tag:blogger.com,1999:blog-119907122007-07-16T17:31:43.354+12:00JeremyBlogger402125tag:blogger.com,1999:blog-11990712.post-68795325626542558252007-07-16T17:30:00.000+12:002007-07-16T17:31:43.602+12:00

The rise of the global economy has increased international transactions and enabled money to be moved very quickly. Offshore financial centers are thought to be safe havens for financial assets acquired illegally, but they may also offer some legal financial advantages for multinational companies and wealthy individuals. Most of these financial centers are located in small jurisdictions or

Jeremytag:blogger.com,1999:blog-11990712.post-14135756693166053932007-07-16T17:28:00.000+12:002007-07-16T17:29:28.725+12:00

Financial planners will know by now that the new anti-money laundering (AML) regime takes a risk-based approach, requiring designated service providers to implement their own risk framework for identifying and treating AML risks. Money laundering tools Money laundering techniques evolve to avoid detection. Any example that you read about will, self-evidently, be examples of money laundering

Jeremytag:blogger.com,1999:blog-11990712.post-1157455124678656992006-09-05T23:18:00.000+12:002007-04-05T02:16:32.506+12:00

Duncan Campbell in London September 5, 2006 BRITAIN, the United States and Switzerland are among the world's most corrupt countries, a tax expert says. The failure of these and other developed countries to clamp down on offshore tax havens is responsible for more hardship than any corrupt acts by Third World leaders, John Christensen, formerly an adviser to the government of the Channel island

Jeremytag:blogger.com,1999:blog-11990712.post-1157375432324484012006-09-05T01:09:00.000+12:002006-09-05T01:10:32.346+12:00

Tax havens 'put Britain high on list of corrupt countries' By Charles Clover (Filed: 02/09/2006) Britain is high on a list of the world's most corrupt countries, along with the United States and Switzerland, because of the refuge it offers to dirty money in tax havens such as the Channel Isles and the Isle of Man, researchers said yesterday. Britain deserves inclusion high on any list of

Jeremytag:blogger.com,1999:blog-11990712.post-1144280626318725432006-04-06T11:43:00.000+12:002006-04-06T11:43:46.320+12:00

The Isle of Man has both maintained and improved its competitiveness and currently stands as one of the world’s leading jurisdictions for e-business, according to a recently published report. The findings of the report by Charteris, the IT consulting firm, were announced by the Isle of Man government last week, and according to the company, the Isle of Man has been "very successful in

Jeremytag:blogger.com,1999:blog-11990712.post-1144280537321411522006-04-06T11:41:00.000+12:002006-04-06T11:42:17.363+12:00

Liechtenstein is unlikely to dispense with its coveted banking secrecy laws any time soon because such a measure would probably not be approved if put to a referendum, according to Prince Alois, ruler of the Principality. Prince Alois told Bloomberg News in an interview published on Monday that banking secrecy is "very firmly anchored" in Liechtenstein and any proposed watering down of

Jeremytag:blogger.com,1999:blog-11990712.post-1143715297930213462006-03-30T22:30:00.000+12:002006-03-30T22:41:37.966+12:00

A sunny place for shady people but Monaco doesn't want Mark Thatcher · Residency will not be renewed when it expires · Prince attempting to clean up state's reputation Kim Willsher, Paris Wednesday December 21, 2005 The Guardian Monaco has declared Sir Mark Thatcher persona non grata because Prince Albert wants to shake off its reputation as a haven for shady businessmen. Margaret Thatcher's

Jeremytag:blogger.com,1999:blog-11990712.post-1143714559224271322006-03-30T22:28:00.000+12:002006-03-30T22:29:19.233+12:00

Let's go offshore! by Anthony A.R Gunn, Managing Director of IMT Offshore; since 1969, helping international business water its own green pastures Thursday, November 3, 2005 And so it came to pass that that the OECD and FATF black-listed much of the Caribbean region's offshore financial services sector as "a bad egg", traditionally robust banana and sugar exports were "dead", tourism was

Jeremytag:blogger.com,1999:blog-11990712.post-1143714430781386952006-03-30T22:25:00.000+12:002006-03-30T22:27:10.786+12:00

