13th July 2016
Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime which are set out below.  These developments concern sanctions relating to Liberia, Cote d’Ivoire and Syria. LIBERIA In recognition of the sustained progress made by the Government of Liberia in rebuilding Liberia… Read More
13th July 2016
New Zealand said on Wednesday it will introduce a registry of foreign trusts that local tax and law enforcement agencies could use to investigate suspected money laundering and tax evasion. The registry was recommended after an independent review by accountant John Shewan last month, in the wake of the Panama… Read More
8th July 2016
Authorities investigating FPB Bank in connection with Car Wash corruption probe Read More
6th July 2016
Measures to identify real ownership of companies and a law clamping down on offshore avoidance in the pipeline Read More
5th July 2016
UBS said on Tuesday that it had been ordered by the Swiss Federal Tax Administration to share account information regarding current and former clients with the tax authorities in France. It is the latest development in a continuing effort by the tax… Read More
4th July 2016
Private investigators have reported that two of the “Cayman Gang of Four”, Derek Buntain and Sharon Lexa Lamb, the fired president, and senior vice president respectively of closed Dundee Merchant Bank, used their shell company, Winterborne Management Ltd (WML) to steal and move tens of millions of dollars into a… Read More
29th June 2016
Jersey’s financial services regulator, the Jersey Financial Services Commission, has warned the public to be wary of unregulated investment opportunities. The Commission said: “In the current prolonged low-interest rate environment, consumers with money to invest can be tempted by products which appear to offer a high rate of return …… Read More
28th June 2016
French finance prosecutors have asked for Swiss bank UBS to face trial for allegedly orchestrating a vast system of tax fraud in France, a legal source said on Monday. The prosecution requested that UBS face trial for “aggravated laundering of tax fraud proceeds” while its French branch be judged… Read More
28th June 2016
The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More
27th June 2016
Australian market regulator Australian Securities & Investments Commission (ASIC) said it has commenced proceedings against Macquarie Investment Management Ltd (MIML) as the responsible entity of the van Eyk Blueprint International Shares Fund (VBI Fund). The proceedings involve investments of $30m made by the VBI Fund in 2012 into a Cayman… Read More