07/02/2015
GLI Finance Says Asset Management Subsidiary Wins Guernsey Licence
The intention is for GLI Asset Management to manage GLI Alternative Finance PLC, a closed end fund which GLI Finance wants to launch.
Regulation, Risk & Compliance
06/29/2015
STM Group's Jersey Unit Cleared In Compliance Investigation
STM Jersey has been acquitted of all charges and found not guilty, therefore will not be sanctioned professionally or financially.
06/28/2015
Suriname state bank ‘open for business from Trinidad and Tobago
The state bank of Suriname is open for business from Trinidad and Tobago
06/28/2015
Wait and see on pensions freedoms, says Isle of Man’s Treasury Minister
Reform is coming but don’t expect UK-style pension freedom in the near future.
06/26/2015
Appleby advised DNB Bank on Genting’s Loan Facility
According to Genting, the deal presented an "excellent opportunity" to take advantage of growing demand in the luxury cruise market.
06/26/2015
EU's Fourth Money Laundering Directive comes into force
The EU's Fourth Money Laundering Directive comes into force today. Countries will have two years to turn the directive into national law
06/25/2015
PM Comments on EU Blacklisting Belize’s Offshore Sectorts.
The European Union claims that Belize is a tax haven for companies which are seeking to avoid paying taxes.
06/23/2015
Top Banker Expects New Mortgage Plan In ‘Couple Of Weeks’
The Bahamas’ high number of delinquent residential mortgages is a “huge concern” for both the Government and commercial banking industry
06/23/2015
JFSC given power to impose financial penalties of up to £4 million
The introduction of financial penalties strengthens the sanctions that the Jersey Financial Services Commission can impose to deal with significant and material breaches of our Codes of Practice. This will bring us in to line with similar powers exercised
06/22/2015
Death of former Chairman of the Gibraltar Financial Services Commission, Alan Whiting
The GFSC is sad to inform of the death of former Chairman, Alan Whiting
06/22/2015
Strauss-Kahn Shifts Focus From Sex Trial to Hedge-Fund Probe
He and his lawyers must shift their focus to Luxembourg and the failure of a hedge fund that bore Strauss-Kahn’s name.
06/22/2015
Local banks and dirty $$ dealings
Those currency trades involving alleged dirty money were done through several local banks which have come under scrutiny of US prosecutors investigating a US$150 million world football bribery scheme.
06/19/2015
Growing case backlog for financial regulator
Suspicious activity reports are used by many government and financial institutions to try to identify money laundering, terrorist funding, drug trafficking and other financial crimes.
06/19/2015
Role of IFCs in facilitating Africa inward investment to be explored at Jersey Finance
Opportunities to invest in Africa and the role that International Finance Centres can play in facilitating growth in the continent will form the focus of an event to be held by Jersey Finance in London next week.
06/17/2015
HSBC Malta brings global experience to the new International Banking Centre
The IBC will be HSBC's largest branch in Malta by number of clients and will offer customised services in banking, lending, investment, and international account opening to both residents and non-resident personal clients.
06/17/2015
Caribbean urged to adopt new paradigm to creating wealth
Caribbean countries have been told that they must shift their policymaking efforts to creating and retaining wealth in the region.
06/15/2015
Iceland is out of the woods but the financial system is still dangerous, says PM
The country is starting to lift the crisis-era capital controls that have been in place since 2008
06/11/2015
New BVI Hedge Fund Products
Incubator Funds and Approved (Friends and Family) Funds
06/11/2015
IMF Executive Board Concludes 2015 Article IV Consultation with The Bahamas
On June 8, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with The Bahamas
06/10/2015
Serious Fraud Office actively reviewing material on US action against Fifa
The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption