Managers of Wealth Offshore

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

UK partnerships moved billions through Baltic to Europe, data shows

Banking leak reveals how LLPs allowed people to move money under the radar

CARICOM Accuses The EU of Assaulting Caribbean Economies

We had extensive discussions on the issue of blacklisting

Credit Agricole shares drop on money laundering allegations report

The OCCPR said its report was based on leaked documents detailing transactions worth more than $470 billion (357.5 billion pounds) sent in 1.3 million transfers from 233,000 firms.

Specialist service set up to support fund sector boards

At a roundtable event to launch the initiative Sir Geoffrey Rowland provided an introduction from an independent perspective.

Extension of beneficial ownership register to overseas territories delayed

The issue was raised in a question on money laundering in the House of Commons on 5 March, when Lib Dem leader Sir Vince Cable questioned the minister on plans for extension of the transparency register.

Central Bank of The Bahamas selects digital currency provider

“The Central Bank expects that at the conclusion of this project all residents in The Bahamas will have equal, expanded access to modernised digital payments capabilities.

FBR launches action in 1,199 cases of offshore assets Collects 6.554b

The FBR has established offshore taxation Commissionerate for quick scrutiny of the cases of foreign assets of the Pakistanis and jurisdictions of all 1,199 cases were transferred to this newly established Commissionerate.

Bill to make Channel Islands reveal tax secrets abandoned

The government faced a revolt over a cross-party call for the Crown Dependencies

MPs hijacking Brexit legislation do not understand offshore tax havens

These MPs were frothing with outrage after the Government pulled a bill that they had hoped to use as a vehicle to impose new transparency rules on Britain’s crown dependencies.

Guernsey welcomes deferral of the Financial Services (Implementation of Legislation) Bill

The States of Guernsey and the island’s financial services industry welcomed the late withdrawal of the Bill

US lashes out at Brussels over failed dirty money blacklist

Gordon Sondland, US ambassador to the EU, branded the exercise a "ridiculous waste" after a rare unanimous revolt by the bloc's 28 countries upended the effort to name and shame almost two dozen jurisdictions alleged to be sources of money-

Offshore gets rule book on economic substance

Certain companies and entities registered in the Cayman Islands and other offshore jurisdictions must now have core income generating activities in this jurisdiction.

Swiss 1,000-franc note to get makeover amid international calls the bills aid crime

A revamped design is due to be unveiled on March 5, in defiance of controversy

Politics enters the global battle against money laundering

Policy has become vulnerable to interference and manipulation

Government Issues Economic Substance Guidance

The guidance booklet does include explanations for what it considers adequate in some specific sectors.

Regulation, Risk & Compliance