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In the second episode, Phil Graham and Josh Mangeot discuss the key aspects of an industry update provided by BVI Finance on 12 July 2019. The update clarified that the commencement dates for entities’ first “financial period” remain unchanged and discussed the BVI International Tax Authority's stated approach to the use of its investigation powers as they relate to BVI entities, registered agents and other corporate service providers.

For the third consecutive year, Harneys has proven itself a dominant force in the private wealth market with its recent rankings in the 2019 Chambers High Net Worth (HNW) Guide. The firm’s British Virgin Islands team remains the sole firm recognised in the Band 1 ranking for offshore trusts, while the Cayman Islands team remains strong with its Band 2 ranking.

In this article, originally published by The Energy Industry Times, Greg Boyd discusses the BVI corporate advantage.

Under recent changes to the Cayman Islands Proceeds of Crime Law, the provision of virtual asset services is now formally recognised as “relevant financial business”. Any entity that carries out relevant financial business must ensure that it complies with the Proceeds of Crime Law and the Anti-Money Laundering (AML) Regulations.

Harneys launches its SOS series, delivering hot takes on critical topics around the Economic Substance legislation.

On 28 June 2019, the Cyprus Securities and Exchange Commission (CySEC) issued a circular advising Cypriot investment firms (CIFs) that a new version of the form used to collect statistical information on an annual basis, form RBSF-CIF Version 2, has been issued.