10/05/2017
Former finance minister Tonio Fenech gets MFSA reprimand over Falcon Funds fiasco
Tonio Fenech and two other directors are now prohibited from taking any new appointments in licensed financial services activities for two years
Regulation, Risk & Compliance
10/04/2017
Mauritius central bank cautious on moves
Despite concerns, the financial system is judged to be sound
10/02/2017
Gibraltar Financial Services Commission supports World Investor Week
We are also publishing an article every day this week which will focus on financial matters for consumers.
10/02/2017
Cayman Islands enhances its Statement of Guidance on the Nature, Accessibility and Retention of Records - Appleby
It is not intended to be prescriptive or exhaustive but rather it sets out CIMA’s “minimum expectations” of a relevant entity’s record keeping arrangements.
09/29/2017
Sanne to buy Luxembourg Investment Solutions and Compliance Partners
The addition of LIS and CP into our existing Luxembourg operations is a significant development for us.
09/29/2017
Non-Profit Organisations in the Cayman Islands
An NPO shall not solicit contributions from the public or any section of the public within the Cayman Islands or elsewhere, unless it is registered or exempt from the obligations to register under the Law.
09/28/2017
Secure The Future By Lowering Money Laundering Risks
The Bahamas is moving into a much more regulated environment.
09/25/2017
Gibraltar Jumps on Regulatory Bandwagon
Tokens vary widely in design and purpose.
09/20/2017
Status of Cayman beneficial ownership platform unclear
In BVI, companies threatened with penalties
09/20/2017
Consultation underway on new code for large yachts
It should also allow room for further flexibility and innovation in the design and construction of yachts.
09/20/2017
Guernsey regulator warns client risk is ‘ignored’ by advisers
The Guernsey Financial Services Commission has warned that investment risk is still incorrectly explained or ignored altogether by financial advisers.
09/14/2017
Law firms face new exposure to tax evasion charges as Criminal Finances Act nears implementation
Partners warn firms will have to ramp up their due diligence efforts ahead of new legislation coming into force at the end of the month
09/13/2017
Poor advice record keeping surprises Guernsey regulator
Regulators in Guernsey have called on the island’s investment and insurance intermediaries to sharpen up following a thematic review that found room for improvement in the advice process.
09/13/2017
Belize regulator IFSC warns against offshore Retail FX broker Real Markets Live
Real Markets Ltd/RealMarketsLive is therefore directed to cease and desist from engaging in the said unlicensed activities forthwith.
09/07/2017
Malta watchdog orders trust firm to halt business
The firm has also been directed to report regularly to the MFSA on the progress being made on the transfer.
09/07/2017
Responsibilities of Insurance Managers in the Cayman Islands
The SOG states that Insurance Managers should diligently manage the business of Client Insurers
09/07/2017
Practical FATCA and CRS compliance for family trust structures
The overarching goal of FATCA and CRS is for a taxpayer's country of tax residence to collect information from other countries on the taxpayer's financial assets located in those other countries.
09/05/2017
IoM issues corporate governance consultation for island insurers
The first “Roadmap” for updating the island’s insurance industry framework was published in 2013, and it has been updated at least annually ever since.
09/04/2017
SPLC transferring millions to offshore tax havens: Report
Civil rights group criticized for fat bank account, offshore dealings
08/31/2017
Australia ramps up strategy to hit aggressive int’l tax plans
It also revealed over A$948m in liabilities had so far been issued as a result of its efforts to date.