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Regulation, Risk & Compliance

05/13/2019

Final Rules May Help Companies Unintentionally Hit by Global Tax

The 2017 tax law includes a base-erosion provision related to global intangible low-taxed income.

05/13/2019

Pilatus Bank: Justice Commissioner rebukes Sant twice in as many months

The European Commission, however, dismissed Sant’s claims.

05/13/2019

Bermuda, Barbados and Aruba to be removed from EU's tax haven blacklist

A typographical error in economic substance regulation documents submitted by Bermuda to the EU earlier this year was given as the reason the island ended up on the list.

05/13/2019

GFSC releases 2018 Annual Report

The outcomes of all economic models depend substantially on the assumptions made.

05/10/2019

Congress hits new speed bump in effort to restrict shell companies

It was unclear whether the bill was in peril or will simply be voted on later.

05/10/2019

CIBC's FirstCaribbean Bank officially withdraws $226 million US IPO

Barclays, UBS Investment Bank and CIBC were set to be the joint bookrunners on the deal.

05/10/2019

St Kitts and Nevis continues to tumble in World Bank’s Ease of Doing Business

In the English speaking countries of the Caribbean, St Kitts and Nevis is second to last both in the OECS and in CARICOM.

05/10/2019

Jersey could help other small jurisdictions develop laws

Professor Claire de Than set out her argument in her regular JEP column published in yesterday’s edition.

05/10/2019

GFSC releases 2018 Annual Report

On the financial front, 2018 was a strong year for the Commission in terms of income

05/10/2019

Malta’s Registry of Companies Becomes First to Run Blockchain System

The Registry previously de-merged from the parent Malta Financial Services Authority last year

05/10/2019

Exclusive: GMI Group Acquires Mauritius Regulatory License

The brokerage company is adding a new license to its portfolio

05/10/2019

Commission issues Thematic Review on Beneficial Ownership

An estimated 3,000 data sets were received and analysed, including from a questionnaire sent to all full and personal fiduciary licensees.

05/10/2019

Walkers Acts on Carlyle's $6.7 Billion Acquisition of Sedgwick

The Transaction was effected by way of a series of connected Cayman Islands and United States mergers

05/10/2019

Central Register of Beneficial Ownership of Corporates – Website Goes Live

No filing fee will be charged for registering and filing beneficial ownership information.

05/10/2019

Future support for nature in UK Overseas Territories

The UK Government launches a Call for Evidence on safeguarding biodiversity in the UK Overseas Territories.

05/10/2019

Can you Keep a Secret? Publishing the Identity of Ultimate Beneficial Owners

The UK Government is now turning its attention to the hotly debated issue of UBO transparency in British Overseas Territories and Crown Dependencies.

05/10/2019

Jamaica Government partners with World Bank to develop cat bond

The World Bank provided much of the support needed to help the government begin developing the cat bond, which is an investable capital market instrument.

05/10/2019

Bermuda ILS sector will move sustainable finance agenda forward: BSX

BSX added that many of its listings - in particular for the ILS sector - are developing products that it suggests will move the sustainable finance agenda forward.

05/09/2019

Strike Out Applications: The Perils of Putting the Cart Before the Horse

In applying the above principles, the CICA formed the view that the Petitioner's complaints were more wide-ranging than the Judge had found

05/09/2019

The British Virgin Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development

The British Virgin Islands was one of the first countries to agree to implement the AEOI under the CRS (referred to as the “Early Adopter Group”)

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