Banking
ARTICLES
The Bahamas: Compliance and Innovation in Lockstep
  Tanya McCartney discusses the evolution of the Bahamas cornerstone product and service offerings, including trusts and funds and reveals her views on regulatory change. (01/11/2017)
US Tax Enforcers React to The Panama Papers
  Scott D Michel and Arielle M Borsos examine how US tax enforcers have reacted to the Panama Papers leak. (01/09/2016)
The Bahamas Continues to be a Model IFC
  Tanya McCartney examines how The Bahamas has consolidated its position as a model IFC. (16/08/2016)
Private Banking – A Bahamian Specialty
  Alain Kunz examines the Bahamas attractiveness for Private Banking services. (16/08/2016)
Barbados: Recovery with a Purpose
  Sir Trevor Carmichael examines how Barbados has recovered from the financial crisis via forging new paths and consolidating proven ground. (01/08/2016)
Bermuda Stakes Success On Its Top-tier Reputation
  Ross Webber considers how Bermuda's pragmatic approach towards calls for greater transparency has put the island in good stead for the future. (01/07/2016)
Caribbean IFCs: Challenges and Future Prospects in 2016
  With criticism of Caribbean IFCs leading to calls for further draconian legislative efforts, Paul Byles examines how IFCs can weather this regulatory storm. (01/06/2016)
Q&A with… Equity Bank and Trust Bahamas Limited
  IFC Caribbean speak to Equity Bank and Trust about the company’s success and the importance of small boutique financial institutions competing with the global giants. (01/06/2016)
Disclosure Initiatives for Tax Purposes in Offshore Regimes – The New Double Standard
  Professor Rose-Marie Belle Antoine examines disclosure initiatives for tax purposes in IFCs and calls for proportionality, balance and fairness in approaching these new tax transparency initiatives. (01/05/2016)
Q&A With Francoise Hendy, Lead Negotiator, Barbados Tax and Investment Treaty Negotiating Team
  IFC Caribbean speaks to Francoise Hendy about how Caribbean IFCs have adapted to, and survived multiple initiatives designed to create a level playing field for financial services. (01/05/2016)
The Panama Papers: Determining the Future of Financial Services
  Mark Brantley, Deputy Premier of Nevis and Professor Gilbert NMO Morris consider the fallout from the Panama Papers and examine the role they will play in determining the future of financial services. (01/05/2016)
The Case for Offshore
  In the wake of the media frenzy over the illegal leak of private information in Panama, Richard Hay dispels the myths pepetrated by detractors and the media regarding the offshore financial industry. (01/05/2016)
The Global Forum is the Leader on Tax Transparency
  Monica Bhatia provides an update on the OECDs work towards international tax cooperation. (01/04/2016)
The Changing Face of Luxembourg Finance
  Paolo Panico examines the evolution of Luxembourg's financial services offerings and how the jurisdiction has adapted to new international norms. (01/01/2016)
Singapore: Enhancing Its Regulatory Controls Against Money Laundering and Terrorism Financing
  Yeoh Lian Chuan and Kwok Shuhui consider how Singapore has addresed concerns over money laundering by strengthening its AML regulation. (01/01/2016)
Isle of Man: Sunshine On A Rainy Day
  Philip Knop examines how the future appears bright for the Manx financial sector. (01/01/2016)
FATCA: The Horse May Have Bolted, But…
  Dr Angelo Venardos examines the controversial US FATCA legislation and considers issues regarding its constitutionality and whether there is any chance of repeal. (01/10/2015)
From Secrecy to Solid Confidentiality - A bright Future for Switzerland
  Herman Krul examines the Swiss journey from financial secrecy to transparency and how this move leaves the jurisdiction well positioned for the future. (01/09/2015)
Why Incompetence in Banking is Worse than Greed
  Following a series banking crises, Professor Boudewijn de Bruin examines how incompetence in banking is worse than greed. (01/09/2015)
Guernsey: Staying Ahead of the Game
  Christopher Jones examines Guernsey has stayed ahead of the regulatory curve by enhancing its legislative framework. (01/08/2015)
The Netherlands: Recent Financial, Regulatory and Legislative Developments
  Leo Neve and Mathieu Neve examines recent developments within the Netherlands financial sector. (01/08/2015)
The British Virgin Islands: Jurisdiction of Choice for IBCs
  Tim Clipstone and Michael Gagie examine why the British Virgin Islands is the jurisdiction of choice for international business companies. (01/07/2015)
FATCA – Enforcement Win or Expatriate Generator?
