The total number of winding up petition filings in offshore jurisdictions dropped by more than a third last year compared to 2017, a trend that continued in 2019, offshore law firm Appleby noted in its latest Offshore Corporate Insolvency and Restructuring report.
By now, it is impossible for most people not to have heard of cryptocurrencies, tokens and coins. But as bitcoin and other crypto coins are not widely accepted as a means of payment, one question remains: what do these coins and tokens actually do?
The Financial Action Task Force issued new guidelines on Friday, including a requirement that virtual asset service providers (VASPs), such as crypto exchanges, will have to pass on customer information when transferring funds between firms.
The job placement and immigration application systems under the new Workforce and Residency Cayman (WORC) department will be more secure, transparent and consistent, and completely paperless, when they become active later this year, according to Director Sharon Roulstone.
A five-star skyscraper resort that is instantly recognisable all over the world would signal strength, attract visitors and potentially draw billionaire investors to Cayman, according to Justin Howe, executive vice president of Real Estate Development and Operations for Decco, Dart’s development arm.
Offshore law firm Walkers had to go all the way through the appeals process to the UK Privy Council to establish that its office in Bermuda, established in 2015, is locally controlled and should therefore be able to legally operate in the territory.
The automatic exchange of tax information under the common reporting standard are improving tax compliance and delivering concrete results for governments worldwide, the OECD said, citing new data released last week.
The administrative financial intelligence unit responsible for receiving and analysing financial disclosures related to suspected criminal proceeds received 935 suspicious activity reports last year, up from 868 reports in 2017.