The so-called Panama Papers, released in spring 2016, stemmed from the offices of the Panamanian legal firm Mossack Fonseca and detailed a complex web of offshore dealings by wealthy individuals, politicians and celebrities around the world.
The Bermuda Government has opposed that ever since, on the grounds that if other countries are not required to do it, it would cause the island economic damage.
The agreement will see Jersey and Bahrain working to promote the benefits of businesses operating in each other’s locations, further collaboration of women in the sector, and an opportunity for members of Digital Jersey and Bahrain FinTech Bay to us
Beneficial owners are any individual or individuals who directly or indirectly own or control more than 25% of the shares, voting rights or interests in a company or who control a company by other means.
The Bailiwick’s Data Protection Commissioner, Emma Martins, commented on the trends observed in thenature of the breaches reported.
For the purveyors of technology-assisted financial crimes, identity, account access, and payment data are the golden keys that open the door to these organizations’ proverbial bank vaults.
The independent research, commissioned by Guernsey Finance and carried out by consultancy Gibson Strategy in February and March this year, interviewed family offices, high net worth families and corporate service providers.