11/19/2014
The Wealth-X and UBS World Ultra Wealth Report 2014, released today, shows that 12,040 new ultra high net worth (UHNW) individuals were minted this year, pushing the global UHNW population to a record 211,275, a 6% increase from 2013.
11/12/2014
On October 24, CBS announced that BMIO’s lack of foreign banking representatives left the bank unable to process outward foreign currency transfers for its clientele, leaving its clients abroad unable to perform transfers or deposits.
11/03/2014
The U.S.’s enactment in 2010 of the Foreign Account Tax Compliance Act , or Fatca, sent a jolt through the offshore industry.
10/31/2014
The international credit rating agency, Standard & Poor's, has assigned Guernsey a high grade AA+ credit rating and has confirmed that the outlook is stable.
10/30/2014
A huge global pressure to break secrecy veils of Swiss banks notwithstanding, Switzerland remains the world's largest offshore financial centre with client assets totalling over USD two trillion, a new study said today.
10/20/2014
Kinetic Partners, the global professional services firm, has released new research showing that 70 per cent of lawyers polled expect enforcement and compliance to be the most likely cause for litigious action in the financial services industry over the ne
10/16/2014
Launched at a special Crestbridge Forum, attended by over 100 highly influential fund sector specialists in Luxembourg on Thursday 2 October, the IFI Global ‘Impact of AIFMD’ report examined opinions on the impact of the introduction of the Di
10/14/2014
If the overall rating in the index is higher than the score from survey responses, he wrote, the result reflected a reputational disadvantage. All offshore centers in the ranking suffer from this reputational weakness.