Managers of Wealth Offshore

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Before the bill was withdrawn, the amendments looked likely to be approved.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

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.

Regulation, Risk & Compliance