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The Pacific Catastrophe Risk Insurance Facility

2016 September: In June of this year the Cook Islands passed the Pacific Catastrophe Risk Insurance Facility Act 2016 (the “Act”).

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Italy Publishes the New White List for Tax Purposes

2016 August: On 22 August 2016 the Italian Government added 51 new jurisdictions to the list of jurisdictions that it considers allow an adequate exchange of information for tax purposes with Italy (the so called “white list”).

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Capital Security Bank in the Cook Islands first for safety of deposits

2016 August: Following the UK vote to leave the European Union, and with the fallout from the Global Financial Crisis of 2008 still fresh in the minds of those who lost money held in financial institutions, people in Europe are again questioning the security of their funds deposited in banks arou

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The OECD's Global Tax Transparency Forum Phase 2 Peer Review Process Continues

2016 July: The OECD’s Global Tax Transparency Forum Phase 2 peer review process continues with Switzerland, the world’s largest financial centre in terms of funds under custody, having now attained the rating of “largely compliant”.

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The New Zealand Government Inquiry into Foreign Trust Disclosure Rules is Released

2016 July: The New Zealand Government Inquiry into Foreign Trust Disclosure Rules was released on the 27 June 2016.

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Commonwealth International Tax Roundtable

2016 June: The FSDA attended a Roundtable hosted by the Commonwealth Secretariat in London.

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Panama Papers

2016 May: In response to media purporting to connect the Panama Papers to the Cook Islands, National Business Review requested an interview with our CEO, Tamatoa Jonassen.

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Global Island News Article

2016 May: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was recently featured by Global Island News in an article titled "A Bridge to Financial Safety in a World of Turmoil" available in the May 2016 edition of Global Island News or online here.

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Captive Insurance Times

2016 March: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was interviewed by Captive Insurance Times captive insurance industry beginning in the Cook Islands.

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China Offshore

2015 November: The FSDA attended the China Offshore Summit in Shanghai in November. The publication China Offshore Trust and Foundation Guide was also release with a section covering the Cook Islands.

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Signing of TIEA between the Cook Islands and the Kingdom of Belgium

2015 Sept: The Cook Islands signed its 21st Tax Information Exchange Agreement (“TIEA”) with the Kingdom of Belgium in Brussels on 21 August 2015. The signing signifies further progress by the Cook Islands in meeting our international tax obligations.

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Global Island News Interview

2015 Sept: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was recently interviewed by Global Island News relating to the financial services industry in the Cook Islands.

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Order Designating Foreign Governments

2015 Sept: The Financial Institution (Provision of Customer Information) Act 2013 ("Act") passed in 2013 was designed to remove legislative barriers which prevent Banks and Trust Companies that operate in the Cook Islands from providing to the tax authorities of other countries i

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Cook Islands' Global Forum Phase 2 Peer Review Press Release

A positive Phase 2 Peer Review reinforces the strength of the Cook Islands' regulatory environment and commitment to meeting its international obligations.

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2014 Trustee Companies Act Release

The Cook Islands Parliament passed the Trustee Companies Act 2014 which will improve the Financial Supervisory Commission's ability to carry out its functions in line with current international standards.

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Cook Islands Passes Captive Insurance Act

As part of its long term strategy to grow the international financial services industry through new services and new client markets, the Parliament of the Cook Islands passed the Captive Insurance Act 2013 during yesterday's session.

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About Us

Stability. Innovation. Service: World Leaders in Wealth Protection

CONTACT US

  • P.O. Box 3255,
    Clarkes Building, Parekura, 
    Rarotonga, Cook Islands
  • Phone: +(682) 21-175
  • Email: enquiry@fsda.gov.ck