12/12/2019
Changes to the U.S.’s anti-money-laundering regime also have received support from the White House, which in October released a statement commending the passage of the House bill.
12/12/2019
Global macro-economic uncertainty, regional political disruptions, economic substance rules, beneficial ownership registers, regulatory fines and that’s not the half of it!
12/12/2019
More and more rich people are buying art and stashing it in strange places.
12/12/2019
Given that this jurisdiction has been very popular in business planning for the past 15 years, not everyone can safely leave existing business schemes.
12/12/2019
A unique legal entity, the Jersey foundation is often referred to as a hybrid structure because it blends the attractive features of both companies and trusts.
12/12/2019
The amendments introduce long-awaited changes to the definition of “holding entity” to bring Bermuda’s economic substance laws in line with other jurisdictions such that a holding entity means a “pure equity holding entity”.
12/11/2019
Private banking arm of UK lender admits to hiding more than $1bn from authorities
12/11/2019
NAIC has also reaffirmed Bermuda as a qualified jurisdiction, following the completion of its five-year re-evaluation
12/10/2019
The Cayman Island rules are currently being drafted, in conjunction with the development of the reporting system, and will be published in due course.
12/09/2019
The Cayman Islands Court of Appeal provided guidance on how a holder of management shares must exercise their voting rights in circumstances where the fund is contemplating the cessation of business and a voluntary winding up.
12/09/2019
Sources close to the investigation said as recently as July that prosecutors were set to escalate the investigation
12/08/2019
If this steams ahead, there is the potential for a seismic shift that could have a significant impact on cross-border trade and investment.
12/08/2019
We recommend that our clients and prospective clients seek legal advice in Cayman on their specific proposals before taking steps to implement them.
12/08/2019
Swiss financial news sites also linked the bank to an alleged $62 million bribe paid to a PDVSA official.
12/06/2019
Mr Furbert said the Government is committed to continuing to work with the private client pillar, and industry in general, to ensure that Bermuda remains a premier jurisdiction.
12/06/2019
Mr Dickinson instructed solicitors to prepare documentation to transfer the property to his name.
12/06/2019
The conclusions point to significant recent enhancements to the AML regulatory framework.
12/06/2019
The BFSB also arranged high-level meetings for Mr Johnson along with BFSB directors.
12/06/2019
It will no doubt have implications as regulators seek to have KYC information shared globally.
12/06/2019
Therefore the transaction between the Pension Fund and Cable and Wireless is on hold, whilst the law is passed and approved so that the legal process is done.