06/20/2019
The government had tried since 2005 to convince parliament to adapt Swiss law, while in 2015 the OECD said it considered Swiss attempts to tighten rules on bearer shares insufficient.
06/20/2019
Escrow agreements are ideal for this kind of transaction because a buyer might be purchasing something they’ve not seen in person or had authenticated by a trusted party they’ve been able to appoint themselves.
06/20/2019
As an industry, we are now looking ahead to working together with government and other partners to move forward
06/20/2019
The move follows sustained pressure on the islands to do their part of tackle tax avoidance.
06/20/2019
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/20/2019
Failure to complete and submit the forms by the 15 August 2019 deadline could result in deregistration of the excluded person.
06/19/2019
The Cayman Islands-based broker, together with California-based stock promoter Gannon Giguiere and three others, is accused of having participated in penny stock pump-and-dump schemes that purportedly netted the defendants $1.57 million in proceeds.
06/19/2019
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/19/2019
The Crown Dependencies (Jersey, Guernsey and the Isle of Man) have announced a joint policy commitment as to “ultimate beneficial ownership” information.
06/19/2019
In recent months, tax advisories such as EY and Smith & Williamson noted that Dominica's CBI Programme is not a risk to tax reporting either.
06/19/2019
The European Union anti-money laundering rules say that a public beneficial ownership register is essential in the efforts to combat the misuse of shell companies to hide money.
06/19/2019
The Brexit movement ignores these facets of Singapore’s experience and focuses on the opacity of its financial system instead, privileging the flaw at the expense of the features.
06/19/2019
Jersey, Guernsey and the Isle of Man said in a joint statement they would bring forward legislation for public access to a central register within 12 months of an EU anti-money-laundering review which is due in January 2022.
06/19/2019
In many cases, the board meetings happen in Mauritius, directors are in Mauritius but the control and management is actually not in Mauritius.
06/18/2019
Among the Canadian captives being formed in Bermuda could be the first to manage cannabis-related risks, with the drug having been legalised in Canada.
06/18/2019
This feedback gave me clear ideas on how Jersey Finance can improve engagement with our diverse membership base.
06/18/2019
Accordingly, for certain tax exempt investors in the UK or elsewhere this may be a very attractive option and allow a traditional tried and tested method of UK real estate holding to continue.
06/18/2019
The questions in this Guide should be considered to determine whether the substance test applies to a company and whether that test will be met.
06/17/2019
The network is now 25-strong, with Tokyo and Beijing joining last month.
06/17/2019
Guernsey has over 100 regulated trust companies providing the breadth and depth of expertise in the island to hold its own and provide international clients with a one-stop shop for wealth management.