Featured Caribbean

Jeffrey Epstein’s Opaque Finances Could Become Focal Point for Investigators

The money, tens of millions of dollars of it, would flow among Jeffrey Epstein’s dozens of bank accounts, shell companies and, at times, charities linked to high-powered friends. Where was the money going? What was it for? Who was actually sending and receiving it? A convicted pedophile and accused sex… Read More

These idyllic Caribbean islands are trading illegal Venezuelan gold. Can it be stopped?

It was a typically hot Saturday afternoon in Aruba when Rafael González Zambrano thought he had completed a routine operation, one he had been doing for about seven years already. After declaring the goods he was carrying, the Venezuelan-born man with a Dutch passport was escorted to his plane by… Read More

HSBC agrees to 300 mln euro settlement of Belgian tax fraud case: prosecutors

HSBC’s Swiss private banking arm has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the Alpine state’s banking sector from the EU. The settlement comes after a French court in February ordered… Read More
30th July 2019
John Christensen called Jersey home. A native of the scenic isle off England’s southern coast, he was a government economist with a hillside villa that had views of France. “I was set,” Christensen said last month in an interview at a London cafe. “We had a pretty good lifestyle and… Read More
18th July 2019
Financier Jeffrey Epstein is an accused sex trafficker. This much we know. The new SDNY investigation will hopefully cure the bogus plea deal Epstein received in Florida at the direction of then-U.S. Attorney Alex Acosta, who is now an ex-secretary of… Read More
17th June 2019
The Caribbean island of Dominica has been removed from a European Union list of tax havens, the EU said on Friday. Dominica changed its tax rules to comply with EU requirements meant to reduce the risks of tax evasion, the EU said in a statement. The EU said 11 jurisdictions… Read More
15th May 2019
European Union finance ministers are set to remove this week the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados from the bloc’s blacklist of tax havens, an EU official said on Monday. The three islands were added to the list in March because the EU… Read More
13th March 2018
The European Council has added three states to the Annex 1 list of non-cooperative jurisdictions, dubbed the EU tax blacklist, saying they have failed to make commitments at ‘a high political level’ to address issues raised. The Bahamas, Saint Kitts and Nevis and the US Virgin Islands were added on… Read More
27th November 2017
KYC360 News Jamaica’s banking sector is stable however its ‘poor regulatory oversight’ is negatively affecting the banking industry risk, according to a report by Standard and Poors (S&P). In its Banking Industry Country Risk Assessment, the ratings agency classified Jamaica’s banking sector within group ‘9’ – alongside countries such as… Read More
7th November 2017
Cayman Compass A long-anticipated review of Cayman’s anti-money laundering and anti-terrorism financing protections is due to occur next month and Attorney General Samuel Bulgin has warned the territory not to expect an easy pass. “We are fully aware that the upcoming review by the Caribbean Financial Action Task Force… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
18th October 2017
Digital ledger, or blockchain technology, is set to change the way both private companies and governments do business, says Mat McGuire, a financial crime risk management expert from Canada. The technology has substantial utility as a solution to money laundering and tax evasion, notwithstanding growing concerns about its use in… Read More
17th October 2017
Barbados minister of industry and international business, Donville Inniss has revealed that his ministry is in the process of revoking the licences of four international business companies, as he urged regulators who have concerns with any of their clients to have those concerns clarified quickly or “dump them”. In an… Read More