The following case is salient story about a Judgement against the acting director of Kassar Logistics and World Eastern International for his negligence in incorporating the companies despite evident fraudulent activity. INTRODUCTION The Judgement in Abdul Ghani bin Tahir v Public Prosecutor [2017] SGHC 125 Is especially relevant to nominee directors, proxy directors, company secretaries, […]

The Group of International Finance Centre Supervisors (“GIFCS”) has issued a press release in which it has launched a new benchmark for the regulation of Trust and Corporate Service Providers (“TCSPs”), which can be viewed at: http://bit.ly/1rmSOZ9 The Jersey Financial Services Commission (the “Commission”) volunteered to be part of the GIFCS working group and contributed fully […]

New International Standards For Regulating Trust Company Business The Group of International Finance Centre Supervisors (“GIFCS”) has today launched a new benchmark for the regulation of Trust and Corporate Service Providers (“TCSPs”). Guernsey has been a champion of this new approach which has seen the GIFCS working group which developed the new standard being chaired […]