Bermuda
Financial centres slam Paradise Papers backlash
The UK’s crown dependencies and overseas territories have hit back at international media scrutiny and allegations that they facilitate tax avoidance and evasion following the leak of the Paradise Papers.
Rich at risk after offshore law firm hacked
Just 18 months after the Panama Papers rocked the offshore world, a Bermuda-based offshore law firm has confirmed it was hacked in 2016, raising concerns that details of high net worth individuals and corporations could be at risk.
Northstar sets up in the Dubai International Finance Centre
Bermuda-based Northstar Financial Services has opened an office in the Dubai International Financial Centre (DIFC) and appointed Sanjeev Chowdhury as principal representative.
Top 50 US firms stashing $1.3trn offshore, says Oxfam
The 50 biggest US corporations have more than a trillion dollars hidden offshore, according to a new report published by Oxfam on Thursday.
Alternatives | 17 Mar 16
AIMA launches Bermuda network
The Alternative Investment Management Association (Aima), the global representative body for alternative asset managers, is to establish a new voluntary network in Bermuda.