03/04/2019
The additional data is expected to offer a benchmark as to market share of supervised financial institutions and provide a better understanding of the size and complexity of the industry.
03/03/2019
Islands object to beneficial ownership proposals
The proposed amendments attempt to impose public registers of beneficial ownership for all Crown Dependencies and Overseas Territories.
03/03/2019
Tory MPs demand that Jersey, Guernsey and Isle of Man reveal names of corporate owners
03/03/2019
Such an agreement would establish legal parameters for the relationship between the two entities and increase prospects for cooperation.
03/01/2019
Entities are not only obliged to provide information to the RBE, but also to hold such information, including supporting documents, at their registered office.
02/28/2019
This is despite the fact that the Cayman Islands government, as is its custom, adopted and has implemented most of the safeguards and hoop-jumping required to placate the task force – for now, at least.
02/28/2019
China has recently introduced a series of cybersecurity and data protection regimes which can and will affect the operation of the banking and finance sector.
02/27/2019
Тhe EU directive sets a new legal framework for European financial regulators to monitor crypto-related businesses and service providers in order to protect against money laundering and terrorism financing.
02/27/2019
Permanent Capital intends to grow BCB into a full-service commercial bank.
02/26/2019
Mr. McLaughlin did not go into specifics, but statements have been made in recent public hearings that demonstrate Cayman’s struggles to meet FATF standards.
02/26/2019
Guernsey is positioned at the forefront of the development of green and sustainable finance as a member of the UN’s International Network of Financial Centres for Sustainability
02/26/2019
Although there are some delays, in 2019 the vast majority of committed countries will be exchanging information under the Organisation for Economic Co-operation and Development’s (OECD) common reporting standard (CRS).
02/25/2019
The world’s most developed nations tend to favour low tariffs, while poorer countries have retained higher trade barriers
02/25/2019
What annoys me is that if the people behind the report were to get into power
02/25/2019
Four months into the job, the governor believes he has already done much to restore “trust and confidence.”
02/22/2019
Your taxes OECD proposals for a digitized economy
Taxation based on marketing intangibles may reflect, for example, trademarks, trade names, customer lists, customer relationships, proprietary marketing and customer data.
02/22/2019
Bahamas Signs $12 Million Bilateral Agreement With China for Economic and Technical Cooperation
Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo said that today was a ‘good’ day for the two countries.
02/22/2019
Transatlantic tensions over dirty money
The US and EU governments are unhappy with Brussels’ money laundering blacklist
02/22/2019
Butterfield to sharpen cost-cutting focus
In the fourth quarter, Butterfield reported $1.2 million in redundancy costs and a $14.6 million increase in salaries and other employee benefits due to new teams to service its expanded trust business.
02/22/2019
Virgin Islands launch new BEPS measure
The VI’s most recent measure came in the form of amendments to the Mutual Legal Assistance (Tax Matters) Act