  Dianne Mehany and Mark Matthews examine if FATCA has succeeded in its aim to enforce US tax policy globally or whether it has become an expatriate generator. (01/07/2015)
Birth of a New Era in Private Wealth
  With the financial world becoming more transparent, Nigel Rivers examines whether we are entering into a new era for private wealth. (16/06/2015)
Swiss Answers to International Challenges
  Dr Peter Hsu and Dr Florian Louis Steiner provide an insight into how Switzerland has risen to international challenges and has adopted the latest international tax standards. (09/06/2015)
The Bahamas Chooses the Path of Innovation, Compliance
  Aliya Allen examines how the Bahamas balanced approach to international initatives on tax transparency are beginning to pay off. (02/06/2015)
Due Diligence and the Future of Financial Institutions
  Burke Files examines the complex interplay of market forces and technological change and the effect this will have on the future of due diligence and the financial institutions. (01/06/2015)
Panama: Corporate Regulations Amendments Reinforce KYC Guidelines
  Ivette Martinez and Jorge Ventre examine how recent regulatory changes have reinforced Panama's strict KYC guidelines. (12/05/2015)
Global Tax Transparency Goes Live in 2016
  As countries around the globe begin to apply laws allowing for the automatic exchange of information, Eric Boes examines the preparatory steps that must be taken. (01/04/2015)
Financial Ethics: Preventing the ‘Stupid Stuff’
  John Boatright examines the increased concern of the US Federal Reserve with regard to ethics in the financial services industry. (01/04/2015)
The BVI: The Premier Corporate Domicile
  Well regarded as a compliant and transparent jurisdiction, BVI Finance provide an overview of the jurisdiction's financial services. (01/03/2015)
Due Diligence: M&A Sans Investment Bankers
  Burke Files examines the diminishing role of the Investment Banker in the M&A arena. (01/03/2015)
Liechtenstein: Ensuring a Robust & Competitive IFC
  Roger Frick considers the steps taken by Liechtenstein to ensure it remains a robust and competitive international financial centre. (01/03/2015)
Barbados: Mapping The Future
  Sir Trevor Carmichael QC examines how Barbados has established its reputation as a premier financial centre and how the jurisdiction has planned for future developments. (01/02/2015)
Due Diligence: Here a Regulator, There a Regulator, Everywhere a Regulator
  As the industry comes to terms with the incessant regulatory requirements put upon them, Burke Files considers the struggle for compliance. (01/02/2015)
Due Diligence on USA’s Recognition of Cuba and the Impact on CARICOM
  Burke Files examines the implications following the US recognition of Cuba after years of embargo and the impact this landmark policy change will have on due diligence. (01/01/2015)
Q&A: With Dustin D.P. Delany, Delany Law
  We spoke to Dustin D.P. Delany of Delany Law to assess how the Caribbean finance industry is developing and the impact of regulation in light of the push towards the automatic exchange of information. (01/01/2015)
Bermuda and the Push Towards Automatic Exchange of Information
  Charles Thresh and David Harper consider the implications of the OECD's Automatic Exchange of Information Drive for Bermuda's financial services sector. (01/01/2015)
The Bahamas Investment Condominium is an “Icon”
  Aliya Allen examines the Bahamas Investment Condominium (ICON), a new investment fund product for the LATAM market. (01/01/2015)
Barbados, Vital to Canada’s Future Global Strategy
  Dr Walid Hejazi examines vital use of Barbados as a conduit for Canadian Investment (01/12/2014)
The BVI Stepping Stone to Russia
  As a result of such uncertainties, Russian investors often structuretheir asset holdings through offshore vehicles, Simon Pascoe and Kristian Wilson examine the usage of the BVI in this context. (01/12/2014)
In the Chair with the US Treasury
  With numerous compliance issues among other problems facing the industry stemming from FATCA, we speak directly to the source of the FATCA legislation, the US Treasury to address the issues raised by FATCA objectors. (01/11/2014)
Q&A with Laurence Skelly, Minister for Economic Development, Isle of Man
