News Stories Tagged 'Financial Action Task Force (FATF)'
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FATF To Support OECD's Push For Tax Transparency
by Jason Gorringe, Lowtax.net, London
12 October, 2016
The Financial Action Task Force will place greater emphasis on the implementation of global transparency standards, according to a recent report to G-20 Finance Ministers.
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Anguilla Proposes To Abolish Bearer Shares
by Mike Godfrey, Lowtax.net, Washington
07 September, 2016
Anguilla has launched a consultation on the abolition of bearer share warrants and the conversion of issued bearer shares to ordinary registered shares.
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Caribbean's Correspondent Banking Crisis On G20 Agenda
by Jason Gorringe, Lowtax.net, London
26 August, 2016
The Financial Stability Board has released a report that assesses the impact on the global financial system of the fall in correspondent banking relationships, which is a key issue for Caribbean finance centers in particular.
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Bank De-Risking Highlighted At Commonwealth Meeting
by Jason Gorringe, Lowtax.net, London
18 August, 2016
The Commonwealth Secretariat recently hosted a public meeting to discuss the findings of a survey into the challenges faced by its members with respect to the drop in correspondent banking relationships, or bank "de-risking."
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Cayman Islands Preparing For Anti-Money Laundering Review
by Mike Godfrey, Lowtax.net, Washington
05 August, 2016
The Cayman Island's financial services industry, financial regulators, and the territory's Government are preparing for a mid-2017 review of the territory's anti-money laundering regime by the Caribbean Financial Action Task Force.
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BVI, Overseas Territories Discuss Tax With EU
by Mike Godfrey, Lowtax.net, Washington
27 June, 2016
Officials from the British Virgin Islands joined representatives from other overseas countries and territories to discuss anti-tax avoidance initiatives with the European Commission.
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Jersey Praised In Anti-Money Laundering Report
by Amanda Banks, Lowtax.net, London
25 May, 2016
Jersey is a "well-established international financial center, with a mature and sophisticated anti-money laundering and counter-terrorism financing regime" according to a report issued by the Council of Europe.
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BVI Shrugs Off Recent Financial Services Criticism
by Mike Godfrey, Lowtax.net, Washington
11 May, 2016
The Premier of the British Virgin Islands, Orlando Smith, has reiterated his Government's commitment to the territory's financial services industry.
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OFCs Join G5 Beneficial Ownership Initiative
by Jason Gorringe, Lowtax.net, London
25 April, 2016
Bermuda, Gibraltar, and the Isle of Man Governments have agreed to support an initiative on the automatic exchange of beneficial ownership information, which is being spearheaded by the five largest economies in the European Union.
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CARICOM Defends Caribbean IFCs After Panama Leaks
by Mike Godfrey, Lowtax.net, Washington
12 April, 2016
The Caribbean Community says it is concerned that its member states and associate members' international financial centers are again being labelled "tax havens" following the "Panama Papers" leak.
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