03/22/2018
Warranty removed in update of Guernsey’s Private Investment Fund
The warranty has been replaced with a declaration, which places a lesser burden on the licensed manager.
Regulation, Risk & Compliance
03/19/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/19/2018
StanChart Fined in Singapore for Money Laundering Breaches
Two units fined a total of $4.9 million by monetary authority
03/19/2018
Sigma and Cactus team up on cyber security
Cactus is the executive agent for sales of Trust Lockdown, while Sigma is the Channel Island and UK sales partner of Cactus.
03/19/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/16/2018
Switzerland yet to ratify tax avoidance agreement
After signing, the two sides had agreed to undertake internal procedures for ratification of the agreement.
03/15/2018
´Panama Papers´ law firm shuts down operations
Last August, co-founder Jurgen Mossack acknowledged the firm had closed most of its offices abroad after its damaged credibility caused business to flounder.
03/14/2018
Eastern Caribbean Central Bank partners Bitt for digital currency pilot
The MOU between the ECCB and Bitt Inc. is the culmination of a three-day workshop which involved teams from the ECCB and Bitt Inc.
03/09/2018
Are life cos ready for looming IoM Conduct of Business Code?
It is now less than a year until the Isle of Man Conduct of Business Code comes into force, International Adviser spoke to several firms headquartered on the island to see how they are preparing for the introduction of the regulation.
03/09/2018
JTC poised for London IPO
Each of the Selling Shareholders who are retaining some Shares will be subject to a 12-month lock-up
03/08/2018
Can Regulations Temper the ICO Craze?
Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.
03/07/2018
IoM defers regulatory roadmap for insurance biz
The FSA’s proposed implementation date for the updated capital and solvency framework for non-life insurance business will be deferred by 12 months from 30 June 2019 to 30 June 2020.
03/06/2018
Cyprus passport sales revealed
Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.
03/06/2018
Jersey regulator warns of fake Aussie investment firm
Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.
03/05/2018
The OECD has citizenship programmes in its sights
They remain wise words.
03/02/2018
Insurers ‘Not Oblivious’ To Bahamas Sanctions Threat
He pointed out that the insurance industry would be impacted as badly as other financial sectors if the Bahamas was ‘grey-listed’
03/02/2018
Return to BVI by March 31, financial service providers told
They were legally permitted to operate in other countries because of the Financial Services (Continuity of Business) Act, which passed in the House of Assembly after the hurricanes.
02/22/2018
HSBC’s Swiss private bank faces $1.5bn fine for alleged tax evasion
The bank has set aside $604m to settle the probes and said it is cooperating with authorities.
02/21/2018
Isle of Man to introduce pension freedoms
The Isle of Man's current rules mean a pension pot smaller than £50,000 after tax-free cash can be fully accessed.
02/19/2018
Compliance Matters: GDPR And Investment Funds
GDPR is the current office ‘crusade du jour’ in many a financial, legal or investment management firm here in Guernsey.