News Stories Tagged 'legislation'
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IoM Strengthens Anti-Money Laundering Law
by Jason Gorringe, Lowtax.net, London
26 June, 2018
The Isle of Man Government has announced the Anti-Money Laundering and Other Financial Crime (Miscellaneous Amendments) Act 2018 has received Royal Assent and is now law.
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Cayman Considering Legal Challenge To UK Beneficial Ownership Law
by Mary Swire, Lowtax.net, Hong Kong
14 June, 2018
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory's constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
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DIFC To Update Corporate, Beneficial Ownership Laws
by Lorys Charalambous, Lowtax.net, Cyprus
04 June, 2018
The Dubai International Financial Centre, the low-tax financial hub, is proposing reforms to the regulation of companies, including imposing new beneficial ownership disclosure requirements.
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Gibraltar Says It Will Not Cede An Inch On Sovereignty
by Jason Gorringe, Lowtax.net, London
23 May, 2018
Gibraltar's Deputy Chief Minister, Joseph Garcia, has told a cross-party delegation of UK parliamentarians that Gibraltar "will not cede an inch of its sovereignty, jurisdiction, and control," discussing Spanish relations amid Brexit talks.
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UK Overseas Territories Hope To Derail Beneficial Ownership Plans
by Jason Gorringe, Lowtax.net, London
03 May, 2018
The British Overseas Territories have condemned a UK Government proposal to compel the jurisdictions to publicly disclose the beneficial ownership of legal entities established in their territories.
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ADGM, Anaklia Special Economic Zone Forge Ties
by Lorys Charalambous, Lowtax.net, Cyprus
12 April, 2018
Abu Dhabi Global Market, the international financial center in Abu Dhabi, and Georgia's Anaklia Special Economic Zone, located on the Black Sea, have agreed to collaborate on initiatives to bolster growth in their respective financial markets.
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DIFC's New Trusts Laws Boost Wealth Planning Offering
by Lorys Charalambous, Lowtax.net, Cyprus
26 March, 2018
The Dubai International Financial Centre's private wealth management and succession planning offerings have received a boost with the enactment of two new laws dealing with the establishment of trusts and foundations.
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Guernsey's 10-Year-Old Trusts Law 'Ahead Of Its Time'
by Jason Gorringe, Lowtax.net, London
23 March, 2018
Guernsey's trusts law, which came into force 10 years ago, has been described as "ahead of its time" and "a reminder of the jurisdiction's ability to innovate and adapt to changing market conditions" by leading trust and fiduciary lawyer Russell Clark.
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Bahamas Overhauls Corporate Services Provider Rules
by Jason Gorringe, Lowtax.net, London
22 March, 2018
The Securities Commission of the Bahamas has released a package of draft legislation in connection with its initiative to modernize the regulation of financial and corporate service providers.
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Malta To Consolidate Gaming Laws
by Amanda Banks, Lowtax.net, London
20 March, 2018
Malta is to table a new Gaming Bill in parliament, according to Malta's Parliamentary Secretary for Financial Services, Digital Economy, and Innovation, Silvio Schembri.
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