Sovereign Report – Issue 9

Content Summary

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Download a copy of Issue 9

1. European News
   • Gibraltar: To introduce protected cell companies concept
   • Channel Islands: Issue first fiduciary licences
   • Isle of Man: Consults on licensing trust service providers
2. USA & Caribbean News
   • Turks & Caicos Islands: Implements KPMG Review recommendations
   • USA: Senate introduces Money laundering Abatement Bill
   • Bahamas: Amendments made to financial regulation regime
3. Far East News
   • Hong Kong: Issues proposals on corporate governance
   • Dubai: proposes law to provide for digital signatures
   • Mauritius: Upgrades regulatory framework
4. Legal News
   • Isle of Man: Court rejects Irish fishing expedition
   • India: Ruling on Mauritius tax treaty
   • FATF: Updates list of non-cooperating countries and territories
5. Fiscal News
   • Gibraltar: Challenges EU investigation into predatory tax regimes
   • UN: proposes to create new International Tax Organisation
   • EU: Issues draft savings Directive
6. Special Report
   • Uncertain times = Alternative investmen