Archive | June, 2006

Microstate Catches Fire

A blaze on Friday has badly damaged Sealand, an inhabited former military platform, about eight miles east off the coast of Essex and Suffolk. The so-called “independent state” of Sealand is home to an internet firm. The British Government does not recognise the sovereignty of Sealand. Continue reading “Microstate Catches Fire”.

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Online Gambling and the UK

Britain hopes to persuade the offshore centres that are reaping the lion’s share of the explosion in online gambling to sign up to new controls on the sites. Centres that host online gambling sites include Gibraltar, the Cayman Islands, the Turks and Caicos Islands, Antigua and Costa Rica. Continue reading “Online Gambling and the UK”

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Curacao, St. Maarten Opt for Joint Central Bank

Political agreement has been reached between Commissioners of Constitutional Affairs of Curaçao and St. Maarten on one Central Bank and monetary system for the two islands after they obtain their desired country status within the Kingdom. Continue reading “Curacao, St. Maarten Opt for Joint Central Bank”.

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Barbadian lawyer set to speak at 16th Oxford Offshore Symposium

A BARBADIAN attorney-at-law is among a list of international lawyers, consultants and academics slated to address the 16th Oxford Offshore Symposium to be held September 3 to 9. Dr. Trevor Carmichael, the principal of Chancery Chambers a locally based firm engaged primarily in international business law and environmental law, will be speaking on the future […]

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International Financial Advisors FAQ

1.Security – How Do I know my money will be safe & secure? Where do I transfer money to for my investments? No money should ever be paid directly to your advisor! If an advisor / broker asks you to transfer money to them directly for any reason, alarm bells should sound. Any transfer should […]

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Guernsey Secures $2.65M for Fraud Victims

A landmark receivership case has been brought to Guernsey’s Royal Court to recover the assets of a Bahamian company, Vavasseur Corp., which had swindled $121m. from investors. The funds were fraudulently obtained from investors in the US and Europe through the sale of fictitious securities and were traced to various jurisdictions. This included $2.65m. in […]

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American Gold Coin

U.S. Mint Unveils 24-Karat Gold Coin

Modeled on the traditional buffalo nickel, the American Buffalo coin has a buffalo on one side and a Native American on the other. It comes in two versions, both stamped with a $50 face value but worth substantially more because they are made of pure gold. (more…)

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Panama Advantages

While a Panamanian currency – the Balboa – exists, it is only available as a coin, and is on par with the US dollar. For its day-to-day currency, Panama employs the familiar US greenback. As a result, you never need worry about the exchange controls, devaluations, or currency fluctuations that plague many other offshore jurisdictions. […]

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