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Volume 3, Issue 2

CIFA Newsletter Q2 2013 Volume 3, Issue 2

TIEA Colombia - Curaçao

CIFC SEMINAR BOGOTA

FATCA AND COMPLIANCE

STEP CURAÇAO

AN UPDATE

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W.C

IFA-C

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AO

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Latest developments

CIFA update

Office Formation Changes

POSITIONING THE KINGDOM OF THE NETHERLANDS IN LATIN AMERICAN MARKETS CONVENTION ON THE KINGDOM

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Volume 3, Issue 2

2nd Quarter 2013

LATEST DEVELOPMENTS Colombia and Curaçao agree TIEA P.3 Seminar Curaçao International Financial Center (CIFC) in Bogota P.3 Convention on Positioning the Kingdom in Latin American Markets P.4

CIFA UPDATE

Annual General Members’ Meeting P.5 New CIFA Member P.5 New CIFA Board Members P.6

SECTOR UPDATE

CIFA Breakfast Briefing P.7 Intermodal 2013 P.7 DCSX Update P.8 FATCA and Compliance P.9 Law Firms Quality Rankings 2013 P.9

STEP CURACAO UPDATE STEP Curaçao Luncheon P.10 The Curaçao Trust Regime P.10 STEP Conference: Miami Summit 2013 P.10

OFFICE FORMATION CHANGES P11

Colombia and Curaçao agree on TIEA Page 3

Convention on Positioning the Kingdom in Latin American Markets Page 4

Intermodal 2013 Page 7

Office Formation Changes Page 11

Editorial Committee

Arne Kattouw Karel Frielink

Gerard Jan van Spall Benno van Leeuwen

Barbara Pothof-van Wijk

Please send your input to: info@cifa-curacao.com

CIFA Business Development Services A.M. Chumaceiro Boulevard 3

Curaçao

Tel: (599-9) 461-5371 Fax: (599-9) 461-5378

Email: info@cifa-curacao.com

Website: www.cifa-curacao.com

Please forward this newsletter to whoever might be interested. If you are interested in this newsletter please subscribe at

info@cifa-curacao.com and your email address will be added to the mailing list

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Volume 3, Issue 2

LATEST DEVELOPMENTS

COLOMBIA AND CURAÇAO AGREE ON TIEA A Curaçao delegation, led by Finance Minister Jose Jardim, visited Colombia from 3 to 6 February. The visit was aimed to reach an agreement on the text of a Tax Information Exchange Agreement (TIEA) between Curaçao and Colombia.

The final text of the TIEA was approved by Minister Jardim and his Colombian counterpart Minister Mauricio Cárdenas. The final agreement will be signed in Curaçao after approval by the respective Council of Ministers and Parliaments.

Both ministers have indicated that they will proceed to negotiate a customs treaty between the two countries on a very short term.

In addition to the official nature of the trip, Minister Jardim also opened the Conference of the Curaçao International Financial Center in the Marriott. During the conference, the Minister and multiple actors in the Colombian market, discussed the future of the international financial sector in Curaçao.

SEMINAR CURAÇAO INTERNATIONAL FINANCIAL CENTER (CIFC) IN BOGOTA On February 5th Curaçao International Financial Center (CIFC) organized a seminar in Bogota, Colombia, to promote a greater awareness of Curaçao’s strengths as an international financial center. The goal of the public private partnership is to promote and develop the international financial services sector in Curaçao.

The seminar is the first of a series of international events. The aim of the seminar is to create awareness within the international financial community about Curaçao and to promote the products and services the jurisdiction offers.

During the seminar in Bogota the participants were welcomed by his Excellency the Minister of Finance Dr. Jose Jardim. In his speech the Minister of Finance stressed that our jurisdiction is transparent and is OECD and FATF compliant. “This confirms the fact that the necessary Anti-Money Laundering, Anti-Terrorist Financing, Know Your Customer, Suspicious Transactions and related processes and legislation are in place and in conformity with international FATF standards” the Minister of Finance informed the participants.

Curaçao is constantly developing new legislation that are transparent and based on substance, while providing the necessary privacy.

Art ic le cont inues on next page. Rene Römer CEO CIFC

T IEA UK WILL ENTER INTO FORCE The Government of Curaçao is pleased to announce that the parliamentary process with regard to the TIEA between the United Kingdom and Curaçao has been completed. As a result the TIEA between the United Kingdom and Curaçao will enter into force on May 1st 2013. For an overview of Curaçao’s DTAs and TIEAs please click here.

