Crystal Concise: October 2023

Our regular snapshot from the Crystal team of some of the highlights and points of note for finance and corporate comms pros from around the jurisdictions this past month...

• BVI: The BVI were removed from the EU’s list of non-cooperative jurisdictions this month - while 3 countries were added: Seychelles, Belize and Antigua/Barbuda

• Guernsey: Political discussions continued around tax reform, with politicians voting against proposals to increase taxes on motorists, visitors and companies without introducing a goods and services tax (GST),

• Luxembourg: Election results in the country saw a change in government as a ten year coalition led by the DP liberal party’s Xavier Bettel came to an end, with the Christian Democrat CSV party becoming the power broker in the new government

• Cayman: The jurisdiction was successful in being removed from the FATF’s grey list

• Jersey: Jersey’s government published two key documents - a ‘Strategy for Sustainable Economic Development’ and a ‘Delivery Framework for Sustainable Economic Development’ – which pointed to the need for a cultural shift in approaches to work if the island is to achieve necessary economic growth

• Media: Luxembourg based media titles Delano and PaperJam published a policy highlighting how AI can augment journalism and how they intend to use AI tools