How international financial centers can survive in the age of automatic exchange of information and transparency This year marked a turning point for international financial centers (IFCs), especially those that are British Overseas Territories (BOTs) and Crown Dependencies (CDs), in terms of the future landscape on which they will compete, cooperate and provide their […]
Following a global trend of combating tax evasion, foreign currency drain and money laundering, as well as complying with the foreign treaties entered into for such purposes (such as the adherence to the Foreign Account Tax Compliance Act (FATCA), to the Convention on Mutual Administrative Assistance in Tax Matters and the BEPS – Base Erosion and Profit […]
On Aug. 12, 2013, the Eastern Caribbean Central Bank took control of Anguilla’s two indigenous banks, the National Bank of Anguilla Limited (NBA) and Caribbean Commercial Bank (Anguilla) Limited (CCB) under the powers granted to it under the Eastern Caribbean Central Bank Agreement Act which established the central bank within the laws of Anguilla.1 The […]
The data leak from the Panamanian law firm, Mossack Fonseca (MossFon), styled by the media as the Panama Papers, has been discussed, dissected and reported on ad nauseam over the past few months, and the issue will remain in the headlines for the foreseeable future. The purpose of this article is to lay out some […]
Following a global trend of tax evasion, foreign currency drain and money laundering fighting, as well as complying with the foreign treaties entered into for such purposes, the Brazilian government has enacted this year a pack of rules aiming at combating the crimes referred to herein above. The first rule was published in January of […]
Lawyer Monthly recently conducted an interview with Calum McKenzie, Director at Folio Corporate Services Limited. Calum McKenzie has worked in the offshore financial services industry for over 16 years. When we last spoke in April 2015, you told me what makes the British Virgin Islands attractive to foreign businesses. Has this changed at all in […]
Read the latest article by Calum McKenzie as published in Hedgeweek. Regulatory and investor pressure have drastically altered the hedge fund industry in recent years. With managers increasingly looking for fund administrators to provide more middle-office and value-added services, whilst at the same time squeezing them on fees, the situation has become a Gordian Knot. […]
In June 2014, the government of Anguilla published for public consultation, a document entitled: “Enhancing the transparency of Anguillian company ownership and increasing trust in Anguillian business.” The document stated that the objectives of the consultation, which is currently ongoing until later in the summer, are to ascertain the public’s views on: Whether the commercial […]
All Andorra Interviewed Mr. Files on the Banca Privada d’Andorra scandel. Mr. Files shares the roots of the problem, and it was not the US singling out Andorra. Mr. Files also shared a general overview of where Andorra sits in the world of Offshore Finance and some choices that could be made for the way […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Atlantic International Corp. Services Ltd Atlantic International Corp. Services Ltd. was established in 1999 to offer the service of forming and maintaining Belize International Business Companies (Belize IBC’s). However, with Belize becoming one of the fastest growing international jurisdictions in the world, […]
By: Carlyle K. Rogers and Jean M. Dyer Recent moves by the Turks and Caicos Islands (TCI) government to enact legislation to provide for an investor residency program has thrown into the spotlight the issue as to whether or not economic citizenship and residency programs could be an option for IFCs seeking to increase government […]
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