11/12/2018
France to hunt for tax cheats on social media
The idea is to identify potential frauds by analysing publicly-available data on individuals' social media accounts, Darmanin said, according to excerpts of the show to be broadcast on Sunday.
Regulation, Risk & Compliance
11/12/2018
Central Bank Of Bahamas Deliberates About Regulatory Framework For Cryptocurrencies
The country’s government which is reportedly looking forward to using blockchain technology to get rid of corruption
11/12/2018
Cyprus: New guidelines on shell companies improves anti-money laundering practices
Not defined as shell companies are holding companies of entities engaged in legitimate businesses and that have identifiable ultimate beneficial owners.
11/12/2018
Regulators are taking a tough stance on golden visas
As demand for residency or citizenship in EU member states grows, the golden visa schemes are under intense scrutiny from regulators for making it too easy for organized crime figures, tax-evaders, and people whose wealth cannot be easily explained to ge
11/08/2018
States issues guidance for proposed taxation law
The document – Key aspects in relation to proposed economic substance requirements, as issued by Guernsey, Isle of Man and Jersey – will give practical help on how the proposed law will be implemented.
11/07/2018
Malta faces high money laundering risk
Study reveals weaknesses in controlling cash movements at ports of entry
11/07/2018
IoM Conduct of Business code published
One of the key areas within the document relates to companies in some instances being given the choice to disclose commission either as a percentage of the investment or a monetary amount.
11/07/2018
AEOI – the consequences of non-compliance and the request to correct
Preparations should be well underway, to assess and ascertain the FATCA compliance status of your organisation.
11/07/2018
CIMA demands anti-money laundering audits from excluded persons
Although excluded persons were always subject to anti-money laundering and combating terrorism financing regulations, the new obligations are tightening up the somewhat laissez-faire excluded persons regime.
11/06/2018
Higher penalties for offshore matters
An offshore matter is where the potential loss of tax is charged on
11/06/2018
Flourishing Futures - Helping Trustees Prepare for the Next Generation
This includes the transfer of individual influence in existing wealth-holding structures.
11/06/2018
Cayman issues four captive licenses in Q3
The total number of licenses issued for the period is down year-on-year, where there were seven new Class B formations in Q3 2017, including two third-party insurers.
11/06/2018
OfReg consultancy expenses balloon to $2 million
Money spent on ‘human dynamics training,’ Professor Fibre, and more
11/05/2018
Labuan IBFC likely to lose shine
Labuan will see restructuring in tax treatment and new conditions come to force on transactions involving entities from the offshore and mid-shore centre as well as abolishment of current conditions.
11/04/2018
John Berryhill explains why moving to an offshore registrar is not always a good idea
Where a TOS refers to the “applicable law”, it is a good idea to find out what that applicable law may be.
11/02/2018
Guernsey States approves proposals for Electronic Agents Legislation
Whilst the Electronic Transactions Law was drafted with a degree of “future proofing” in mind, and is arguably sufficient to encompass many of the uses of technology that exist today, the certainty that the new legislation will bring is to be
10/31/2018
Bahamas placed on UK’s money laundering watchlist
Under the UK’s Money Laundering, Terrorist Financing and Transfer of Funds law British regulated businesses are obliged to “take into account geographical risk factors” when assessing risk and the extent of anti-money laundering measures
10/31/2018
Enhanced certainty regarding the use of electronic agents
The new legislation will permit the formation of a contract by the interaction of electronic agents
10/31/2018
Bill extends beneficial ownership register to LLPs
The beneficial ownership regime does not directly apply to “foreign” companies or partnerships, but the bill would now extend it to LLPs.
10/31/2018
Overview of changes to Experienced Investor Fund and Statement on Funds investing in digital assets
The most important change to the EIF regime, introduces new criteria, used to determine those persons who are considered eligible by the GFSC, for the management and control of an EIF.