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.
Lowtax.net News: Isle of Man To Improve Beneficial Ownership Register
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.
Lowtax.net News: Bermuda Monetary Authority To Overhaul Enforcement Approach
Bermuda’s financial services regulator, the Bermuda Monetary Authority, has set out plans to change its enforcement processes.
Lowtax.net News: Jersey, Guernsey, Isle of Man To Make Company Info Public
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.
Lowtax.net News: Cayman To Broaden Regulation Of Securities And Investments
The Cayman Islands plans to broaden the territory’s regulatory regime for securities and investments.
Lowtax.net News: Guernsey Fully Compliant With Latest Tax Transparency Standards
Guernsey has received an overall rating of „compliant“ from the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.
Lowtax.net News: DIFC Seeking To Establish ‚Court Of The Blockchain‘
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.
Lowtax.net News: IoM Strengthens Anti-Money Laundering Law
The Isle of Man Government has announced the Anti-Money Laundering and Other Financial Crime (Miscellaneous Amendments) Act 2018 has received Royal Assent and is now law.
Lowtax.net News: Recognition For Abu Dhabi’s Courts In New MoU
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.
Lowtax.net News: Bahamas Regulator Issues New Securities Policies
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.