Mondaq Offshore: Government, Public Sector > Money Laundering
Appleby
With flexible and commercially minded legislation, an innovative approach to anti-money laundering (AML) compliance, political stability and an internationally recognised securities regulatory regime.
Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Ogier
Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
Walkers
This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.
Maples Group
The Cayman Islands achieved ratings of either Compliant or Largely Compliant for 27 out of the 40 Recommendations, with no 'Non-Compliant' ratings.
Elias Neocleous & Co LLC
Under the current legal framework in Cyprus, shares can be held through nominees, which can be either individuals or entities, in trust for the beneficial owner of the shares without public disclosure of the ultimate owner's identity.
C.Savva & Associates Ltd
Member States may decide that obliged entities are responsible for filling in the register.
Elias Neocleous & Co LLC
The US Department of Treasury Assistant Secretary for Terrorist Financing, Marshall Billingslea, visited Cyprus 18 & 19 April "to ensure that Cyprus has a strong and healthy financial sector"
Elias Neocleous & Co LLC
The report acknowledges the exit taxation rules adopted by the EU in the ATAD I and the implementation of the BEPS action plan.
Appleby
This Act repeals the European Communities (Isle of Man) Act 1973 and makes provisions consequent upon the withdrawal of the UK from the EU (Exit Day).
Appleby
The revised Handbook on Countering Financial Crime and Terrorist Financing (Handbook), issued by the Guernsey Financial Services Commission (GFSC), came into operation on Monday 1 April 2019.
Ogier
The Commission is committed to international regulatory co-operation and is a signatory to the IOSCO and IAIS memorandums of understanding.
Dillon Eustace
On 22 March 2019 the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (the "Regulations") were signed into law.
Maples Group
On 10 April 2019, Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (the "CSSF"), published CSSF circular 19/716 (the "Circular")
Arendt & Medernach
On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services
Chevalier & Sciales
On 13 January 2019 the Luxembourg parliament adopted a new law relating to the register of beneficial owners (hereafter the "Law").
Chetcuti Cauchi Advocates
A national centre agency, the FIAU seeks to prevent money laundering and the funding of terrorism.
KPMG Malta
Such introduction of such punitive measures may require businesses to re-assess their control mechanisms and risk appetite.
KPMG Malta
The 5AMLD also sheds light on the issue of anonymous prepaid cards originating from third States, whose standards may not be in line with international trade rules.
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Playbell & Co
On the 02 November 2018 the Central Bank of Cyprus issued a circular to all credit institutions under its supervision revising the definition of "shell companies"...
Chevalier & Sciales
On 13 January 2019 the Luxembourg parliament adopted a new law relating to the register of beneficial owners (hereafter the "Law").
Elias Neocleous & Co LLC
The report acknowledges the exit taxation rules adopted by the EU in the ATAD I and the implementation of the BEPS action plan.
Arendt & Medernach
On 12 April 2019, the CSSF released its Circular letter 19/716 on the provision in Luxembourg of investment services or performance of investment activities and ancillary services
Cayman Islands Government
Failure to comply may result in administrative penalties being applied, Mr Rajkumarsingh said.
Ogier
Generally there was a clear understanding of the reliance concept, it being the predominant compliance option taken by investment funds.
C.Savva & Associates Ltd
Member States may decide that obliged entities are responsible for filling in the register.
Appleby
With flexible and commercially minded legislation, an innovative approach to anti-money laundering (AML) compliance, political stability and an internationally recognised securities regulatory regime.
Ogier
Real estate agent and brokers, property developers and certain other Designated Non-Financial Businesses and Professions (DNFBPs)
Walkers
This advisory provides a summary of the key points only and we would be happy to advise in further detail if required.
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