11/23/2016
As individual wealth grows in the region, increasing consumer demand from a larger middle-income population has inspired a raft of more sophisticated and comprehensive wealth management services.
11/22/2016
Their previously unlawful status, and cash-intensive business nature, underpin the commercial banking industry’s concerns.
11/22/2016
The Panama Papers revealed how secretly owned companies in offshore havens are used for financial crime, corruption and tax evasion.
11/22/2016
The Bermuda Government is saddled with net debt expected to reach nearly $2.4 billion by the end of the fiscal year in March 2017
11/22/2016
It is designed to interface with the new REEFS portal, while also retaining users’ traditional Excel view.
11/21/2016
Many must now be regretting this decision.
11/21/2016
But is there a tension in a regulated industry between innovation on the one hand, and necessary checks and balances on the other?
11/20/2016
Revenue has warned that time is running out for people hiding money overseas
11/17/2016
The Financial Action Task Force and the World Bank are grappling with the domino economic effects of de-risking.
11/17/2016
If passed in its current form the Monetary Authority (Amendment) Bill, 2016 (the Bill) will allow CIMA to impose fines for breaches of regulatory laws by licensed or regulated individuals or entities.
11/16/2016
The move has been welcomed by the group Finance for Guernsey, which believes that the private sector is more suited to deliver the idea.
11/16/2016
Mossack Fonseca unit fined $440,000 by islands’ regulator
11/14/2016
De-riskingis the threat of the loss of correspondent banking relationships, particularly for small developing countries”
11/14/2016
The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.
11/14/2016
Guernsey had a very busy year in terms of mergers and acquisitions of service providers, highlighting the ever-changing fund landscape and the constant dynamism of the market
11/11/2016
The two parties involved are positive concerning the future of their partnership.
11/10/2016
Currently, where a Jersey bank has lost contact with a customer it must maintain the customer's deposit account.
11/10/2016
The goal is to halt the practice of U.S. multinationals holding hundreds of billions of dollars in offshore accounts, many of them in the Cayman Islands, to reduce their U.S. tax liability.
11/10/2016
A special taskforce set up following the 'Panama Papers' leaks has opened civil and criminal investigations into suspected tax fraud or financial wrongdoing by more than 30 individuals and companies, the government has announced.
11/09/2016
Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.