The Government of the British Virgin Islands has reiterated its commitment to working toward establishing a publicly accessible register on the beneficial ownership of companies.
The Isle of Man has launched a consultation on legislative changes to ensure the territory remains fully compliant with international standards on recording details of the beneficial owners of legal entities.
The governments of Jersey, Guernsey, and the Isle of Man have jointly announced a series of steps to improve the accessibility and transparency of their respective registers of beneficial ownership information.
Hoping to establish itself as a pioneer in the use and development of blockchain technology, the Dubai International Financial Center has announced its Courts are to work towards the creation of the first „Court of the Blockchain,“ involving work on how blockchain technology can be used to enforce court rulings and separately on the resolution and mitigation of disputes concerning blockchain-enabled contracts.
Abu Dhabi Global Market (ADGM), the low-tax financial hub, recently announced its courts will be able to enforce judgments, decisions, orders, and arbitral awards made or ratified by courts in the emirate.
The Securities Commission of the Bahamas has published three new policies on its website clarifying its position on various aspects of securities laws and the Financial and Corporate Service Providers Act.