Managers of Wealth Offshore

Focus on Finance - June 2017

Delegates heard from expert speakers about how the international wealth management industry is responding to unprecedented market disruption, regulatory change and the rise of post-truth politics.

Wealth managers face $1.1trn outflows on tax avoidance crackdown

It’s a continuation of the overall challenges that the industry is facing

The easiest and most complex jurisdictions in the world for accounting and tax compliance

Turkey is the most complex place in the world for Accounting and Tax compliance, followed by Brazil, Italy, Greece and Vietnam - according to TMF Group’s inaugural Financial Complexity Index 2017.

What every HNW needs to know about offshore trusts

For people who want to avoid transparency, even for criminal, tax, and regulatory purposes, BVI is not the right jurisdiction.

And the best offshore bank account is…

No matter where you are, transferring money costs a fortune thanks to all the checks the banks must go through to examine whether you’re secretly funding Al-Qaeda.

Cyprus' investment-for-citizenship program raises questions

The program has proven hugely popular.

Cayman scores low on cybersecurity assessment

The report only analyzed companies with headquarters in Cayman that are publicly traded and that release an annual report.

Record ILS growth sets the stage for Zurich insurance masterclass

The outstanding market size of $27.19 billion is roughly $377 million higher than at the end of 2016, according to figures from the Artemis catastrophe bond & ILS market Q1 2017 report.

BDA releases new testimonial video

Key executives featured in the video describe what they feel are the Bermuda market’s core strengths and why their companies chose the island as a base from which to conduct global business.

Research reveals US expats don’t like tax rules for those working overseas

The survey from expat tax specialists Greenback, also found that 62% of expats reported that they did not owe any taxes last year or receive a refund. Under the FACTA rules introduced in 2010 all American taxpayers must file their foreign financial accoun

Rise of the technophobe - education key to tech adoption, says HSBC

The HSBC research report, Trust in Technology, shows that technologies such as fingerprint recognition, voice recognition and robo-advice hold enormous potential for uses from bank security to mobile payments and investment advice, yet millions of people

The 1000 richest families in Scandinavia evade a third of their taxes, finds a new bombshell study

Research study: The richest families in Scandinavia avoid paying up to a third of their taxes

Increased international co-operation on financial and corporate issues essential to making globalisation work for all

The OECD Business and Finance Outlook 2017 says that strengthening global governance and co-operation on corporate and financial issues involves establishing “rules of the game” which are both fair and perceived by all to be fair.

Trust in Technology - HSBC

A study of more than 12,000 people in 11 countries into global technology perceptions and habits, conducted independently and commissioned by HSBC.

Asset Management Fee Comtinue To Fall Across Asset Classes

The bfinance report “Investment Management Fees: New Savings, New Challenges” found that active global equity management fees have dropped by 8% since the 2010-2014 period as many big investors have embraced passive strategies, brought functio

Dubai companies ‘target clients’ of Panama companies, according to FIAU report excerpts

It is unclear who set up these companies in the first place, but a transaction was expected to take place between Orion Engineering Group to 17 Black.

Adopting new technologies could help banking customers, according to HSBC

Respondents were found to lack knowledge of new technologies, with blockchain, finance applications integrated into social media and robo-advisors being amongst those that are the least understood.

China set to invest massively in Latin America and the Caribbean

Now, thanks to the help of what will soon be the world’s largest economy, Latin America and the Caribbean finally look set to enjoy a quality of life and standard of living to rival North America and Europe.

BVI drives connectivity to China’s Belt and Road initiative

Will it be Hong Kong or London as the Belt and Road’s financial hub?

CIBC FirstCaribbean Named Best Retail Bank in Barbados

CIBC FirstCaribbean operates in 17 territories across the English and Dutch Caribbean.

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