News Stories Tagged 'banking secrecy'
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Caribbean Community Seeks Swedish Support On Tax Issues
by Mike Godfrey, Lowtax.net, Washington
21 August, 2017
The Secretary-General of the Caribbean Community, Irwin LaRocque, has urged Sweden to use its position in two major international organizations to highlight the unfair labeling of some Community member states as "non-cooperative tax jurisdictions."
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ADGM Joins Global Data Protection Forum
by Jason Gorringe, Lowtax.net, London
15 August, 2017
Abu Dhabi Global Market, the low-tax international financial center, has been granted observer status at the International Conference of Data Protection and Privacy Commissioners, the premier global forum for data protection regulators and privacy authorities.
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FATF Guidance Seeks To Stem Bank De-Risking Crisis
by Mike Godfrey, Lowtax.net, Washington
26 October, 2016
The Financial Action Task Force has released guidance it has developed to respond to the decline in correspondent banking relationships, which is a key issue for many Caribbean financial centers.
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US Explains Correspondent Banking Due Diligence Expectations
by Mike Godfrey, Lowtax.net, Washington
31 August, 2016
The US Government has issued comprehensive guidance in the area of correspondent banking on the expectations of US regulators, the supervisory examination process, and the use of enforcement actions.
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Cyprus Central Bank Bolsters AML, CTF Directive
by Lorys Charalambous, Lowtax.net, Cyprus
13 April, 2016
The Central Bank of Cyprus has announced it has strengthened its Directive on the prevention of money laundering and terrorist financing.
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FATF Decision For Panama Positive For Local Banks, Says Moody's
by Mike Godfrey, Lowtax.net, Washington
09 March, 2016
Panama's removal from the Financial Action Task Force's gray list on money laundering is positive for Panama's sovereign credit rating and banks operating in Panama's financial sector, ratings agency Moody's said.
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Cayman Tells UK Of Beneficial Ownership Transparency Plans
by Jason Gorringe, Lowtax.net, London
04 March, 2016
Cayman Finance has welcomed discussions between the Cayman Islands Government and the UK concerning transparency with respect to the beneficial ownership of legal entities.
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FATF To Review Panama's Transparency Efforts In 2016
by Mike Godfrey, Lowtax.net, Washington
27 October, 2015
The Financial Action Task Force is to visit Panama in 2016 to review the country's efforts towards improving financial transparency, according to a recent announcement from Panama's Ministry of Economy and Finance.
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IoM Flags Up Approaching FATCA Deadline
by Jason Gorringe, Lowtax.net, London
19 June, 2015
The Isle of Man Treasury has highlighted that the deadline for Manx reporting financial institutions to submit their first US FATCA reports to the Income Tax Division is less than two weeks away.
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Channel Islands' Contribution Praised At EU Meetings
by Jason Gorringe, Lowtax.net, London
11 May, 2015
Jersey's Chief Minister, Ian Gorst, and his Guernsey counterpart, Jonathan Le Tocq, recently met senior European parliamentarians and representatives from the European Commission to highlight their financial services industries' contribution to the EU's economy.
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