  The financial services industry is the Isle of Man’s largest wealth creator. IFC speaks to Minister for the Department of Economic Development Laurence Skelly about the history and rapid development of this essential sector of the Manx economy. (01/11/2014)
IRS Provides Potential Amnesty for Certain US Taxpayers with Offshore Income and Assets
  With the net closing in regarding compliance with FATCA, David Neufeld examines the latest instructions from the IRS regarding a potential amnesty for some US taxpayers. (01/11/2014)
The Swiss Banking Sector – Privacy but not at all Costs
  Stephen Screech and Tom Hardman examine how the Swiss banking sector has evolved to deal with international demands for tax transparency while protecting the privacy of their clients. (01/11/2014)
FATCA is Here - Now What?
  Denis Kleinfeld examines the erosion of financial secrecy, started by the US FATCA legislation and discusses the impact compliance will have on the international financial services industry. (01/11/2014)
Q&A with Simon Harris, Minister of State for the Irish FSC
  The IFC Review speaks to Minister Harris about Ireland’s success as an international finance centre and looks at the challenges facing the small but robust European IFC going forward. (01/10/2014)
Luxembourg: Financial Evolution with Global Reach
  Paolo Panico considers the reasons behind Luxembourg's evolution into one of the world's premier financial hubs. (01/09/2014)
Bermuda: Quo Fata Ferunt
  Alex Potts examines how recent regulatory changes reflect Bermuda's commitment to growing its international financial sector. (01/09/2014)
Isle of Man: Stability and Security in Challenging Times
  Tom Maher examines how the Isle of Man has thrived through the financial crisis due to the stability and security the jurisdiction provides. (01/08/2014)
FATCA and the Cyprus - US Connection
  With FATCA now in force, Emily Yiolitis and Aki Corsoni-Husain highlight how Cyprus complies with the US regulations through the signing of a Model 1 IGA. (01/08/2014)
Qatar: A World Class Business Environment
  With one of the most dynamic and fast growing economies in the middle east, the Qatar Financial Centre Authority highlight the world class business enviroment the jurisdiction provides. (01/07/2014)
Maintaining the Competitive Edge in the Guernsey Financial Centre
  With the pace of regulatory change as unrelenting as ever, Joe Truelove examines how Guernsey can maintain its competitive edge in financial services. (01/06/2014)
Here Comes FATCA…What To Expect In 2014
  With FATCA looming on the horizon, Scott Michel examines what 2014 holds for those caught in its web. (01/04/2014)
Due Diligence: Digital Currency
  With the usage of digital currencies gaining ever more traction, Burke Files ponders whether the rise of digital currencies such as Bitcoin could lead to the end of traditional brick and mortar banking. (01/04/2014)
Mauritius: The African Success Story
  As traditional drivers of growth begin to falter, Nikhil Treebhoohun considers new avenues for Mauritus to persue (01/03/2014)
Due Diligence: Cash and Remediation
  Burke Files highlights the need to consider that not all clients come from traditional western economies and examines the necessity of due diligence in investigating the origin of funds from such locations. (01/02/2014)
Gibraltar: Rising to the Challenge
  Michael Castiel, Hassans examines how the establishment of the Gibraltar Stock Exchange and the Gibraltar International Bank will further enhance the jurisdictions strength as a global player in international finance. (01/02/2014)
What the Future Holds for Swiss Privacy and Private Banking
  Herman Krul discusses changes in the political and economic position of Switzerland in the past two years, where the country has continued to produce positive growth figures despite currently being in a transition period. (01/10/2013)
CSX Provides Greater Opportunities for Specialist Companies
  Jason Allison examines the Cayman Islands Stock Exchange, which has thrived as a specialist exchange listing bespoke investment funds and structured credit products since its launch in 1997. (01/10/2013)
Q&A with…Fiona Le Poidevin, Chief Executive of Guernsey Finance
  In an interview with the IFC, Guernsey Finance CEO Fiona Le Poidevin looks at what sets Guernsey apart from other IFCs and how it continues to prosper in response to global demands. (01/06/2013)
