02/13/2015
Jamaica: CAC head bemoans lack of cooperation from banks
Head of the Consumer Affairs Commission Dolsie Allen says the agency is still having difficulties getting certain information from financial institutions to assist with its work.
Regulation, Risk & Compliance
02/12/2015
Guernsey: How Is More Regulation Impacting Fund Distribution?
Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry
02/12/2015
GFSC launches consultation paper on revising laws
The Guernsey Financial Services Commission (GFSC) has issued a formal consultation paper seeking feedback from the financial services industry on a number of proposals to amend the Bailiwick’s supervisory and regulatory laws.
02/10/2015
Private client structuring: private trust companies and private trust foundations
Guernsey is renowned for being one of the leading jurisdictions for fiduciary work having built a strong reputation over decades and providing private clients with the right wealth structures quickly and with a high degree of expertise and professionalism
02/10/2015
New China law targets tax avoidance offshore
The law would affect investment companies, analysts said, adding it would also have a significant impact on Hong Kong, a major hub for cross-border deals involving the mainland.
02/09/2015
How Can National Fund 1MDB lie to the people?
Party secretary-general Rafizi Ramli said both the central bank and Finance Ministry should act against the strategic development firm.
02/07/2015
Evidence gathering for JIFC gets underway
The Corporate Services Scrutiny Panel at the States of Jersey has begun gathering evidence for its Review of the planned development of a ‘Jersey International Finance Centre’
02/06/2015
Cyprus: The Alternative Investment Funds Law -Transitional Arrangements For Existing Funds
Following the entry into force of the Alternative Investment Funds Law of 2014 on 27 July the Cyprus Securities and Exchange Commission has issued guidance on a number of practical implementation issues.
02/05/2015
Labour: Donations from British Virgin Islands company
Ed Miliband insists no hypocrisy over offshore donation and admits he will 'probably' have to pay the Mansion Tax, which affects houses worth more than £2million
02/04/2015
Cayman Finance Welcomes Cayman Islands Government Stance On Beneficial Ownership
The changes that were being insisted upon were unreasonable
02/04/2015
Insurance Managers Association of Cayman: Cayman Enacts PIC Regulations
The Cayman Islands Insurance (Portfolio Insurance Companies) Regulations 2015 were passed Jan. 16, 2015
02/03/2015
Preparation leads Guernsey to regulatory success
Guernsey’s forward-thinking approach to international regulatory requirements has aided the success of its funds industry and raising its profile as an international finance centre, according to a panel discussion at the Guernsey Funds Masterclass i
02/02/2015
Industry praises Guernsey for meeting regulatory demands
Panellists at a Guernsey funds technical masterclass in London have praised the jurisdiction for its “progressive nature” in tackling international regulatory developments.
02/01/2015
Cayman Enacts PIC Regulations
The Cayman Islands Insurance (Portfolio Insurance Companies) (PIC) Regulations 2015 were passed 16 January 2015, along with related sections of The Insurance (Amendment) Law 2013
02/01/2015
Malta is the jurisdiction of choice for international pensions including QROPS
Global Head of International Pensions Bethell Codrington writes about the IMF's findings on the security of Malta as a financial jurisdiction
01/30/2015
Cayman Islands companies - a guide to the enforcement of security – receivership
When a corporate borrower faces financial difficulties, there are a variety of enforcement, restructuring and insolvency options available to creditors. From a creditor’s perspective, the choice of procedure will depend on whether the borrower has g
01/29/2015
Jersey signs Asset Sharing Agreement with USA
The consistent and reliable cooperation we receive from our counterparts in Jersey has been indispensable to our efforts
01/28/2015
Bank Negara urged to act on 1MDB funds in Cayman Islands
He noted that 1MDB has sought a further postponement of its repayment of the RM2 billion and expressed the hope that this will not affect the country’s credit rating and the local banking and financial industry and system.
01/28/2015
Turks & Caicos to undergo independent public finance check
The Turks & Caicos Island is to have its public financial management reviewed once more under the Public Expenditure and Financial Accountability programme.
01/27/2015
New Statutory Regime for the Gibraltar Financial & Professional Services Market
It will work in a way that facilitates innovation in financial and professional services and speed to market, both now and in the future, whilst at the same time strengthening it in various areas.