used for "fraudulent purposes" and said it would contact customers affected.
Regulation, Risk & Compliance
11/27/2019
Vattenfall chief calls for 'EU-level offshore vision'
Industry facing “unprecedented pressure” Gunnar Groebler tells Offshore2019 delegates
11/27/2019
11 POGO branches shut due to tax violations, BIR says
The government has intensified its crackdown on illegitimate operations following a plea from China to "punish" firms that illegally recruit its nationals.
11/26/2019
Why Guernsey and Jersey should be in your UK/European tool kit
The mature and stable regimes of the Channel Islands offer Asia-based managers an efficient hub to manage capital flows across the world, write Carey Olsen's Andrew Tually and Susan McKinstray.
11/26/2019
Switzerland pushes for more financial transparency
The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.
11/26/2019
Bermuda Updates Outsourcing Guidance
This guidance will come into force on 1 May 2020 and replaces previous guidance on outsourcing issued in 2007.
11/26/2019
Switzerland pushes for more financial transparency
The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.
11/25/2019
Summary of key points of additional implementation guidance on CbC reporting
The guidance clarifies that, consistent with the definition of revenue, profit (loss) before income tax (PBT) excludes payments received from other constituent entities that are treated as dividends in the payer’s tax jurisdiction.
11/25/2019
Luxembourg Updates: CSS AML/CFT Investment Market Entry Forms
Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, issued a press release regarding the availability of two AML/CFT investment market entry forms.
11/25/2019
Ogier Latin American team bring their expertise to CAIS Brazil
They will be taking part in panel discussions which also feature presentations from investor, hedge fund manager and philanthropist Mark Yusko and Jude Scott, CEO of Cayman Finance.
11/25/2019
Economic substance requirements for Jersey companies
EU Finance Ministers signalled their approval of the Substance Law by whitelisting Jersey on 12 March 2019.
11/25/2019
Policy & Resources Committee publishes detailed Economic Substance guidance
The additional detail published today on how these rules work in practice builds on the guidance issued when the legislation was made.
11/22/2019
Past Govts 'Negligent' On $160m Btc Pension Hole
The agreement also required the government to make annual “top-ups” to the plan as required to cover any future payments, but neither these injections nor the original $39m payment were ever made.
11/22/2019
Changes to US Visa system will impact Caymanians
Seibel says just about 1,400 Caymanians apply for US visas each year.
11/21/2019
Blacktower opens ‘fully regulated’ Cayman business
To offer financial planning services on the island EmailFacebookTwitterLinkedInPrint
11/21/2019
ECB flags failings in dirty-money screening at Malta's top bank
BoV said it was strengthening its risk controls, governance structure and anti-financial crime defenses and said customers who operated in the gaming industry, a key business in Malta, were most at risk of being hit by remedial measures.
11/21/2019
ECB flags failings in dirty-money screening at Malta’s top bank
BoV said it was strengthening its risk controls, governance structure and anti-financial crime defences and said customers who operated in the gaming industry, a key business in Malta, were most at risk of being hit by remedial measures.
11/21/2019
Deadlines loom for overseas property investors
Most EU civil law jurisdictions had no concept of trusts, which meant it was assumed the structure and therefore the property fell outside the domestic tax system,"adds Porter
11/21/2019
Bahamas Government to introduce pension plan for new employees
The move to a defined contribution type pension plan falls in line with recommendations by the International Monetary Fund (IMF).
11/21/2019
New Guidance on Cayman Monetary Penalty Orders under the Data Protection Law 2017
The guidance, dated 7 November 2019, concerns the Ombudsman’s ability to serve a data controller with a monetary penalty order