FATCA: Be Careful What You Wish For
  Nick Matthews examines the potential pitfalls facing individuals and firms complying with FATCA. (01/06/2013)
Cypriot Banking Crisis – Not Applicable to All
  Grant Stein discusses the banking crisis in Cyprus, which unfolded this year, leaving banks in Cyprus greatly exposed to systemic risk with a combination of bad lending and large holdings of Greek sovereign debt. (01/06/2013)
Regulatory Competition: OFCs’ Vital Role in the World Economy
  Andrew P Morriss, D Paul Jones, Jr & Charlene A Jones examine OFCs, where the drive to innovate is stronger than their onshore competitors because of the importance of the revenue they derive from encouraging businesses to use their services. (01/06/2013)
What Does the Future Hold for IFCs?
  Simon Harding examines the future of IFCs, including what tactics they can adopt and what products and services they can introduce to survive in a febrile political atmosphere. (01/06/2013)
Gibraltar: A Rival to Any IFC
  Richard Buttigieg and Danielle Villa examine Gibraltar’s dedication to improving its already stellar reputation, by updating its legislative framework whilst also enhancing its robust network of tax treaties. (01/05/2013)
The Latin Landscape and its Moral Compass
  Derek Sambrook discusses the economic growth prospects of Latin America and the issue of moral dealings, in what could be an eventful year for the world’s fourth largest continent. (01/05/2013)
Due Diligence: Investigating the Investor
  In his latest column, L Burke Files discusses the process of due diligence investigations and explains why it is so important to do your due diligence on investors prior to disclosing information. (01/05/2013)
Barbados: Steady and Secure
  Trevor A Carmichael examines two developments in the architecture of Barbados’ international business structures that are already a critical element of the Barbadian economy. (01/02/2013)
Regulatory Evolution in the Cayman Islands
  Marc Parrott examines the constant efforts of the Cayman Islands to maintain its world-wide appeal to sophisticated financial industry participants by constantly evolving its regulatory system. (01/02/2013)
Swiss Fiscal Conformity – Moving With The Times
  Anton Rinderer discusses the growing issue of fiscal conformity in Switzerland, a financial jurisdiction that prides itself on its high-end brand of safety, security and efficiency. (01/02/2013)
Hong Kong: Legislative and Regulatory Update 2013
  Debbie Annells examines recent legislative changes to Hong Kong’s tax regime, providing examples of why Hong Kong continues to thrive despite the uncertain conditions of the worldwide economy. (01/02/2013)
Panama Laws Benefit Multi-national and Regional Companies
  Ivette Martinez and Khatiya Asvat discuss the introduction of the regime for the establishment of multinational companies' headquarters in Panama which has proven to be beneficial for companies in the region and further afield. (01/01/2013)
Broadening the Irish Tax Base in 2013
  Finola O’Hanlon examines tax legislation in Ireland and what the country must do in order to maintain a stable economic future. (01/01/2013)
Mauritius - Making a Platform for Business to Africa
  Nikhil Treebhoonhun, CEO Global Finance Mauritius examines how Mauritius has developed to facilitate business into and from Africa (01/01/2013)
Mauritius – A Passage to India
  Francoise Chan, Intercontinental Trust highlights the benefits of Mauritius as a passage to India for investments. (01/01/2013)
Russia – Cyprus: Case Study on Project M
  In this insightful case study, Emily Yiolitis, Harneys highlights what makes Cyprus so attractive to Russian Investors. (01/11/2012)
How FATCA will Effect IFCs
  Denis Kleinfeld offers an invaluable insight into the controversy surrounding the introduction of the US FACTA and highlights what jurisdictions should watch out for. (01/09/2012)
Anguilla’s Increasingly Prominent Role in International Finance
  Pam Webster, Webster Dryud Mitchell examines recent legislative developments in Anguilla that have put the jurisidiction on the map for financial services. (01/08/2012)
Pigs have sprouted wings! Republic Bank & Trust Company plaintiff, v. Bear Sterns & Company, Inc. etal. Defendant - Appellees US Court of Appears, 6th Circuit 10-5510.
