03/04/2019

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-

03/04/2019

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.