Managers of Wealth Offshore

European Commission To Create New AML Blacklist

All of the 28 member states voted to block the list from being made public last week.

CBDT allows offshore fund managers to operate from India

Bunch of fund managers recently got pre-approval from CBDT

US Citizenship Specialists, American Dream, to Focus on Middle East Investors

EB-5 citizenship-by-investment programme extended until end of September 2019

National debt reaches over $8 billion

The country’s debt to GDP ratio was not stated for the end of 2018 in the report.

Campaigning MPs claim 'UK has legal powers to force public register

These registers are important if we are to fight corruption, money laundering and terrorist financing.

Beware the powers of Unexplained Wealth Orders

Twelve months since UWOs were first made available to law enforcement, what initial assessment can be made of the Criminal Finance Act's efficacy?

Swedish Bank Exit Is Estonia’s ‘Ultimate Concern’ After Scandals

Money laundering allegations have put spotlight on the Baltics

JTC granted Luxembourg professional depositary licence

The new licence also complements JTC’s non-EU solution

Britain Crackdowns On Its Wealthy Money Launderers

The announcement comes barely a week after a data leek revealed how suspicious Russian money had flowed to the U.K. under a scheme dubbed the 'Troika Laundromat’.

LMAX Exchange receives Gibraltar crypto license

LMAX Digital was launched in May 2018 becoming the first crypto currency exchange established by a regulated FX exchange operator and the only deliverable crypto currency exchange dedicated to institutional clients.

Jersey finance regulation standards ‘the highest’

Before the bill was withdrawn, the amendments looked likely to be approved.

Discussion Paper on Proposals to Create a Single Fiduciary Handbook and Revise Pension Rules

Responses to this Discussion Paper will be considered by the Commission with a view to consulting on detailed policy proposals in due course.

Appointment of 'Soft Touch' Provisional Liquidators in the BVI

The court accepted that the appointment of provisional liquidators was necessary for the purposes of maintaining the value of the assets owned or managed by the Applicants, and aiding their possible restructuring.

Bermuda politicians plan debate on FAC report

The UK government postponed the debate when it realised that it would not be able to defeat the proposed amendmente sitting, there is no indication it will be part of the formal order of business.

Report: EU Considering Blacklisting Bermuda

Bermuda, while not listed as a “non-cooperative jurisdiction,” was placed on a secondary list along with over 60 other nations and territories.

EDITORIAL – Public registers: A brief respite in an ongoing war

Clearly, months of efforts to illuminate the practical and philosophical flaws in her proposal have had no effect.

Dirty money list rejected

The commission said The Bahamas had “strategic deficiencies” in its anti-money laundering and counter-terrorist financing legislation.

Swedbank CEO ‘Humble’ After Laundering ClaimsSwedbank CEO ‘Humble’ After Laundering Claims

But Bill Browder, an investor known for chasing money launderers, says he has evidence supporting the television report, adding that he plans to file a criminal complaint against Swedbank.

EU nations reject Commission money laundering blacklist

The list is used to increase checks and investigations on financial transactions from those countries and territories to find suspicious money flows.

PM Harris Government unclear on CBI programme’s transparency

As WIC News reported in January, Transparency International was unable to include St. Kitts and Nevis on its Corruption Perception Index

Regulation, Risk & Compliance