  Burke Files examines the recent judgement on Republic Bank & Trust which stresses the need for a thorough Due Diligence process (01/07/2012)
Cayman Islands – Providing a Positive Contribution to the Global Economy
  Richard Coles, Cayman Finance examines the positive contribution the Cayman Islands provide to the global economy by preserving and protecting wealth. (01/06/2012)
The Role of Asian International Finance Centres
  Jay Krause and Philip Munro, Withers, examine how Asian IFCs are beginning to justifiably rival their western counterparts, assessing what specifically gives the East the current edge over the West. (01/06/2012)
Antigua - Sun, Sand and Service
  Brian Stuart Young provides us with an update of recent events taking place in Antigua while highlighting a number of new opportunities for Investors in Antigua (14/12/2011)
Caribbean Review 11/12
  The Caribbean Review featuring in-depth articles, commentaries on all the latest legislative and regulatory issues facing the Caribbean, now available online and in pdf format (01/12/2011)
Q&A with Sheree Ebanks & Julien Martel - Butterfield Bank
  Sheree Ebanks and Julien Martel answer questions on how the economy in the Caribbean has been affected by the financial crisis, what impact global financial regulation will have on the IFCs and how financial services should develop within the region. (01/12/2011)
What’s going on with America today?
  Denis Kleinfeld, in his own inimitable style, assesses what went wrong in the US to result in the loss of AAA status and charts American influence on global finance. (01/09/2011)
What the Future holds for the Swiss Tradition of Privacy for Private Clients
  Switzerland has long been known for the privacy it offers its private clients. Herman Krul provides an insightful commentary on the basis for the Swiss tradition of privacy and what the future holds for the jurisdiction (01/05/2011)
Bank secrecy - going, going, gone
  Alexander Bove asks is banking secrecy a thing of the past? (03/08/2010)
Scarlett letters: Investing for US clients in a post-HIRE Act world
  Jay Krause and Chris McLemore of Withers LLP examine the far reaching implications of the US HIRE Act. (02/08/2010)
The evolution of the regulatory environment in Switzerland for financial intermediaries
  January 09 sees the introduction of the new Federal Financial Market Supervisory Authority (FINMA). Walter Stresemann assesses the likely impact it will have on the regulatory environment (01/06/2009)
Taxing times for anti-money laundering
  Marcus Killick casts an eye over a recent US senate report that, amongst other things, calls for the introduction of the Stop Tax Haven Abuse Act. (01/06/2009)
Belize: An ideal jurisdiction for offshore investment
  2008 saw a wave of new regulations and products introduced in Belize. Gian Gandhi outlines the new measures. (06/01/2009)
Guernsey: A centre of excellence for private banking
  Sandra Platts provides an overview of Guernsey’s private banking sector. (28/01/2008)
Hong Kong: Keeping focused
  Michael Olesnicky highlights the need for Hong Kong to introduce industry specific incentives if it is to maintain its status as the leading international finance centre in Asia (07/01/2008)
Switzerland’s financial sector on the move: Gearing up for reform
  Walter Stresemann reports on the ratification of the Hague Convention on the international recognition of trusts before moving on scrutinize the new reform package that is currently being introduced (06/01/2008)