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CONVENTION ON POSITIONING THE KINGDOM IN LATIN AMERICAN MARKETS In March the first strategic economic convention of the Kingdom of the Netherlands was held at the Chamber of Commerce of Curaçao. The goal was to determine a strategy on how the countries within the Kingdom, namely the Netherlands including the BES Islands, Aruba, Curaçao, St. Maarten can position the Kingdom in the Latin American market making use of the strengths of the different countries. Representatives of the Ministry of Economic Development and the Chamber of Commerce from Curaçao were part of the delegation of the Kingdom that visited Brazil in November 2012. During this visit the idea to organize the strategic economic convention with all the partners in the Kingdom was developed. Billy Jonckheer, president of the Chamber of Commerce, welcomed the attendees after which Minister Steven Martina (Economic Development) opened the convention. During the opening Martina stressed the importance of expanding cooperation between the countries within the Kingdom.

Aruba, Curaçao, Bonaire, St. Maarten and St. Eustatius were given the opportunity to provide information about their economic development. The countries also presented their economic pillars as well as their successes in trade and economic missions to date. Employees of the Dutch Ministries of Economic Affairs and Foreign Affairs showed statistics of Latin American countries that have economic growth (eg, Brazil, Panama and Colombia), potential sectors and an overview of the economic development in the Latin American region. At the end of the convention it was agreed that each participant will present the results to their government and to continue to further develop a joint strategy.

SEMINAR CURAÇAO INTERNATIONAL FINANCIAL CENTER (CIFC) IN BOGOTA (Cont . ) The Minister said: “We do not believe in secrecy but as said promote transparency and substance: both factors needed for a sustainable continued development of our international financial services sector.”

During the seminar the Curaçao International Sector was represented by Julian Lopez Ramirez of Deloitte, Ton van Doremalen of KPMG, Fred Klaassen of PWC, Gideon Blaauw of Amicorp, Paul De Souza of HBM Group, Woldemar Tedder of ANT Management, Flavia Junquiera of Axtor and Rene Ph. Römer of the Dutch Caribbean Securities Exchange (DCSX). Other participants who gave presentations were Nico Scheper of the Caribbean Internet Exchange (CAR-IX), Anthony de Lima of the Curaçao Technology Exchange (CTEX) and Maurice Adriaens of the Curaçao Airport Holding.

CIFC is a public private partnership between private sector stakeholders and the Government of Curaçao. The members of CIFC include Curaçao International Financial Services Association (CIFA), International Financial Group (IFG), Association of International Bankers (IBA), Foundation for Development Projects Logistic Sector (SLS), Curaçao Bankers Association (CBA), Business Association Curaçao (VBC), Chamber of Commerce, Ministry of Finance, Ministry of Economic Development and the Central Bank of Curaçao and St. Maarten.

Rene Ph. Römer CEO CIFC

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ANNUAL GENERAL MEMBERS’ MEETING On March 7, 2013, CIFA held its Annual General Members’ Meeting. During this meeting the organization looked back on the accomplishment in 2012.

In 2012 the government started negotiations with the Netherlands about a new tax treaty between Curaçao and The Netherlands. CIFA has been assisting the government with the negotiations and expects the negotiations to be concluded in 2013 and that it will include opportunities for the International Financial Services Sector to grow.

In terms of promotion, CIFA has published a promotional paper with information about the strengths of the International Financial Sector of Curaçao in order to promote the jurisdiction, to view the promotional paper please click here.

During 2012, CIFA organized three seminars and three breakfast briefings making a contribution to increasing the knowledge of its members.

Moreover, CIFA has initiated the establishment of a local STEP (Society of Trust and Estate Practitioners) Chapter on Curaçao.

Apart from looking back, the members also elected the CIFA Board for fiscal year 2013. In 2013 the board will consist of: Etienne Ys (Chairman), Eric Paassen, Bas Horsten, Zuleika Lasten, Wendell Meriaan, Sabine Altena, Derk Scheltema, Victor den Hoedt (New) and Stephen Capella (New).

From left to right: Stephen Capella, Chairman Etienne Ys and Victor den Hoedt

We need your participation!

