08/09/2018
GFSC launches innovation network
It will also create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.
Regulation, Risk & Compliance
08/08/2018
Jersey pushes back over proceeds of crime
Proposals will limit EU-backed anti-money laundering recommendations
08/08/2018
Jersey launches consultation on tax residency claims
They published proposals are part of a consultation, which officials say would allow the island to meet the commitments made in 2017 to the EU Code of Conduct Group on Business Taxation.
08/07/2018
Cyprus clamps down on shell companies
Tax residence benefits are only for businesses that have real substance, says central bank
08/03/2018
JFSC launches online JPF application tool
The online application is ground-breaking for both the JFSC and Industry, and will transform the way in which applications are processed for new licences.
08/02/2018
States of Guernsey seeks business views on Brexit
The findings of the research – commissioned by the Committee for Economic Development, with the Policy & Resources Committee – will be used by the States to inform work to plan for the UK's exit from the European Union.
07/30/2018
What Is The Common Reporting Standard For Expats?
The information is passed to the customer’s home tax authority to check against filings to make sure the right of tax.
07/30/2018
Move afoot in UK to force offshore firms to reveal owners of properties
The owners’ names will appear on a corporate registry, making it easier for law enforcement to seize assets linked to criminals or bought through “dirty money”.
07/30/2018
Sanne Staff Achieve Strong Exam Result
This year marks SANNE’s 30th anniversary.
07/30/2018
Jersey launches AML/CFT consultation
Implementation of the 2012 FATF Recommendations on Anti-Money Laundering and Countering the Financing of Terrorism – proposed revisions to Jersey’s AML/CFT legal framework
07/27/2018
Bermuda’s innovative insurer sandbox
Matthew Carr, Legally Speaking
07/27/2018
Panton expecting busy time at helm of CIMA
I’m looking forward to building on the foundation already established at CIMA
07/26/2018
Draft Registration of Overseas Entities Bill
We're seeking views on this draft bill which proposes the introduction of a register of the beneficial owners of overseas legal entities that own land in the UK
07/26/2018
Caribbean Financial Action Task Force gives Antigua-Barbuda one of the best regional reports
The Financial Intelligence Unit was commended for the accessibility of financial intelligence and other information that it analyzed and generated.
07/25/2018
New ILS structure to combine fund, insurance element
He noted that this model removed the challenges of frequently operating in different jurisdictions, regulation, time zones, accounting rules, audit, and extra layers of administration costs.
07/24/2018
OECD Global Forum rates Guernsey transparency
Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.
07/24/2018
Funds and insurance collide in the development of single ILS structures
A panel debate at ILS Insight also heard about increasing investors demands for transparency.
07/24/2018
OECD updates criteria for blacklisting non-transparent financial centres
In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.
07/24/2018
Barbados working to implement CSME-related decisions
Prime Minister Mottley and officials also examined the Ensuing Work Programme for Barbados
07/23/2018
London Court of International Arbitration's joint venture with Mauritian Government terminated
The LCIA-MIAC was designed to help the Mauritian Government establish Mauritius as an international arbitration hub for the African region with the LCIA’s support.