05/02/2018
Financial Literacy Campaign Launched
The campaign features a website highlighting monthly educational videos, blog posts, and tools that seek to enable persons to make smarter choices with their funds.
Regulation, Risk & Compliance
05/02/2018
Britain backs legislation that could squeeze Caricom associate members
The amendment would require the UK Government to take steps to provide that British Overseas Territories establish publicly accessible registers of the beneficial ownership of companies.
05/02/2018
How Britain is finally fighting back against dirty money in our tax havens
Every year, more than a trillion dollars are stolen from the poorest countries on earth.
05/02/2018
How UK’s anti-money laundering bill affects BVI
The amendment mandates that public registers of beneficial ownership be imposed on the BVI and other British Overseas Territories by the year 2020.
05/01/2018
Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership
This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.
05/01/2018
Chief Minister Meets UK Ministers to Address Constitutional Concerns with Amendments to Sanctions and AML Bill
“The speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.”
05/01/2018
Regional groups defend BVI; UK votes on financial services today
Both CARICOM and the OECS have lambasted the UK for being ‘discriminatory’ to their British territories.
05/01/2018
Bermuda House of Assembly passes ICO Act
The Act affects those who are interested in creating, promoting, investing in and using ICOs and digital assets as well as companies who are seeking to raise capital through initial coin offerings.
04/30/2018
NCB Touts Milestone Profit, To Face Regulator Over GHL Offer
"We do not know what is going to happen. I cannot make a prediction about what we will or will not do. In any event, we are unlikely to have a result on May 15. It is just the date of a hearing,"
04/30/2018
Dolfin Awarded Custody And Depositary Licence In Malta
Malta’s financial services sector is experiencing a strong period of growth. It currently contributes just over 12 per cent of Malta’s GDP.
04/30/2018
Lead shareholders remain hidden despite transparency rules
Corporate register shows 13% of companies fail to name ‘persons of significant control’
04/30/2018
Dolfin awarded custody and depositary licence in Malta
The main beneficiaries are expected to be Malta-based collective investment schemes and trusts or other wealth structures that need a local custodian or depositary.
04/30/2018
Guernsey sets sights on promoting global connections
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/29/2018
UK searches for compromise over offshore ownership registers
Ministers try to broker deal to avoid defeat in parliament
04/29/2018
Vatican law seeks to keep charities, donations clean
Going forward, the current leadership has proposed changes that would eliminate a three-person board of auditors.
04/29/2018
Cayman Islands Monetary Authority Issues a Statement on Virtual Currencies
ICOs are often unregulated and involve new technologies and products that are highly technical and complex.
04/27/2018
UK Branch of Pilatus Bank Closed Down
The Daphne Project revealed that more than 50 companies owned by the ruling elite of Azerbaijan moved millions of euros using Pilatus Bank.
04/27/2018
Dpm Pledges 'Most Stringent Controls' On Ownership Registry
Financial services is based on confidentiality, a concept that the Bahamas previously exploited to the max.
04/26/2018
New Zealand rated 'compliant' in OECD tax transparency review
New Zealand is due to receive the first batch from relevant jurisdictions in September this year.
04/26/2018
British MPs called for disclosing Russians with money in offshores
A group of British parliamentarians demanded the adoption of a bill that would force to disclose the names of businessmen that keep money in the British Virgin Islands and the Cayman Islands, The Times imparts. Up to now, these offshore companies have b