News

Malta’s Sandbox Test of Cryptocurrency Control

Malta’s regulators are studying the possibility of regulating cryptocurrencies, early this year at the Centre for European Policy Studies (“CEPS”) Ideas Lab of 23-24th February, 2017 in Brussels.


HSBC announce more cuts to its investment banking sector

After reports of two Senior Executives leaving HSBC, the bank is believed to be restructuring its current workforce, meaning that more senior positions will potentially be removed from its investment banking unit. The reason given was to reduce costs, ultimately making the business more supple.


Barclays Bank continues de-risking strategy actions

Barclays Bank has announced it will be continuing its retreat from the overseas banking business by discontinuing its banking services for non-residents in the Seychelles.


US: IRS requests data from Belize Banks

The Bank of America and Citibank are being forced by a court order obtained by the US government, to disclose information about all US taxpayers who hold offshore accounts at BBIL (Belize Bank International Limited) or BBL (Belize Bank Limited).