09/28/2016
Chairman Werner Langen: Panama Papers inquiry committee will also look into Bahama Leaks
The investigative journalists, cooperating through the Washington based International Consortium for Investigative Journalism.
Regulation, Risk & Compliance
09/28/2016
Bahamas PM Reports Progress On Baha Mar Project
Have been approved by the Supreme Court of The Bahamas in a sealed order as is customary in commercial matters of this kind.
09/27/2016
UK government fails on real transparency, says TI
It appears that it still has to get its own house in order.
09/27/2016
Jersey introduces virtual currency regulation
The new regime, developed by Digital Jersey, the States of Jersey, the JFSC and Jersey Finance as part of Jersey’s Digital Policy Framework, came into effect on Monday.
09/27/2016
Malta taxation on income and gains derived from intellectual property
As an international financial services centre, Malta provides for various fiscal incentives both to Malta companies and also to their shareholders. This makes Malta a very tax efficient jurisdiction where to set up companies to hold intellectual property
09/26/2016
IMF targets Scottish tax haven firms behind child abuse websites
The Sunday Herald has exposed how Scottish limited partnerships or SLPs have acted as fronts for websites peddling child abuse images
09/23/2016
Trust Protectors and CRS: How the OECD Contradicted Itself by Cayce Goff
The trustee still has fiduciary obligations irrespective of the leverage the protector may assert over the trustee.
09/22/2016
Guernsey Finance to host annual industry update
The promotional agency for the island’s finance industry internationally, which launched its new corporate brand and logo at the end of August, will hold its annual update from 4pm on Wednesday 5 October at St James.
09/22/2016
‘Bahamas Leaks’ puts spotlight on UBS and Credit Suisse
UBS and Credit Suisse came second and third in a ranking of institutions setting up the most offshore companies for clients.
09/21/2016
The Modernisation Of Luxembourg Company Law: Changes To Board Of Directors - Managers
Part of Luxembourg’s Companies Act reform bill of July 2016 details changes to the board of directors in respect to managers.
09/21/2016
Bahamas Urged: ‘Avoid’ Eu Blacklisting Threat
Bahamas was urged to “avoid” being placed on a European Union ‘blacklist’, after this nation received two ‘red flag warning’ scores
09/21/2016
Attempt to regulate nonprofits a ‘disaster,’ MLA says
Legislation that would require any charitable organization taking in more than $250,000 per year to register with the government will be a “disaster,” local residents were told during a public meeting in East End district Monday night.
09/21/2016
Channel Islands Securities Exchange looks to take advantage of Brexit
The Channel Islands Securities Exchange is hoping to take advantage of the UK's decision to leave the European Union.
09/19/2016
Bitcoin Exchange, Caricoin, Trying To Enter Jamaica
In the UK, according to the Financial Conduct Authority, the regulatory sandbox aims to create a 'safe space'
09/19/2016
New company linked to Macri family in Panama Papers documents
No other firm was named on those documents, which requested payments for lawyers and even correspondence asking for permits for the two firms to be handled simultaneously.
09/16/2016
Jersey growth fund paves way for Brexit, digital and data protection initiatives
The second allocation, £324,000, will enable Jersey to respond to the introduction in 2018 of the EU’s General Data Protection Regulation.
09/15/2016
Guernsey regulator signs MoU with Abu Dhabi counterpart
Zoë Cousens, Guernsey Finance’s Middle East representative, who was present at the signing ceremony along with Chief Executive Dominic Wheatley, said the MoU would aid her work in the region.
09/14/2016
Cayman Islands: Proposed Bills Are Intended To Strengthen Cayman's Financial Services Industry
The Bills are the Monetary Authority Amendment Bill, 2016; the Non-Profit Organisations Bill, 2016; the Auditors Oversight Amendment Bill, 2016; and the Companies Management Amendment Bill, 2016
09/13/2016
Ministry brings key bills ahead of task force review
Officials also said the draft bills, which will be debated when parliament meets in October, also provide greater clarity about the type of businesses that have a responsibility to adhere to the international standards.
09/12/2016
Curaçao Central Bank reports on ‘uneven developments’ in monetary union
Curaçao registered zero inflation, and St. Maarten recorded deflation resulting in an average drop of 0.9 per cent in consumer prices during the January-March period of 2016.