12/06/2018
In the UK, total penalty figures rose markedly to £866m in 2017 from £71m in 2016, though this can be explained in part by two large penalties issued separately by the Serious Fraud Office and Financial Conduct Authority totalling £673.3
12/06/2018
The new regulation states that that operators, direct and indirect users of the free zones are obliged to report any unusual or suspicious activities, whether or not they carried out.
12/06/2018
The Bermuda Government has committed to enacting new laws by the end of this year to keep Bermuda off the European Union’s list of noncooperative jurisdictions.
12/05/2018
Business being investigated was barely profitable and put up for sale in 2016
12/05/2018
Prosecutors allege Mr Owens and Mr Brauer created and ran sham foundations and shell companies to conceal assets.
12/05/2018
The FBR received the first batch of data about locals’ offshore investments under an international exchange of information agreement in September, but the details about the foreign transactions are still lying unattended in the central databank of t
12/05/2018
The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.
12/05/2018
These regulators will collaborate on the review of this application
12/04/2018
Many accountants and private sector executives view the new regulations as “overkill
12/04/2018
The degree of independence with respect to the operations and budgeting also varies widely across countries
12/03/2018
After a lengthy back and forth between the two, Mr Darville withdrew his claims that the process would not be legal.
12/03/2018
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
12/03/2018
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.
12/03/2018
In addition, the global share of gross estimated potential loss assumed by Bermuda insurers on major catastrophe perils (combined) increased by about 2.0 percent.
11/30/2018
Under the current regime, a notional interest is calculated on the capital made available to the Swiss permanent establishment that leads to a reduced taxable net profit of the Swiss finance branch in Switzerland.
11/30/2018
The event was extremely well attended which is testament to Guernsey’s reputation in the London market and the calibre of speakers including Sir John Sawers, former head of the MI6 Intelligence Service, who delivered the keynote speech.
11/30/2018
Any pre-existing dispensation for a trustee displaying their legal name on the register will automatically remain in place.
11/29/2018
This change means that all regulated funds – those registered or licensed with the Cayman Islands Monetary Authority (CIMA) – as well as unregulated investment entities, such as private equity, venture capital and real estate funds, are caught
11/29/2018
CAB “strongly encourages” Caribbean countries that have not yet done so to ensure that they are compliant with international automatic exchange of information/exchange of information on request (AEOI/EOIR) tax standards in order to avoid the n
11/28/2018
Following this in-principle decision and the successful testing period, the Lendingblock platform is open for institutional onboarding in preparation for launch.