02/21/2019
Abraaj’s largest creditor, Kuwait’s Public Institution for Social Security, has filed a petition in the Grand Court for the company’s Cayman entities – Abraaj Holdings and Abraaj Investment Management Ltd. – to be wound up an
02/21/2019
The foreign affairs select committee said today that "those who seek to undermine our security and that of our allies must not be able to use the overseas territories to launder their funds."
02/20/2019
The European Commission said in a statement issued February 13, 2019, that it has adopted a new list of 23 jurisdictions with ‘weak anti-money laundering and terrorist financing regimes’.
02/20/2019
Previous rules, based on common law, placed restrictions on how a will dealing with any asset other than land or buildings would be recognised in the Cayman Islands.
02/20/2019
With the on-going Brexit negotiations causing significant uncertainty across the continent, Cyprus offers a secure and cost-effective European jurisdiction for fund management companies
02/19/2019
The Bahamas will be top of mind for you,” McCartney remarked to an audience that featured a range of service provider and fund management professionals.
02/19/2019
They allowed us to join the task force because we are asking data from Immigration and DOLE on the list of these foreign nationals,” Guballa said.
02/19/2019
Fels pointed out that some of PenSam’s members worked its social and heath assistants in a tax-financed welfare sector.
02/18/2019
In the wake of the scandal, it became harder to launder money through investment in Panamanian real estate for Venezuelans who grew rich on the back of their political connections
02/17/2019
The team on this transaction was led by partner, Portia Nicholson
02/17/2019
European Union stresses objective of listing process is not to ‘name and shame’ countries
02/15/2019
The event will focus on how to maximise productivity in the workforce as technology develops, as well as understanding the changing face of the workplace and workforce.
02/15/2019
McCartney said the government was indeed active in fine-tuning the amendments.
02/14/2019
He argued that the domestic sector, operating solely in Bahamian dollars, was of little to no use to money launderers and other financial criminals
02/14/2019
It thus appears that the EU was dissatisfied with parts of the Act passed in early December 2018, and that The Bahamas was in danger of being re-blacklisted if it failed to adjust the legislation to its satisfaction.
02/14/2019
As all good things seem to come to an end, in late September 2018 the OVDP sunsetted.
02/14/2019
The Small Business Association has been a champion for small business owners and I am proud to support the association in its efforts to assist small businesses.
02/14/2019
This blacklist is only one of a number of assessments the jurisdiction and other countries are facing.
02/14/2019
The Minister for External Relations and I will continue to meet with colleagues in Westminster to ensure that this positive dialogue continues.”
02/14/2019
Luxembourg faces competition from larger freeports inside the EU, such as those in Barcelona and Shannon, and outside the bloc, like those in Geneva and Singapore.