07/13/2015
Cayman Finance Welcomes New Opt-In AIFMD Regime
Permitting extension of the passport to the Cayman Islands would be of significant benefit to EU investors
Regulation, Risk & Compliance
07/12/2015
“Bermuda Has Completed Another Milestone”
Kading noted in the EIOPA equivalence consultation [completed in early 2015] that supportive letters from key EU stakeholders were filed in support of the Bermuda application for full equivalence.
07/10/2015
Jersey to seek views on virtual currency regulation
The approaches adopted by other jurisdictions and the views of leading organisations have also been taken into account.
07/06/2015
Entries Invited for the ICSA Jersey Awards 2015
Sponsored by Sator Regulatory Consulting, ICSA Software, ICSA Boardroom Apps, and BPP Professional Education, the ICSA Jersey Awards will be judged by a panel of professional qualified experts and will recognise the work of individuals and teams.
07/06/2015
Disclosures to enjoy immunity under FEMA: Black Money FAQs
The government will give immunity from prosecution under FEMA
07/03/2015
Jeffrey Webber's Cayman Insurance Shelter Nixed By Tax Court
Jeffrey Webber is a venture-capital investor and private-equity fund manager.
07/02/2015
CONCACAF hires firm to review finances, organisation
The move comes after the confederation’s former president, Caymanian Jeffrey Webb, was arrested
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.
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.