Government officials in the Bahamas are attempting to stay abreast in the competition for attracting international investors and businesses. The island nation recently passed the Commercial Enterprises Bill, which makes it easier for foreign companies to land there and obtain permits for non-Bahamian workers.
Peter McKiernan, the cofounder of RiskPass AML+Compliance Ltd., stood at his laptop last week at a seminar on anti-money laundering practices for cryptocurrencies, demonstrating to the audience how to transfer cryptocurrencies across borders.
A greater number of women may sit on the boards of Financial Times Stock Exchange 100 companies, but that does not mean women are achieving seniority.
Despite all that’s been written about U.S. worldwide income taxation and complex informational reporting requirements, many individuals, particularly those living outside the U.S., remain noncompliant.
A recent decision limits the authority of directors to present a winding- up petition.
There are very serious economic and financial implications for the British Virgin Islands as a consequence of the United Kingdom’s decision to impose public registers of beneficial ownership on the Overseas Territories.
Agent Gregory Coleman tracked his quarry, the so-called “Wolf of Wall Street,” for 10 years, ultimately sending him to a Nevada minimum-security prison for money laundering and securities fraud.
As the newest addition to the Women’s International Shipping and Trading Association, the Cayman Islands chapter received a warm welcome at WISTA’s general meeting and conference in Limassol, Cyprus.
Moderate growth in the U.S. in the context of a wider global slowdown led by reduced consumer demand is going to impact Cayman, especially in the tourism sector, according to Lindsey Piegza, chief economist at Stifel Fixed Income.
Had the Cayman Alternative Investment Summit taken place in early January instead of February, all the talk about investment risks and threats to the economy would have been about geopolitics.
There has been a flurry of activity over the past six months in the halls of the Financial Services Ministry in Cayman and its counterparts in the United Kingdom and the other overseas territories on how and when to share company ownership information with law enforcement and tax authorities overseas.
Even for jurisdictions that are used to moving goalposts in terms of international regulatory pressure, the passing on May 1 of a cross-party amendment to the Sanctions and Anti-Money Laundering Bill in the House of Commons, effectively ordering British Overseas Territories to establish public registers of beneficial ownership, was unique.
She would have driven the backhoe, dug the swimming pool and plumbed the pipes, but Suzy Soto merely removed the turtle grass, drove a truck and bore children.
BlackBerry phones are still a vital component for businesses, with some exciting developments on the horizon promising to make the devices even more popular.
With constant threats of blacklists, gray lists and other financial sanctions, the Cayman Islands and other British Overseas Territories have a long-standing contentious relationship with international bodies such as the European Union and the Organisation for Economic Co-operation and Development.
Charles Blazer secretly pleaded guilty to racketeering and money laundering on Nov. 25, 2013, ending a long, strange career at the top echelons of football bureaucracy.
The low level of yields within the euro zone may result in more muted effects from quantitative easing.
The British government announced a new public register that from 2021 will require overseas companies that own or buy property in the U.K. to identify their beneficial owners to tackle money laundering through property transactions.
It is difficult to see a bright future for offshore financial centers amid media attacks, international tax information exchange, initiatives to curb cross-border profit shifting by multinational companies, anti-tax avoidance measures, transparency efforts that erode financial privacy and more extensive compliance rules.
Shareholder value thinking is becoming acceptable for Japanese managers.