03/08/2018
Can Regulations Temper the ICO Craze?
Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.
Regulation, Risk & Compliance
03/07/2018
IoM defers regulatory roadmap for insurance biz
The FSA’s proposed implementation date for the updated capital and solvency framework for non-life insurance business will be deferred by 12 months from 30 June 2019 to 30 June 2020.
03/06/2018
Cyprus passport sales revealed
Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.
03/06/2018
Jersey regulator warns of fake Aussie investment firm
Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.
03/05/2018
The OECD has citizenship programmes in its sights
They remain wise words.
03/02/2018
Insurers ‘Not Oblivious’ To Bahamas Sanctions Threat
He pointed out that the insurance industry would be impacted as badly as other financial sectors if the Bahamas was ‘grey-listed’
03/02/2018
Return to BVI by March 31, financial service providers told
They were legally permitted to operate in other countries because of the Financial Services (Continuity of Business) Act, which passed in the House of Assembly after the hurricanes.
02/22/2018
HSBC’s Swiss private bank faces $1.5bn fine for alleged tax evasion
The bank has set aside $604m to settle the probes and said it is cooperating with authorities.
02/21/2018
Isle of Man to introduce pension freedoms
The Isle of Man's current rules mean a pension pot smaller than £50,000 after tax-free cash can be fully accessed.
02/19/2018
Compliance Matters: GDPR And Investment Funds
GDPR is the current office ‘crusade du jour’ in many a financial, legal or investment management firm here in Guernsey.
02/16/2018
ID Register signs alliance with KPMG
KPMG said the partnership would allow it to provide a complete solution for investors in private funds, including with fund subscription, FATCA/CRS and KYC.
02/14/2018
Structuring An ICO – Factors To Consider
A bill is expected to be considered by Parliament in the second quarter of 2018.
02/14/2018
Cayman Islands introduce country-by-country reporting for certain multinational enterprises
MNE groups with annual consolidated group revenue in the preceding financial year of US$850 million or more with a Cayman entity in the group are caught.
02/09/2018
OECD announces further developments in BEPS implementation
Canada's regime for international banking centres (IBCs) was determined to be "potentially but not actually harmful" by the FHTP in the 2004 Progress Report.
02/08/2018
Jersey regulator disappointed with suitability review outcome
A host of failings have been flagged up during the Jersey Financial Services Commission’s (JFSC) review of 10 locally-based firms and the suitability of the investments they recommend.
02/05/2018
Jersey regulator warns (again) on initial coin offerings
Most jurisdictions do not regulate ICOs.
02/05/2018
Cayman leads key UK lobby group
It also means Cayman will host the pre-Joint Ministerial Council meetings – which are typically held in late summer between the overseas territories leaders.
02/02/2018
Swiss regulator censures Gazprombank after Panama Papers
Bank banned from taking new private clients over failings on money laundering checks
02/02/2018
Swiss Private bank broke money-laundering rules in Brazilian cases: FINMA
FINMA has investigated more than a dozen Swiss banks in relation to the Petrobras and Odebrecht cases and launched four enforcement proceedings, one of which is pending
02/02/2018
Pilatus Bank supervision comes under scrutiny of EU banking watchdog
European Banking Authority looks into MFSA's actions as regulator