06/19/2019
Jersey, Guernsey and the Isle of Man said in a joint statement they would bring forward legislation for public access to a central register within 12 months of an EU anti-money-laundering review which is due in January 2022.
06/18/2019
The regulator says supervision began in April and will cover a two-year period focusing in on market abuse issues and further concerns around meeting Mifid II disclosure requirements.
06/18/2019
MAS issues prohibition orders against ex-UBS employee for forgery
MAS’ investigation found that Mr Michele had falsified emails on such background checks.
06/17/2019
Guernsey has over 100 regulated trust companies providing the breadth and depth of expertise in the island to hold its own and provide international clients with a one-stop shop for wealth management.
06/17/2019
In a new development, officials from UniCredit and Banco BPM are also suspected of corruption because broker Intermarket Diamond Business (IDB) invested some of its profits from the diamond sales in the banks' shares, according to evidence gathered b
06/17/2019
Zurich-based bank seeks £239m bank payroll levy it paid after the financial crisis
06/17/2019
The deal has been backed by Palatine Private Equity LLP, a UK mid-market private equity house, with additional debt funding from Apera Asset Management.
06/14/2019
This has attracted a significant number of new entrants to the market over the past 15 years (96 lessors in 2002 vs. 153 in 2018).
06/14/2019
The Jersey directors then resigned and the group claimed that UK capital losses could be realised because the residence of the three companies switched to the UK upon the directors’ resignation.
06/14/2019
With the new licences, the New York-listed Chinese wealth manager will be able to give financial advice to high net worth individuals and family offices in Canada.
06/14/2019
So has it lived up to its expectations?
06/13/2019
At the end of April, the islands issued a joint guidance document which provided further clarification on the application of each CD’s economic substance legislation.
06/13/2019
The Dáil public accounts committee has also recommended a lowering of the threshold for high earners monitored by the unit.
06/13/2019
As a result, Revenue Commissioners have turned to rich lists, which are published by two Sunday newspapers each year.
06/13/2019
The former Winsome Diamonds Director has justified the default by stating that that the group’s customers in the Gulf region were hit by derivatives and commodities trading losses of US$1 billion and were unable to pay him.
06/12/2019
The idea of a tax on electronic transactions that the head of the banking institute at the University of Zurich favors, will probably provoke a rebuke from representatives of Swiss banking.
06/12/2019
The list includes companies that might be carrying out unauthorised or unsupervised wealth management or banking services.
06/12/2019
FBI praises island in fight against financial crimeFBI praises island in fight against financial crime
06/12/2019
The FCA launched the 5 Conduct Questions Programme in 2015, initially as a Supervisory tool for the Wholesale Banking sector
06/11/2019
We have prepared a summary of key measures governing the Mauritius budget 2019-2020 for your perusal.