05/09/2019
Malta’s Registry of Companies Set to Run on Blockchain-Based System
The establishment of a standalone agency aims to strengthen the internal management structure of the Registry.
Regulation, Risk & Compliance
05/09/2019
BOV, Malta Chamber strengthen ties for benefit of Maltese businesses
The Chamber and the bank are looking forward to continue building on the strong relationship they enjoy, by organising seminars on priority matters that add value to the business community such as occupational pension schemes, family businesses, access to
05/09/2019
Borders Council caught in tax haven payments scandal
The Cayman Islands connection came about because the estate is owned by two companies registered in the Caribbean tax haven.
05/09/2019
The Bahamas – A Future Hub for Fintech Banking aided by Deltec International
Bahamian entrepreneurs can use this fintech platform to create a financial service business based on a new operating model.
05/08/2019
UK company register eyes more powers to fight fraud
Amid criticism it is imposing public beneficial ownership registers on overseas territories
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/08/2019
IFC invests Sh5bn in new Helios fund
“The proposed project is for an equity investment of $50 million, not to exceed 20 percent of total committed capital.
05/08/2019
Guernsey, Isle of Man, Jersey publish tax guidance on economic substance
All companies with activities and income these sectors must demonstrate that they have adequate substance in the country and must meet reporting requirements.
05/08/2019
Bovell: Economic substance rules can be great for Cayman economy
At the end of the day, it is up to the company in question as to whether they feel the advantages of setting up a Cayman company outweigh the fact that they must relocate part of their business here.
05/08/2019
GFSC's 2018 annual report
On the financial front, 2018 was a strong year for the Commission in terms of income
05/08/2019
Commissoion Issue 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.
05/07/2019
Criminals and kleptocrats will find it harder to launder money in U.S. if bill passes
That’s one reason the U.K.-based Tax Justice Network last year named the United States the globe’s second most financially secretive jurisdiction, behind Switzerland and ahead of the Cayman Islands.
05/07/2019
HMRC Makes Reclaiming QROPS Transfer Charge Easier
The main reason for such a claim would be an expat moving to the same country as where their QROPS is based.
05/07/2019
Jersey partners with Bahrain on digital innovation
"Today is a landmark day in the story of Jersey's growing and thriving tech sector.
05/07/2019
Germany so far has 150 tax evasion cases stemming from Panama Papers
The so-called Panama Papers, released in spring 2016, stemmed from the offices of the Panamanian legal firm Mossack Fonseca and detailed a complex web of offshore dealings by wealthy individuals, politicians and celebrities around the world.
05/06/2019
Cayman Funds – how to prepare for the Data Protection Law
Drafted around a set of internationally recognised privacy principles, the new law provides a framework of rights and duties designed to give individuals greater control over their personal data
05/05/2019
Guernsey funds association rebrands
GIFA’s new Chairman Christopher Jehan said the new name better reflected the firms and individuals GIFA now represents following the merger.
05/05/2019
Public registers showdown can be avoided
The Bermuda Government has opposed that ever since, on the grounds that if other countries are not required to do it, it would cause the island economic damage.
05/03/2019
Jersey and Bahrain sign digital innovation agreement
The agreement will see Jersey and Bahrain working to promote the benefits of businesses operating in each other’s locations, further collaboration of women in the sector, and an opportunity for members of Digital Jersey and Bahrain FinTech Bay to us
05/03/2019
The future of reverse solicitation in the EU in the context of the AIFMD
This flexibility allows promoters to avoid launching projects which would not find favour with investors with the consequent advantage of saving costs and time.