05/18/2016
Beneficial ownership: Government says US must sign first
Cayman’s participation in the summit was predicated on it joining an initiative for the automatic exchange of beneficial ownership data.
Regulation, Risk & Compliance
05/17/2016
Hong Kong must work towards a ‘Panama Papers Ordinance’ to end automatic recognition of offshore firms
Companies should no longer be accepted as being from the British Virgin Islands without having a significant share of their revenue and assets actually produced there
05/17/2016
New Crowdfunding Regime for the Isle of Man
The new legislation has been designed to bring more business to the Isle of Man and further establish us as a home for innovation and entrepreneurialism.’
05/16/2016
Region's offshore financial sector under threat, says ECCB governor
The recent onset of additional international tax and anti-money laundering agreements like the US FATCA and the OECD Common Reporting Standard, is causing foreign investors to move their offshore business out of the region to more developed countries.
05/16/2016
IMF warns St Kitts-Nevis to brace for potential drop in citizenship investment
A team from the IMF, led by Inci Otker, visited St Kitts and Nevis during April 20 to May 3 to conduct the 2016 Article IV Consultation.
05/16/2016
MFSA Warns that Alpha Capital Markets is Unauthorised in Malta
The company has allegedly been misleading investors by pretending to be regulated.
05/13/2016
Employment Minister outlines Pensions Law changes
Once complete, those Regulations will also be tabled in the Legislative Assembly for affirmative resolution.
05/13/2016
Summit pushes action on discredited Cayman law
Confidential Relationships (Preservation) Law to be replaced
05/12/2016
Beneficial ownership: the good, the bad, and the geeky
Discussions quietly began the over how Jersey might introduce a public register.
05/12/2016
'Absolutely wrong' – Cayman Islands' response to its critics
Both the Cayman Islands and the BVI have agreed to sharing details of any business owners with tax authorities and law enforcement bodies to tackle tax evasion and money laundering.
05/11/2016
Cayman Islands: Cayman Joins Beneficial Ownership Initiative
The Premier, the Hon. Alden McLaughlin, said Cayman's invitation to participating jurisdictions is one of a number of current, significant measures that it is taking to promote global tax compliance
05/11/2016
Cameron will use anti-corruption summit to call on wealthy to admit sources of cash
Cameron is expected to announce the new transparency measures at Thursday’s summit
05/11/2016
Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance
With these new commitments, 101 jurisdictions around the world have committed to implement information sharing in accordance with the Common Reporting Standard developed by the OECD and G20 countries and endorsed by the Global Forum in 2014.
05/10/2016
BMA Hosts Meeting Of Financial Policy Council
It also advises on development of the financial stability framework in Bermuda, and makes policy recommendations designed to support the general economic and financial well-being of the country.
05/10/2016
Elian appointed to provide fund administration services to Medicxi Ventures’ first €210m fund
The team at Elian is delighted to be working with Medicxi Ventures in this important sector, and is looking forward to growing the relationship,’ said Giles Johnstone-Scott, director of funds, Elian Fund Services.
05/09/2016
ECCB: Supervision And Regulation Of Commercial Banks Critical
It’s not any regulator’s dream to have any depositor lose even one cent of a dollar that they’ve invested in a financial institution
04/29/2016
Cayman Law paves way for new offshore business
The law was created in conjunction with the offshore sector and eagerly anticipated for the new business it will generate, keeping Cayman at the forefront of offshore services.
04/29/2016
Dci Bolsters Compliance And Enforcement Efforts With More Staff
'I previously was a chief inspector with the Royal Cayman Islands Police Service as the district commander for George Town.
04/29/2016
Hong Kong urges greater AML and KYC effort after Panama leak
Banks and financial institutions in Hong Kong must "strictly comply" with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money.
04/27/2016
Island Must Be Ready For Further Offshore Scrutiny
It’s vital the Island maintains its tax independence.