03/17/2016
Following the SPAC’s IPO, the funds raised, net of the underwriters’ compensation and money required for working capital, will be placed in an escrow account to fund the SPAC’s eventual Business Combination.
03/17/2016
The agreement of this protocol demonstrates the UK’s and Jersey’s joint commitment to working together to counter tax avoidance and evasion."
03/15/2016
These changes affect only the largest banking groups worth £25bn.
03/09/2016
Countries that have ratified CEDAW are legally obligated to work towards implementing its provisions
03/07/2016
In summary, CRS is happening with extraordinary speed. It is most important that clients accept that it is; take good advice and structure their affairs properly; and if they wish to choose a new country of tax residence, actually move there and get a cer
03/07/2016
This as Mr Scott pledged that Cayman Finance will continue its work with the Ministry of Financial Services, and other local stakeholders, “to further evolve and enhance Cayman’s strong regime.”
03/04/2016
Cayman Finance worked closely with the Ministry of Financial Services in preliminary discussions
03/03/2016
The following are the key developments to BVI law that are most likely to interest lenders and borrowers.
03/03/2016
It also stresses the minimum requirements CIMA expects to see in a well-functioning AML/CFT programme.
03/03/2016
Jersey deal value rises 26 percent in 2015, Appleby report finds
03/02/2016
Hinting at potential criminal charges for those involved, the SEC says the documents “will also prove beneficial to the ongoing law enforcement investigations of these matters and others.”
03/02/2016
The Income Tax Division have confirmed that they are in contact with the OECD in order to confirm a number of areas where there is still uncertainty in the CRS with a view to updating the guidance notes in due course.
02/29/2016
Opposition leader hints at motion of no confidence unless Muscat shoulders political responsibility over the next 24 hours
02/26/2016
Over 90 jurisdictions have agreed to implement CRS: the latest standard by which governments automatically exchange financial account information to prevent tax evasion.
02/24/2016
In the wake of the global financial crisis, an unprecedented wave of regulation has swept through the financial services industry, impacting market participants at every level.
02/23/2016
Recently named the best Hedge Fund Services Jurisdiction in the Hedgeweek Annual Global Awards 2015, the Cayman Islands continues to be recognised as the market leader.
02/22/2016
In addition, CIMA developed its first vision statement to reflect its dedication to continuous improvement
02/19/2016
The loans managed by four Cypriot banks will help bolster liquidity, support economic recovery and create jobs, EIB said.
02/19/2016
From the perspective of the IFCs, the UK proposals were counter intuitive.
02/18/2016
The specific issue is the accelerated move by banks in developed countries to drop their correspondent banking relations with those in emerging economies.