The B.V.I., Cayman Islands, and Bermuda – Current Practice, Enforcement, and Emerging Trends

Volume 11 No 6    /    Read Article

By Joshua Mangeot and Celeste Aubee (Guest Authors)

These three leading Caribbean international financial centers are members of the Caribbean Financial Action Task Force and have consistently implemented O.E.C.D. initiatives and E.U. requirements. They pride themselves in following international best practices. None of the regimes discussed below is a taxing regime. Consequently, their compliance focus is on information exchange, increased transparency and economic substance. Joshua Mangeot, a partner of the B.V.I. office of Harneys Celeste Aubee, an associate in the B.V.I. office of Harneys, explain the hurdles that have been overcome to remain in good standing with Europe and the U.S.   See more →