Send your information or

interesting story to

info@cifa-curacao.com

CIFA UPDATE

NEW CIFA MEMBER GIROBANK

Girobank N.V. provides retail, corporate banking, asset management and insurance brokerage services on the Islands of Curaçao and Bonaire. The Bank is a limited liability company incorporated and domiciled in Curaçao with its registered office at Scharlooweg 35, Curaçao.

The Bank has a long history dating back to the Girodienst Curaçao. However, Girobank in its current form was incorporated on March 5, 1996 and commenced operations on July 1, 1996 as a full-service credit institution subject to the supervision of the Central Bank of Curaçao and Sint Maarten. Its subsidiaries include Girobank International N.V. (100%) and Girolease N.V. (100%). The Bank operates a network of 7 full fledge branches in Curaçao and 1 in Bonaire. This is complemented by 3 retail offices in Curaçao that provide cash transaction services. The Bank currently employs 240 staff members.

In 2010, the Bank expanded its scope to trade finance. These transactions are structured to accommodate companies’ needs for receivable financing, pre-export financing, warehouse and inventory financing, and import/export financing.

The Management Board of the Bank consists of

Eric Garcia, President & CEO; Stephen Capella,

Managing Director and CFO/COO; and Richard

Rajack, Managing Director and CCO.

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WELCOME NEW BOARD MEMBER VICTOR DE HOEDT MEES PIERSON CURACAO

Victor is a Dutchman with over 25 years experience in banking, of which 20 years in international positions in several senior management roles, first with Rabobank (Indonesia, Brasil and Luxembourg) and since early 2004 with Abn Amro Bank (Luxembourg, Belgium and since December 2011 Curaçao). He holds an MBA in international management.

Currently Victor is the CEO of MeesPierson Curaçao, which comprises a local bank and an international bank, mainly focussing on private banking activities.

Besides a member of the board of the CIFA Victor is also a board member of the IBA (Association of International Bankers). In his role as linking pin he will aim for optimal alignment and cooperation between both associations and other players in the Curacao financial sector, as common efforts should be made to develop new attractive products in line with today’s global standards, to ensure collective marketing and representation and to attract high quality training programs for all staff in the sector in order to be able to cope with the fast developments in today’s or better tomorrow’s financial world. This all to maintain Curaçao as a sustainable and growing financial centre.

Office/ Formation Changes? Please let

us know the new contact information

info@cifa-

curacao.com

WELCOME NEW BOARD MEMBER STEPHEN CAPELLA GIROBANK

Stephen Capella currently serves as the Managing Director and CFO/COO of Girobank N.V. Stephen joined the Girobank in October 2010, initially as an Assistant Managing Director, but he was quickly ascended to the position of Managing Director and CFO/COO as of December 1, 2010. As a member of the Bank’s Management Board he is directly responsible for the areas of Finance, Operations, Treasury, Bank Card Services, ICT and Human Resources.

Prior to joining Girobank, Mr. Capella served as the Senior Manager Finance & Control at another local financial institution that includes a retail bank, an insurance company and an investment bank. He held a leadership role in developing the entity’s financial strategy, planning and forecasting and asset/liability management. He also served as the entity’s Treasurer and in that capacity he was also a member of the Group’s Investment Committee.

Mr. Capella’s background also includes 10 years with PricewaterhouseCoopers. Stephen held the position of Senior Manager in the Assurance and Business Advisory practice when he left the firm in 2006. His clients included some of the largest financial institutions established in Curaçao and Aruba as well as some well-known multinationals.

Stephen holds a MBA and BBA from the University of Texas at Austin and he is a licensed Certified Public Accountant with the Texas State Board of Public Accountancy. He is fluent in English, Spanish, Dutch and Papiamentu.

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v CIFA BREAKFAST BRIEFING: CURACAO VERSION 2.0

On February the 21st CIFA organized a Breakfast Briefing titled "Curaçao Version 2.0". During the Breakfast Briefing the latest developments in the field of information technology (IT) and the possibilities it offers for the International Financial Sector of Curaçao were discussed.

The presentation was given by Mr. Anthony de Lima, President and CEO of Curaçao Technology Exchange (CTEX). CTEX is developing the largest technology park and data center facilities in the region focused on the Caribbean and Latin American markets.