The Lawyer global offshore report The UK Government's more rigorous approach to tackling fraud has created unexpected challenges for offshore advisers. Helen Ratcliffe reports The National Audit Office's February 2003 report 'Tackling Fraud Against the Inland Revenue' noted that offshore accounts and structures present a "major threat of serious fraud". Since then the UK has seen a raft of new

Jeremytag:blogger.com,1999:blog-11990712.post-1143714235532049982006-03-30T22:23:00.000+12:002006-03-30T22:23:55.543+12:00

Switzerland may still have the reputation for discreet banking, but funds can no longer take advantage of Swiss banking secrecy laws. Michael Fischer reports Switzerland has sometimes been perceived as insular as far as regulation of its financial system is concerned. That view is in need of revision. Switzerland has entered into various bilateral agreements with the EU, recently deciding to

Jeremytag:blogger.com,1999:blog-11990712.post-1143713785599260222006-03-30T21:58:00.000+12:002006-03-30T22:16:25.656+12:00

WEALTHY savers are finding ever more creative ways to dodge a Europe-wide crackdown on offshore tax havens that came into force on July 1, writes Kathryn Cooper. The latest escape route, dreamt up by Swiss private banks, uses a type of Luxembourg-based investment firm called a Sicav (societe d'investissement a capital variable). The schemes are not subject to the EU savings-tax directive, which

Jeremytag:blogger.com,1999:blog-11990712.post-1143709771934023292006-03-30T21:08:00.000+12:002006-03-30T21:09:32.113+12:00

NEW TAX STRATEGY COULD DESTROY JERSEY GUERNSEY could go bust within the decade as a result of the Isle of Man's aggressive tax policy according to a UK expert. Richard Murphy, an adviser to the tax justice network, has accused the Island of trying to destroy The Channel Islands. He said that Treasury's latest proposals to cap corporate tax could be the final nail in the coffin for Jersey and

Jeremytag:blogger.com,1999:blog-11990712.post-1143705066385721042006-03-30T19:48:00.000+12:002006-03-30T19:51:06.410+12:00

by Mike Godfrey Tax-News.com Just when it appeared that Costa Rica's long-delayed fiscal reform plan was about to see the light of day, a ruling by the country's constitutional court has stopped the plan dead in its tracks, possibly terminally. In a ruling released last Wednesday, the Sala IV constitutional court once again ruled that supporters acted illegally in the Legislative Assembly by

Jeremytag:blogger.com,1999:blog-11990712.post-1142148120744378752006-03-12T20:22:00.000+13:002006-03-28T17:27:09.000+12:00

This article takes some of the mystery of the offshore incorporation process. It brings you a summary of the different stages which the incorporator goes through when setting up an offshore company.JURISDICTIONThere are many optional offshore jurisdictions in which you can incorporate your business. In this guide we focus on two of the most popular jurisdictions and list other separately.Cayman

Jeremytag:blogger.com,1999:blog-11990712.post-1141730603366682382006-03-08T00:23:00.000+13:002006-03-08T00:23:23.466+13:00

  By Tracey Meagher Tracey Meagher sources international property developments for agents selling in the Irish market. She also maintains Property Newsdesk, an international property news portal. She can be contacted at tracey@propertynewsdesk.com The temperature is continuing to rise in the Dubai property market, with hot new developments selling out in hours. But as speculators buy and sell

Jeremytag:blogger.com,1999:blog-11990712.post-1139807986719297672006-02-13T18:19:00.000+13:002006-02-13T18:19:46.846+13:00

During Roman times, the settlement was thought to have been blessed by the gods due to its fertility, favourable climate and proximity to precious mineral deposits. This led the Moors to later name the town Alhaurin, literally meaning the Garden of Allah.The town has undergone many tribulations, including an earthquake in 1680, various plagues, and numerous invasions and occupations by the French

Jeremytag:blogger.com,1999:blog-11990712.post-1139806641761470802006-02-13T17:57:00.000+13:002006-02-13T17:57:21.916+13:00

Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays! In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades.And opening an offshore bank account in this day and age couldn’t be simpler either! Here are five straightforward steps to take towards opening an

Jeremytag:blogger.com,1999:blog-11990712.post-1137570079701561522006-01-18T20:41:00.001+13:002006-01-18T20:41:19.766+13:00

The world’s economies still dance to different tunes and have different boom and bust cycles that tend to offset each other, even though the differences are getting smaller. As a result, international stocks can provide diversification for a portfolio heavy in U.S. stocks. Between June 1997 and October 1998, for example, Japan’s Nikkei index lost almost 40%, but European markets did well due to

Jeremytag:blogger.com,1999:blog-11990712.post-1137570074269160612006-01-18T20:41:00.000+13:002006-01-18T20:41:14.280+13:00

 by: Marquez Comelab There are many markets: markets for stocks, futures, options and currencies. These are probably the most accessible markets for everyday traders like you and I. People easily understand the basics of trading shares, so I will occasionally use examples from that market. I began trading shares first and then I moved on to trading currencies; therefore, most of the examples I

Jeremytag:blogger.com,1999:blog-11990712.post-1137569930345740062006-01-18T20:38:00.000+13:002006-01-18T20:38:50.356+13:00

 by: T. O' Donnell There is no need to use the many middleman websites you will find via a search engine. In fact, most of these are *bogus*, even the slick-looking ones. More and more banks are offering offshore internet bank accounts direct. Just get a list of banks in the country you're interested in, and go to their web sites. See the Google Open Directory here: http://directory.google.com/

Jeremytag:blogger.com,1999:blog-11990712.post-1136969414998349332006-01-11T21:50:00.000+13:002006-01-11T21:50:15.016+13:00

`So much to do, so little time!''George Bernard Shaw is said to have remarked on his death-bed.While the same degree of pre-destiny might not be as urgent for expatriates leaving postings aftermany years overseas as it was for one of history's most famous playwrights, there are still manythings to consider before final departure. How many of us give sufficient time to the financialareas of our

Jeremytag:blogger.com,1999:blog-11990712.post-1136969375770731162006-01-11T21:49:00.000+13:002006-03-13T22:00:18.056+13:00

Darrin CulmerThe Bahamas must strengthen the regime it has in place for regulation of its vital financialservices sector and not become complacent now that the Financial Action Task Force (FATF) hasdiscontinued its monitoring of the country, according to Attorney General and Minister of EducationAlfred Sears.Minister Sears reported Friday that after five years of monitoring this country the FATF

Jeremytag:blogger.com,1999:blog-11990712.post-1136969320008868272006-01-11T21:48:00.000+13:002006-01-11T21:48:40.020+13:00

NEW YORK, Oct 20 (Reuters) - Bank of New York Co. on Thursday said it set aside $14 million for anexpected settlement of an investigation by federal prosecutors related to a Russian money-launderingconspiracy.The long-running probe by the U.S. Attorney for the Southern District of New York concerns accountsat the bank once controlled by former bank executive Lucy Edwards, her husband Peter Berlin

Jeremytag:blogger.com,1999:blog-11990712.post-1136969187113573582006-01-11T21:46:00.000+13:002006-01-11T21:46:27.123+13:00

The Central Bank of The Bahamas has revoked the licence of Leadenhall Bank and Trust Company Limitedto protect the interests of depositors of the bank."Revocation has been made on the grounds that the company has been placed into liquidation," saidthe bank's notice, dated October 20, 2005.In addition, Craig A. Gomez has been appointed liquidator of the bank and is authorized to assumecontrol of

Jeremytag:blogger.com,1999:blog-11990712.post-1136968500715942252006-01-11T21:35:00.000+13:002006-01-11T21:35:00.733+13:00

Ten more people have been charged with criminal offences in the KPMG tax shelter case, USprosecutors announced on Monday.Prosecutors also revealed that the range of alleged offences had been expanded from conspiracy todefraud the Internal Revenue Service to tax evasion.KPMG's US business admitted in August that it helped wealthy individuals to evade tax on billions ofdollars of income and capital

Jeremy