04/28/2020
Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.
04/28/2020
Art market participants who are engaged in pending or projected transactions that are otherwise subject to regulatory oversight but that have been interrupted by the health crisis must take care not to run afoul of these regulations in the absence of any
04/28/2020
MROS announced the results alongside a new strategy to enable the agency to process money laundering reports more quickly.
04/28/2020
The main argument was that the cost of the entity can come at a premium compared to locations like Cyprus the Netherlands and Luxembourg.
04/27/2020
While the greenback is set to remain strong in the short term, its purchasing power may diminish if excessive stimulus measures continue
04/27/2020
The information gathered in 2017 showed the tax avoidance sector was being maintained by a "hard-core" group of as many as 20 promoters with a "long history of operation" in the UK and who were well known to HMRC.
04/27/2020
Keith is one of only two Bermuda lawyers who have been elected as international fellows of ACTEC
04/27/2020
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
04/26/2020
A new date for the case will be set at a court hearing later this year.
04/26/2020
Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.
04/24/2020
At the beginning of 2020, the office introduced a new online systemexternal link for submitting reports.
04/24/2020
Citizenship sale schemes posed money-laundering and corruption risks
04/24/2020
HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad
04/24/2020
The duties of a director of a Bermuda company apply equally to all directors howsoever appointed.
04/24/2020
The director remains under an ongoing duty to supervise the performance of the delegated power
04/24/2020
We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of
04/24/2020
In early April 2020, the OECD released their guidance (PDF 327 KB) on how certain issues dealt with under the model OECD tax treaty will be affected by COVID-19
04/23/2020
The deadline for beneficial ownership filings has been further extended to 15 May 2020
04/23/2020
To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.
04/23/2020
It was a natural priority for us to focus on employee wellbeing, putting our team’s health at the centre of our response.