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Panamanian business chamber CCIAP slammed the Financial Action Task Force (FATF) for putting the country back on its so-called grey list.... read more
UK lender Lloyds Banking Group PLC, recently froze accounts of 8,000 offshore banking customers in an effort to push back against money laundering. ... read more
Japan Post Bank Co plans to set a limit on over-the-counter international cash transfers of 5 million yen to combat money laundering, sources close to the matter say.... read more
Guernsey, Jersey, and the Isle of Man have finally committed to making records of company ownership public following years of fierce criticism from British MPs.... read more
The Kingdom’s accession comes as the FATF celebrates its 30th anniversary of its first meeting held in Paris in 1989.... read more
The Bahamas will not be considered for removal from a 12-strong list of nations with weaknesses in their anti-financial crime defenses until it completes its "action plan" by this September.... read more
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Trusts and Latin America: A Walk Down Memory Lane.
The trust is a highly flexible and adaptable instrument, as it can perform in a variety of venues and fulfil many needs. The needs of family groups in Latin America, especially in the absence of reliable institutional and economic sanctuary, make the
TCSPs: The New Gatekeepers of the Financial System
Recent developments in Anti-Money Laundering (AML) legislation are an indicator of the trend. In the last 12 months, there has been a flurry of new initiatives for practitioners and advisors to keep abreast of. In June 2018, the EU passed the Fifth A
OECD Addresses Tax Transparency Risks Linked to Citizenship and Residence by Inv
In September 2018, almost 90 jurisdictions automatically exchanged information pursuant to the OECD/G20 Common Reporting Standard (CRS), allowing tax authorities to gain insights in the financial accounts held by their taxpayers abroad.
Trade Wars Slow Economic Growth, Harm Welfare, and Push Assets Abroad
Protectionist policies will likely end up pushing even more capital away from domestic coffers and towards offshore financial centres, resulting in even more sluggish U.S. economic growth.
The UWO – How Far Can It Go?
There can be no doubt that financial crimes are committed and there is no question that the rule of law must be brought to bear with full force. But should combating crime mean having to create a hostile environment for wealth?
How Should the British Offshore World Respond to a Crisis of Reputation?
The Governments of the CDs and OTs have done everything their business sectors have asked of them. They've raised standards and worked with the UK Government to maintain an environment that allows businesses to succeed. And ’offshore’ businesses have
UAE, the International Corporate Registry of Choice.
Rak ICC: The United Arab Emirates (UAE) has been a destination of choice for starting or growing businesses for decades now. Most investors find its economic stability, steady growth, larger markets, investor-friendly processes and a tax-free regime
The Future of State Sovereignty and Taxation in The European Union.
Giving up independent taxation would wrench a crucial element of economic sovereignty out of the hand of national governments. The question cannot be considered in isolation; it is part of the entirety of the EU’s economic and political environment
THE OECD, the EU and Tax Fraud – but Whose?
The OECD and EU and their numerous academic fellow travellers have, since 1998, been engaged in perpetrating upon their putative masters in the G20 (and the peoples whom they are paid to serve) a massive intellectual fraud embracing economics, law, p
IFCs Need to Become Apple
In today’s regulatory environment, International Financial Centres (IFCs) have just one choice left – differentiation. IFCs need to be the Apple of their market segments. Here’s why.
Are Public Registers of Beneficial Owners in breach of the GDPR?
While the general anti-money laundering provisions have found their way into the statute books of virtually all EU member states, central registers are taking off slowly, mainly because of a fundamental debate they introduce on the relationship betwe
Hong Kong versus Singapore – Why Does It (not) Matter?
To achieve the growth of Asia, Singapore and Hong Kong should accept that they each have different strength and geographic focuses as well as essential commonalities.
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Latest Articles
Bermuda’s Reformed Charities Regime
  Read about Bermuda’s new Charities Amendment Act 2018 and find out what steps charity trustees of existing privately funded Bermuda charities will need to follow next. (01/12/2018)
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Latest Articles
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
Barbados' Chance to Lead in DLT Innovation is Now
  The rate at which the various island states are embracing FinTech varies. However, many small jurisdictions and their governments are sitting on what could be classified as a hotbed of opportunity. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
The Big Debate: How Credible are Tax Haven Blacklists?
  Fran Hendy, International Lawyer and Treaty Negotiator at Invest Barbados presents her stance. (31/07/2018)
Latest Articles
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Latest Articles
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Why the Bahamas Remains the Clear Choice
  The Bahamas continues to pursue its vision to be a globally competitive international business centre for wealth management, residency, capital investment in the Americas and emerging markets. Its ability to realise this vision has much to do with a (29/06/2018)
Bahamian Tax Policy: Strategic Considerations
  Industry participants recognise that carefully planned, sweeping changes to the tax system may impact The Bahamas’ competitiveness vis-à-vis other international financial centres, and the long-term success of the financial services sector will depend (29/06/2018)
The Bahamas: Clearly Focused
  "We have to be in a state of continuous improvement to ensure that we remain aligned with international standards. The work does not stop,” explains Tanya C. McCartney. (01/06/2018)