According to Mr. De Lima cloud computing, disaster-recovery facilities and real-time back ups are becoming increasingly important for the financial services industry. Curaçao is taking the lead in the Caribbean region to develop products and solutions to address this need for clients in the Caribbean and Latin America.

The IT facilities that are located and being developed in Curaçao are an excellent starting point for the international financial sector to attract new international customers and to provide services. In the view of Mr. De Lima the IT products and services that are offered in Curacao are complementary to the products of the international financial services sector offers. By combining the products of both sectors, Curaçao will be able to present international clients with a unique product.

SECTOR UPDATE CURAÇAO WELL REPRESENTED ON LOGISTICS EXHIBITION ‘ INTERMODAL 2013′ IN BRAZIL Companies from Curaçao active in the logistics and professional services sector participated in the exhibition ' Intermodal 2013' in Brazil in the first week of April. Intermodal, the biggest event in the field of logistics in South America, counts more than 28,000 square feet of space for exhibitors, roughly 45,000 visitors and more than 450 participating companies, organizations and destinations that exhibit their products and services.

From April 2 till 4, 2013, the Foundation Development Projects Logistics Sector (SLS) in cooperation with the Chamber of Commerce & Industry made it possible for Curaçao, to be a part of Intermodal exhibition in Sao Paulo, Brazil, for the third consecutive year.

The theme of the exhibition stand of Curaçao was ‘Connecting Markets’ and it was the only exhibition stand from the Caribbean. Minister of Economic Development & Tourism Dr. Steven Martina was one of the speakers at the opening seminar, who mapped out the problems but also opportunities in the logistics world.

This year the following companies and organizations participated in the event: Curaçao Airport Holding, Curaçao Ports Authorities, the Chamber of Commerce & Industry Curaçao, Insel Air International, Foundation for Development Projects Logistics Sector (SLS), the Ministry of Economic Development, Axtor, Curinde, Curaçao Tourist Board, Curaçao Drydock Company and Curoil.

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Curaçao gave a presentation to to more than 30 major companies of the Industrial Center of Sao Paolo (CIESP) in which the possibilities to expand their markets via Curaçao was highlighted.

Participants met with several key contacts during the three-day event, which offered great opportunity to increase the business relations between Curaçao and Brazil.

The DCSX also wishes to announce that it has accepted another Member/Broker: Curo Management Corp. (“Curo”). Curo is a group company of SSX Holdings Corp. SSX provides a “Startup Stock Exchange” services platform to startups and small businesses to sell ownership shares directly to qualified global investors. Through the DSCX the shares trade freely on the exchange providing investors a liquid market where they can invest at any level of ownership and any stage of growth. The startups raise money at a significantly lower cost of capital, with less paperwork and in a shorter period of time than current money raising methods.

SSX accepts applications from companies worldwide in any business sector that wishes to raise funds. The company then proceeds through a six step application and due diligence process with an approximately 3% listing approval rate. The approved companies then sell a percentage of their ownership shares to public investors through SSX.

SSX is accepting company applications and individual investors and expects to commence with live trading via DCSX on the first couple of listings in May with actual trading activity starting in June, 2013.

In close cooperation between DCSX and SSX, the best ways to expose the DSCX and SSX on the Internet was investigated. During a meeting with the Chamber of Commerce of Curacao it was agreed that DCSX and SSX will coordinate with the Chamber a more up to date reflection of the financial services sector including developments like the DCSX.

Rene Ph. Römer CEO DCSX

DCSX UPDATE In the beginning of March a presentation on possibilities to open up new markets thru the DCSX was given by Mr. René Ph. Römer in the Tortola, British Virgin Islands. The DCSX took the initiative to approach the President of the Association of Registered Agents as well as the President of the Bar Association of the B.V.I. and the reaction was one of genuine interest.

At The Moorings Yacht Club facilities in Road Town DCSX welcomed a total of 22 attendants from different services providers. The attendants were very interested to learn more about the possibilities and workings of the DCSX.

At the invitation of the Central Bank of Curaçao and St. Maarten, Mr. Römer together with Mr. Dick Erdmann (advisor to the DCSX), Mr. Igorr Hieroms (a Supervisory Directors of the DCSX and principal of Gr-8 Consulting) and Mrs. Mayerline Salas (Gr-8 Consulting) gave a detailed presentation on the DCSX to representatives from the Central Bank of Aruba and the Central Bank of Suriname.

