The Cayman Ministry of Financial Services has launched a consultation on the changes needed to enable public access to beneficial ownership information.
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The Bermuda Monetary Authority has recently released a discussion paper on its plans to broaden its mandate by developing a conduct of business regime for the financial services sectors it regulates.
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
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.
From April 1, 2019, taxpayers with an annual turnover of MVR50m (USD3.25m) or more will be required to make payments to the Maldives Inland Revenue Authority via the MIRAconnect online tax administration portal.