Clinton Foundation to assist St Kitts-Nevis with renewable energy initiatives
From Caribbean360 BASSETERRE, St. Kitts, CMC – Prime Minister Dr. Denzil Douglas says the twin-island Federation will receive assistance from the US-based Clinton Foundation to improve efforts in developing the renewable energy sector. He says he expects the collaboration will…
EU single market in financial services seen to remain a challenge
By Helen Burggraf, Contributing Editor , International Adviser The European Union has come a long way since its creation in the years following World War II, but early dreams of a single market in financial services continue to be only…
IMF to decide on Grenada programme in early May
ST GEORGE’S, Grenada (GIS) — The International Monetary Fund (IMF) wants to meet early next month to approve Grenada’s home grown structural adjustment program. The IMF official who will be chairing the meeting has asked Grenada’s permanent secretary in the…
On 2013, an extraordinary year for offshore tax enforcement
By Dan Reeves From OffshoreAlert There was a time when offshore financial secrecy laws were ironclad and impenetrable. Some used those laws to engage in legitimate financial activities directed at investing, increasing wealth and facilitating international trade, but many others…
CFATF warns of harsh consequences if Guyana fails to pass anti-money laundering legislation
From Caribbean360 GEORGETOWN, Guyana, CMC – The Caribbean Financial Action Task Force (CFATF) has warned of harsh consequences should Guyana fail to pass anti-money laundering legislation before a May 29 conference. The task force addressed the matter during a meeting…
Prime Minister presses UK tax havens about ownership
By agency reporter From Ekklesia David Cameron has written to the UK’s tax havens about the importance of them knowing and revealing more about who really owns the hundreds of thousands of companies they host, The move has been welcomed…
Havens leave US taxpayers $1,259 tab each – report
From The New Zealand Herald The US loses $150 billion in federal revenue annually when earnings are transferred to tax havens like the Cayman Islands. US taxpayers would need to pay an average of $1,259 more a year to make…
Urgent Notification—US Sanctions imposed on Russia – MasterCard
Please find below notification sent from MasterCard for your urgent attention. Should you have additional questions do not hesitate to contact your account representative. Subject: Urgent Notification—US Sanctions imposed on Russia Issue: Due to US sanctions announced on Monday, 28…
Are Independent Fund Directors an unnecessary evil?
By Alric Lindsay Managing Director, Lindsay Fiduciary Services From FINalternatives Having served as an independent director on the boards of offshore investment funds for many years, I have come across the viewpoint held by some parties that independent directors are…
Michael Ashcroft’s Belize Bank seeks to enforce US$18 m award against Belize Government
From OffshoreAlert Belize Bank Ltd. v. Belize Government: Petition to Confirm Foreign Arbitration Award The Belize Bank Limited, which is controlled by British businessman and political activist Michael Ashcroft, has filed a petition at federal court in Washington, D.C. to…
