10/31/2016
Significant New Enforcement Powers for CIMA
Significant New Enforcement Powers for the Cayman Islands Monetary Authority
Regulation, Risk & Compliance
10/28/2016
Shadow Insurance The Next Financial Sector Crisis?
Reinsurance, also known as insurance for insurers or stop loss insurance
10/28/2016
Cayman Islands Monetary Authority Cancellation of Certificates of Registration
It should be noted that where such an administrative cancellation takes place, CIMA may take this into consideration when assessing the fitness and propriety of the fund’s operators.
10/28/2016
Panama Signs Up to International Tax Avoidance Agreement
Move reflects change of approach following the Panama Papers’ leak
10/28/2016
Panama joins international efforts against tax evasion and avoidance
The forthcoming report will reflect Panama’s past record on transparency issues.
10/27/2016
Former Barbados PM says government out of options
Back in September Standard & Poor’s downgraded the country from B to B-, following the April downgrade by Moody’s from to Caa1 from B3.
10/27/2016
Brexit: Passporting through Cyprus
Cyprus can offer such firms the flexibility to maintain current operations through carefully crafted outsourcing arrangements.
10/27/2016
Corporations dodge $718 billion in taxes through offshore tax havens
These jaw-dropping numbers will keep getting bigger until we fix the corporate tax system.
10/26/2016
Panama, Bahamas leaks or whatever, truth should come on surface: IMF
Whether it’s Panama or Bahamas, these issues need to be addressed
10/21/2016
G20/OECD BEPS Project advances tax certainty agenda with the launch of global review of MAP programmes
The BEPS package endorsed by the G20 Finance Ministers in October 2015 contains the report on Action 14 (Making Dispute Resolution Mechanisms More Effective), which outlines the minimum standards and best practices for resolving treaty-related disputes un
10/21/2016
Jersey signs BEPS information exchange agreement
The signing was at the OECD in Paris, in the presence of the Secretary General of the OECD, Angel Gurría.
10/20/2016
OECD’s CRS: impact on Bermuda family offices
The aim is to increase tax transparency and eliminate tax evasion globally.
10/19/2016
St Kitts: Bank official denies collusion on banking fees
Banks tailor their fees to suit the services that they provide and the costs they incur in providing those services.
10/17/2016
Watchdog says about 15 Swiss banks in money laundering 'red zone': SonntagsZeitung
FINMA introduced a warning system in relation to money laundering risks
10/17/2016
Life insurance used as wealth management tool
The survey by Transamerica Life Bermuda was conducted in partnership with Asian Private Banker.
10/14/2016
Panama Papers: Top arms dealer and son linked to offshore firms in Panama, BVI, Seychelles
Sudhir Choudhrie shifted base from Delhi to London after his name figured in CBI probes into the contract to upgrade 130-mm field guns and the Barak missile deal.
10/14/2016
St Kitts and Nevis Banker Expresses Concern About De-Risking
The De-risking issue, as it is called, has already affected several banks in the Caribbean who have lost correspondent banking relations with counterparts in the US and Europe.
10/14/2016
BVI Introduces Opt-In Regime for AIFMD Compliance
The purpose is to position BVI to receive a favourable assessment from ESMA, when it advises the European Commission on whether the AIFMD passport may be extended to BVI.
10/13/2016
Barbados: Reserved Powers Trusts And Private Trust Companies In Barbados
Whilst many of us in the industry are familiar with traditional structures
10/13/2016
Federal Youth Policy Initiative Launched
A sound youth policy is evidence based.