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FATCA AND COMPLIANCE Although FATCA is a tax measure – and a far reaching one at that – it also has implications for compliance. The compliance staff is usually expert in identifying both natural and legal persons, and establishing ultimate beneficial ownership. However, compliance does this in the light of assessing money laundering and terrorist financing risk and complying with the rules and regulations in relation to reporting of unusual transactions and identification of clients. With FATCA, the information and expertise of the compliance officer becomes quite relevant in view of establishing which clients may possibly be determined to be an US citizen, and thus subject to FATCA. The compliance officer generally speaking is not a tax expert, the tax expert is typically not knowledgeable about client identification. The tax expert may know how FATCA works and what is needed, but may not know how to obtain this information in relation to the complete customer base.

Therefore, these two experts have to work together to achieve FATCA compliance for their company. One knows who the US clients are, the other knows the implications and tax requirements. If these two departments do not work together, it becomes difficult to achieve the FATCA requirements. It is relevant for instance, to establish how the information must be recorded and filed, which documents are required for FATCA compliance (this is the tax expertise) – but it is equally important to establish for all the clients which of them have a US UBO, to determine whether the required tax documents are on file and if not, ensure obtaining them and tracking this and to record and file this (this is the compliance expertise).

Thus all financial institutions and service providers should ensure that communication between tax and compliance is taking place and that an environment is present in which they can work together constructively – compliance with FATCA is very important from an international perspective, and for many of us essential for the correspondent banking relationships.

Benno van Leeuwen

LAW FIRMS QUALITY RANKINGS 2013

Each spring the international legal publisher Chambers & Partners presents a global ranking of law firms and individual lawyers: Chambers Global. In this publication, the offices VanEps Kunneman VanDoorne and Spigt Dutch Caribbean are presented once more as Band 1 Firm for Curaçao classified by the renowned publisher.

VanEps Kunneman VanDoorne, with offices in Aruba, Bonaire, Curaçao, St. Maarten and a Dutch Caribbean Desk in Amsterdam, sees four individual lawyers included in the ranking. The office is described in Chambers Global as high-caliber with a strong presence in corporate and commercial work throughout the region. Chambers also points to the international ties of the office by the association it has with Van Doorne in the Netherlands. Financial services, pharmaceuticals and tourism industry are identified as priorities and the office is further praised for its special knowledge of project (funding) and acquisitions.

Spigt Dutch Caribbean is described as a corporate heavyweight which continues to attract plaudits for its wide-ranging expertise, and is particularly commended for its strength in tax and litigation work. The 13-strong team advises prestigious local and international clients on securities, M&A and white-collar crime. Work highlights include a number of tax disputes, as well as high-profile merger work for prominent financial institutions.

Besides said Band 1 offices are the offices HBN Law, STvB, SMS Attorneys at Law and Soliana Bonapart & Aardenburg included in the ranking of Chambers & Partners. Quincy Carrega Asjes & Carrega gets mention as individual lawyer. CIFA congratulates its members VanEps Kunneman VanDoorne, Spigt Dutch Caribbean, HBN Law, STvB and Soliana, Bonapart & Aardenburg with this achievement.

For a complete list of rankings and more information, see the article on the website Dutch Caribbean Legal Portal (DCLP) click here.

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STEP CURAÇAO LUNCHEON PIERCING THE ASSET PROTECTION SHIELD STEP Curaçao organized it first luncheon in a crowded La Belle Alliance of the Avila Hotel on Friday, April 12. The purpose of the luncheons is to advance knowledge and learning, to share information and experience.

STEP is a worldwide organisation of trust and estate practitioners with more than 18.000 members. Since the beginning of 2013 Curaçao has its own STEP branch.

After a warm welcome by Xandra Kleine, deputy chair of STEP Curaçao, more than 80 attendees enjoyed a lunch.

Subsequently, Rogier van den Heuvel, lawyer at VanEps Kunneman VanDoorne, gave an interactive lecture with the title “Piercing the asset protections shield”, in which he addressed the separation of assets through Curaçao private foundations and trusts. If certain conditions are met, the assets are indeed separated from those of the beneficiary and settler from a civil law perspective. This is ruled repeatedly by the Supreme Court in The Hague.

