03/13/2019
Guernsey satisfies EU business substance requirements
“This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.
Regulation, Risk & Compliance
03/13/2019
New MoU between JFSC and FCA will give managers added certainty and confidence, says JFA
Jersey Finance CEO, Joe Moynihan, says: “This MoU is a precautionary measure and should give managers using Jersey for their fund structuring added confidence."
03/13/2019
EU Recognises Jersey as a Cooperative Jurisdiction
“The expectation is that, given the high professional standards and commitment to good corporate governance that already exists in Jersey, most companies will readily be able to demonstrate that they meet the new substance requirements.”
03/13/2019
Guernsey confirms continuity of UK market access for funds post-Brexit
GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.
03/13/2019
Q&A - New AIC Code and implications for LSE-listed offshore companies
The AIC Code is a framework of best practice in respect of the governance of investment companies.
03/12/2019
Money laundering concerns justify Jersey intervention, say MPs
Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security
03/12/2019
Cayman Islands: Greater Willpower – The Cayman Islands Enhances Its Wills Regime For Foreign Testators
Legal systems themselves can sometimes impose restrictions on its citizens concerning the disposal of property on death.
03/12/2019
A binary future? How digitalisation might change banking by Andrea Enria
The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.
03/12/2019
EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing
Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.
03/12/2019
Guernsey satisfies EU business substance requirements
This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.
03/11/2019
Country-by-country reporting guidance notes released
Affected companies are recommended to review the CbC reporting guidance notes in full and to understand the impact on their business.
03/11/2019
Ireland does well on shadow economy policy
They are compliant and make their returns to the taxman.
03/11/2019
Big banks including HSBC, Barclays and Bank of Ireland face £11bn bill for fuelling celebrity tax dodge schemes
In its annual report last month, HSBC admitted that the impact of legal claims against it, if successful, could be ‘significant’.
03/11/2019
European Commission To Create New AML Blacklist
All of the 28 member states voted to block the list from being made public last week.
03/11/2019
CBDT allows offshore fund managers to operate from India
Bunch of fund managers recently got pre-approval from CBDT
03/11/2019
US Citizenship Specialists, American Dream, to Focus on Middle East Investors
EB-5 citizenship-by-investment programme extended until end of September 2019
03/11/2019
National debt reaches over $8 billion
The country’s debt to GDP ratio was not stated for the end of 2018 in the report.
03/11/2019
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.
03/11/2019
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?
03/11/2019
Swedish Bank Exit Is Estonia’s ‘Ultimate Concern’ After Scandals
Money laundering allegations have put spotlight on the Baltics