12/07/2018
Jersey government approves int'l savings plans for overseas employees
The ISPs are designed to be tailored to meet the needs of employer and employee, enabling a payout to employees when their employment ends
Regulation, Risk & Compliance
12/07/2018
ACCA signs major three-year deal with international firm Vistra
Vistra provides solutions ranging from company formations to trust fiduciary, private client services, fund administration and corporate services in the areas of finance, law and accounting.
12/07/2018
Guernsey financial services policy framework offers positioning, principles and priorities
The new framework to develop financial services in Guernsey will give clear positioning, principles and priorities for the island’s promotional agency, Guernsey Finance.
12/07/2018
Economic development and Guernsey Finance publish finance sector policy framework
The Policy Framework sets out an approach to create leadership for Guernsey’s finance sector built on a range of global specialisms.
12/07/2018
Victims to hit out at Malta’s ‘shameful’ financial services
Ominous countdown to send emails to millions of investors warning them to avoid the Mediterranean island
12/06/2018
Derivative actions in the name of Bermudian companies: when is judicial leave required?
One question to which the new provision gives rise is whether it applies to any proceedings in the name of a Bermudian company, wherever commenced.
12/06/2018
Six percent of Cayman Islands protected under conservation law
Booby Pond on Little Cayman, the Crown-owned land at Barkers, and large swathes of land in the Central Mangrove Wetlands are among the areas preserved for future use so far.
12/06/2018
Duff & Phelps highlights regulatory rethink
In the UK, total penalty figures rose markedly to £866m in 2017 from £71m in 2016, though this can be explained in part by two large penalties issued separately by the Serious Fraud Office and Financial Conduct Authority totalling £673.3
12/06/2018
New money laundering decree for free trade zones in Uruguay
The new regulation states that that operators, direct and indirect users of the free zones are obliged to report any unusual or suspicious activities, whether or not they carried out.
12/06/2018
BERMUDA: Island faces ‘substance’ challenge
The Bermuda Government has committed to enacting new laws by the end of this year to keep Bermuda off the European Union’s list of noncooperative jurisdictions.
12/05/2018
German criminal probe zeroes in on tiny unit sold by Deutsche Bank
Business being investigated was barely profitable and put up for sale in 2016
12/05/2018
Panama Papers: Four charged in US with fraud and tax evasion
Prosecutors allege Mr Owens and Mr Brauer created and ran sham foundations and shell companies to conceal assets.
12/05/2018
FBR drags feet over action on untaxed offshore investment
The FBR received the first batch of data about locals’ offshore investments under an international exchange of information agreement in September, but the details about the foreign transactions are still lying unattended in the central databank of t
12/05/2018
Mauritius tax authority issues guidance on place of effective management
The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.
12/05/2018
ECCB calls for calm, as it reviews application for sale of Scotiabank's operations
These regulators will collaborate on the review of this application
12/04/2018
BAHAMAS: Accountants Await Business Licence Regulation Change
Many accountants and private sector executives view the new regulations as “overkill
12/04/2018
Bahamas Urged: ‘Heed’ Fiscal Council Warning
The degree of independence with respect to the operations and budgeting also varies widely across countries
12/03/2018
Senate Backs Bid To Use Dormant Bank Funds
After a lengthy back and forth between the two, Mr Darville withdrew his claims that the process would not be legal.
12/03/2018
Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
12/03/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.