THE CURAÇAO TRUST REGIME The legal system of Curaçao is based on civil law. Most laws are, to a large extent, based on their Dutch equivalent. The main body of civil law is the Civil Code. To accommodate its international clients, especially those familiar with the common law system, proposals were drafted to introduce the trust into the Curaçao law system early on, in 1955, 1962 and 1975 respectively. On 12 October 2011, the legislation drafted by Judge J. de Boer from the Court of Justice of Aruba, Curacao, St Maarten, Bonaire, Saba and St Eustatius was adopted, making it possible to set up a common law trust in Curaçao. In January 2012, the National Ordinance containing a supplement to Book 3 of the Civil Code, which contains provisions about property law, was introduced.

To read the whole article, please click here.

This article was featured in STEP Journal March 2013, Volume 21, Issue 2.

STEP CONFERENCE STEP MIAMI SUMMIT 2013 The 4th Annual STEP Miami Summit will be held on Friday, May 31st, 2013 at the Hilton Conrad Hotel, Miami.

The Summit is an excellent opportunity to review the latest issues concerning international private client planning, presented by the leading professionals in the area. Also, the event is a great opportunity to meet and share best practices with your peers.

Topics to be covered include: • Jurisdictional Updates: Brazil, BVI, Cayman,

Colombia, Mexico, Peru • FATCA-Specific Requirements for Foreign Trusts

and Foreign Holding Companies • Department of Justice Panel - What's New on the

Enforcement Front? • Using a Corporate Settlor for A Foreign Trust • Trusts and Divorce • OECD Update • Common Mistakes Made in Drafting and

Administering Foreign Trusts with U.S. Beneficiaries

For more information, please click here

STEP CURACAO UPDATE

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Volume 3, Issue 2

INTERNATIONAL EXPANSION: KPMG MEIJBURG CARIBBEAN KPMG Meijburg Caribbean has officially opened a Suriname Office. Due to the fact Suriname is now being recognized as an emerging market in the region and a number of KPMG’s (global) clients are investing in Suriname KPMG Meijburg Caribbean has recently opened a full-operating office in Parimaribo, Suriname. NAME CHANGE: BAKER TILLY DE PAUS VESSEUR

Since 1995 De Paus en Vesseur has been providing financial and tax services and advice to a wide variety of business in Curaçao. In 2013 the company will further expand their services, professionalism and collaboration with their international network. Therefore the company De Paus & Vessuer has changed to Baker Tilly De Paus Vesseur. NEW TEAM MEMBER AT AIC FINANCIAL SERVICES As of April 2013, AIC Financial Services has welcomed a new team member in the person of

Maria-Liza Zunder-Curiel. After finishing her Master of Finance & Investment degree at Erasmus Universiteit in Rotterdam, Liza worked for 4 years at ING Investment Management The Hague as a Pricing & Valuation Officer

and as a Business Analyst. In her position at AIC Liza will be amongst others responsible for Business Development in the International Financial Sector.

NEW COLLEAGUES AT FORENSIC SERVICES CARIBBEAN (FSC) Ruud Hamers has worked as an investigator for the police force in the Netherlands, several forensic companies and as an investigator for the

Netherlands Competition Authority. Since March 2013 he is working for Forensic Services Caribbean (FSC) as an investigator and trainer in the area of investigation and interview skills. Ruud is

also working for Forensic Services Netherlands, the portal for all Dutch relations of FSC. Golda Candelaria – Davelaar has joined FSC and will mainly deal with integrity issues, screening and research. After completing her training at the

Dutch Police Academy she worked for the Aruban Police Force and has been involved in large-scaled investigations on the illegal import and export of narcotic drugs. In recent years she has specialized in the terms ‘securtiy’ and

‘integrity' as shown attention and interpretation by the (Dutch) Police. Through her gained insight, knowledge and experience in this area she has advised the Management of the Aruban Police Force on the policy for preventing and addressing safety and integrity issues within the organization. NEW ADDRESS FORENSIC SERVICES CARIBBEAN (FSC) Regarding their growth as per February 1, 2013 Forensic / Compliance Services Caribbean has relocated to a new and enlarged office. At the new location FSC also has good and accessible training facilities.

The new address is: Mauritslaan 1 Emmastad, Curaçao Phone: 461-7974 Fax: 461-7905 Email: contact@compliance-caribbean.com Website: www.compliance-caribbean.com

OFFICE FORMATION CHANGES

In section an update is provided about CIFA Members concerning international expansion, name change,

office formation changes and changes of address.