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Jurisdiction Spotlight: San Marino

Tucked away up in the Apennine Mountains of Italy, which fully surrounds the tiny nation, San Marino is the longest surviving sovereign state and republic, tracing its origins to the 3rd of September in the year 301 when it gained independence from the Roman Empire. Since then, not much has…


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Banking in the Philippines

At this point, you might have heard about the Philippines as an unusual but not necessarily offshore banking jurisdiction. I have contemplated doing a Jurisdiction Spotlight about the Philippines and while there may be enough to say about incorporation and residence in the Philippines, I thought banking deserves its own…


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Jurisdiction Spotlight: Guatemala

Streber / the 31st of March 2016 Guatemala has most of everything one has come to expect from a Spanish-speaking tax haven in South America: territorial taxation, low taxation, secretive banking, and a very comfortable lifestyle. Guatemala has however suffered a problematic past which has left the country lagging behind…


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Territorial Taxation

This is going to be one of those articles that I start with a disclaimer about how irresponsible you would be to take my word as gospel. I talk about complex subjects on a high level, sweeping manner.  As always when discussing legal concepts across jurisdictions and even legal systems,…


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Jurisdiction Spotlight: Grenada

A tax haven that has fallen from its previous prime and glory, Grenada today is a husk of what it once was: a free-for-all for tax evaders and money launderers. Grenada is a former French (1649 – 1763) and British (1763 – 1974) colony. The young nation started its independence…


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AEOI and CRS

What is AEOI? In very simple terms: jurisdiction sign the Common Reporting Standard (CRS) which dictate what information is to be shared and the MCAA (Mutual Competent Authority Agreement) which sets out the authority or authorities that will be responsible for handling the information. Ultimately, this leads to AEOI. Automatic…


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Jurisdiction Spotlight: Uruguay

Today, we return to the Americas and to one of my personal favourites: Uruguay. The instantly recognizable flag of Uruguay portrays the nine original (now 19) departments of the republic, and in the corner we find a Sol de Mayo (Sun of May), which represents the sun shining upon a…


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The Roles of OECD, FATF-GAFI, and Others

There are a handful of organizations that we talk about a lot in this industry. In this article, I will talk a bit about what they do and how or why they matter. OECD FATF-GAFI APGML CFATF-GAFIC EAG ESAAMLG GABAC GAFILAT GIABA MENAFATF MONEYVAL Egmont Group OECD The Organisation for…


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Jurisdiction Spotlight: Qatar

We are going to stay in the Middle East for a little bit longer to today take a look at Qatar, which has a land border with Saudi Arabia and is tucked between Bahrain and UAE (emirate of Abu Dhabi). Across the Persian Gulf is Iran. While it’s not a…


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Islamic Banking

This will be a short one and on a topic that’s not in line with what I usually write about. Introduction With many international financial centers having a large Muslim population, the concept of Islamic banking has come up for many who have researched bank account opening in for example…


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