The former figure is also well below the 9.6 per cent minimum set by the Central Bank.
It is also the world’s leading jurisdiction for aircraft finance and leasing.
The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.
As part of this plan, several tax measures were announced in the budget statement.
Crowe Horwath’s license to audit became effective 19 July.
He highlighted one of the main problems that most banks, especially in the Caribbean, are faced with that could be attributed to their increasing their bank fees.
The revamping of the copyright protection framework was driven by the desire to encourage and support the work of local creators as well as offer greater protection to international creators who wish to invest or conduct business in Cayman.
The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.
The industry has seen successful developments, it has faltered slightly, according to report.
Alternative Banking Regime in the Isle of Man
The decision on whether to extend the passport rests with the European Commission, subject to the right of the European Parliament and European Council to raise objections.
The MIA recognises the need for an insurance regulatory framework which meets relevant international standards but which is also sufficiently proportionate to allow our members to continue to attract business.
CIMA has offered no explanation for its failure to protect foreign investors in this case
It may also be helpful for employers and trustees to seek advice on the implications of the Age Regulations for them
The cooperation and meaningful collaboration should be noted of Grand Bahama Port Authority and other stakeholders including the signatories to the Memorandum of Understanding.
The latest figures show that the appetite to use Jersey’s existing NPPR route is consistently strong amongst managers
The Paris MOU currently has 27 participating states.
It requires all non-U.S. (foreign) financial institutions to search their records for indicia indicating U.S. person-status and to report the assets and identities of such persons to the US Department of Treasury.
Documents obtained by the Star show Canada is lagging far behind other countries in convicting tax cheats who exploit offshore tax havens.
One big reason is that Beijing seems to have had success in cracking down on the flood of money leaving the country, which had been prompting sizable drawdowns in the central bank’s foreign currency reserves, to prop up the value of the yuan.