04/11/2016
Participants pledged to continue cooperating, both bilaterally and multilaterally, to set realistic expectations of fellow stakeholders and prioritize transparency and information sharing.
04/11/2016
Additionally, Cayman automatically shares information with the United States and U.K., for FATCA purposes
04/08/2016
Mauritius Commercial Bank Ltd had filed a complaint, accusing Chowdary and others of "defaulting in repayment of loan of Rs 106 crore".
04/07/2016
In the wake of the “Panama Papers” disclosure and global attention on International Financial Centres, Scott said that even though the media coverage makes no mention of the Cayman Islands, the need for a clear understanding of the positive ro
04/07/2016
The Cayman Islands was an early introducer of comprehensive and strict anti-money laundering laws
04/06/2016
Jersey leads on the capture and sharing of beneficial ownership information
He welcomed moves for greater transparency and called on other locations that had not done so to introduce a regulatory regime that enabled them to know and share information on the beneficial owners of companies with appropriate authorities.
04/04/2016
Bahamas Central Bank on further liberalization of foreign exchange controls
The Central Bank will continue its review of the Exchange Control regime
04/04/2016
Calls mount for tighter rules on NZ's foreign trusts after Malta scandal links
Green finance spokeswoman Julie Anne Genter has called for tighter rules around foreign trusts.
04/01/2016
The legislation would scrap fines and some surcharges for such disclosures.
04/01/2016
The business clients that currently bank with the Gibraltar International Bank will have already benefited from the services the new premises will provide from the main office at 310 Main Street.
04/01/2016
The State Bank of Mauritius is the second largest bank in that island nation after the Mauritius Commercial Bank.
04/01/2016
The Financial Stability Board, which met in Tokyo on Thursday, has agreed on a framework for categorizing different components of fintech and assessing their potential risks.
03/31/2016
The agreements resulted in settlements totaling roughly $1.3 billion.
03/31/2016
Falling short of supporting calls for business staff plans to be made public, Rivers said she wanted to see much more transparency.
03/30/2016
Equivalence for Solvency II has officially taken effect in Bermuda, retroactive to 1 January, the Association of Bermuda Insurers and Reinsurers announced yesterday.
03/30/2016
The Bermuda Monetary Authority is set to name and shame firms that are subject to enforcement actions in the wake of regulatory scrutiny.
03/29/2016
Russia is blaming the United Kingdom for failing to end local legislation that allows companies with bearer shares to exist in the BVI and that allows non-UK nationals to form such entities.
03/29/2016
According to the minister, a firm has been established to draw up the policies for banking and other services to be provided at the finance centre.
03/28/2016
It is within this milieu that Jamaica and the Caribbean region find itself challenged by what is euphemistically referred to as the 'de-risking of foreign correspondent banking relationships'.
03/28/2016
The CBC took over the operations of FBME in 2014 after the latter was named a “financial institution of primary money-laundering concern” FinCEN.