BVI: BVI introduces amendments to beneficial ownership regulations

On 1 July 2025, the British Virgin Islands (BVI) government introduced amendments to the BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations 2024.

These changes, which came into effect on 2 January 2025, refine the beneficial ownership registration regime and establish a new access framework based on legitimate interest.

14 March 2024

SWITZERLAND: Switzerland to vote on taxing the rich to fund climate fight

Thanks to 109,988 signatures, Switzerland will vote through a referendum on the introduction of a 50% tax on inheritances above 50 million francs to allocate funds to protect the climate and finance

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13 December 2024

US: IRS recovers nearly $5 billion in proceeds from tax fraud, criminal financing

Recently enacted Internal Revenue Service initiatives recovered $4.7 billion in funds from illegal schemes and criminal practices, officials said in a Thursday statement. Nearly $3 billion came from

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1 March 2024

ASIA: Asia hedge fund launches drop to lowest number in 14 years as China interest wanes

Only 62 new hedge funds launched in Asia last year, the lowest number since 2009 and just 15 were China-focused funds, data provider Preqin said. But Japan-focused funds more than doubled to 19. WHY

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22 January 2024

CAYMAN ISLANDS: Cayman Finance applauds EU recognition of the strength of Cayman Islands AML regime and decision to remove jurisdiction from list of high-risk countries

Press Release from Cayman Finance, Monday 22 January, 2024. Cayman Finance is applauding the European Union’s recognition of the effectiveness of the Cayman Islands’ AML/CFT regimes and decision

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