01/15/2018
Work permit changes take effect in IoM
The three that take effect today, had been reliant on the development of new IT systems, thus the delay, the government said in a statement.
Regulation, Risk & Compliance
01/15/2018
JFSC launches annual business plan
JFSC Chairman Lord Eatwell commented: “The landscape of international financial regulation has changed immeasurably since the regulator was established in 1998."
01/12/2018
Jersey Islanders warned about bitcoin death threat email
Access to Bitcoin and other untraceable crypto currencies is making such threats more common.
01/11/2018
Adviser banned over unpaid Harlequin
A UK financial advice firm has been shut down for failing to pay an Ombudsman fine levied for advice given on a notorious defunct Caribbean hotel scheme.
01/11/2018
Qatar Re gets green light for London operations
Our local presence allows us to further enhance our access and offering to our UK clients and brokers.
01/09/2018
Updates to the Cayman Islands Beneficial Ownership Regime What
The amending legislation introduces certain key changes to the BOR.
01/08/2018
Help is on hand for complex KIDs
During the first week of January, a leading UK investment platform has removed several hundred products from its website for non-compliance with the new regulations.
01/03/2018
The UK's proposed new royalty withholding tax
The plan is that the new royalty withholding will apply from April 2019 where a non-UK resident entity making sales in the UK pays a royalty to a connected party in a low tax jurisdiction
01/02/2018
Gibraltar launches blockchain regulatory first
The team expect to be very busy in the coming months, and are looking forward to working on some interesting and innovative ideas with applicants.
01/02/2018
Jersey lawmakers to consider new consumer protection regulation
The new law would ban 31 “unfair practices” outright
01/02/2018
Long Live Bermuda Trusts – Dis-applying the Rule Against Perpetuities
The 2009 Act had dis-applied the Rule for all trusts established after 1 August 2009, except trusts owning real property in Bermuda.
01/02/2018
Cayman’s banking sector continued slide in 2016
Local banks see growth
12/26/2017
Bahamas government eases foreign exchange restrictions
The changes will come into effect as of February 1, 2018
12/22/2017
Russia to extend offshore wealth amnesty
He added that the President noted the need of improvement of the investment climate, reduction of administrative barriers and increase of labor productivity.
12/20/2017
TISE launches new LEI service
The International Stock Exchange (TISE) has today launched a new service to assist local financial services firms with obtaining a Legal Entity Identifier (LEI).
12/20/2017
The most mind-blowing cryptocurrency ICO of all time is going on right now
No matter how awesome and world-changing the blockchain platform or whatever the company might be developing might turn out to be, it won’t be connected to the tokens.
12/20/2017
TORA Launches AI-driven Pre-trade Analytics Tool
TORA’s new AI TCA product moves beyond traditional TCA by using AI techniques to accurately estimate price slippage for trades before they enter the market.
12/13/2017
Zug digital WM teams up with BDO for AM service platform
The new service combines a RegTech tool with more traditional offerings, including compliance and risk management.
12/12/2017
OECD seeks input on new tax rules requiring disclosure of CRS avoidance arrangements and offshore structures
Public input is sought on all aspects of these model rules.
12/12/2017
The Bahamas prepares risk-based approach to regulatory oversight
Updating the regulatory regime is being proposed to remove and address elements that may cause The Bahamas to be viewed as a less attractive jurisdiction.