Managers of Wealth Offshore

Pilatus fined for failing to give information to FIAU

Bank was fined for its failure to reply to two 2017 requests for information

Carey Olsen advises on Yoo Capital's Jersey fund launch

The Carey Olsen team advising on the launch was led by partner Chris Griffin, assisted by associate Stephanie Hobbs.

ATO cracks down on foreign investment

As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies or individuals lending to Australian businesses that were unable to secure traditional finance and that produced financing arr

Two Bedell Cristin partners included in Top 100 Trust Litigators List 2020

Andrew specialises in all aspects of international wealth structuring in the Cayman Islands and British Virgin Islands.

Nicholas Pattman is the sole offshore lawyer recognised in Latinvex’s “Top 100 Lawyers” 2020

Conyers Latin America group advises clients located in or transacting with Latin America on the laws of Bermuda, BVI and the Cayman Islands.

Ian Mann named as a Top Trust Litigator in Citywealth’s Top 100

Research revealed the top 100 individuals who have the knowledge, skill and determination to negotiate with the toughest opponents through the hardest circumstances.

New Supervisory and Enforcement Regime on the Horizon: Practical Guidance for Financial Institutions

In Q1 2021, the Commission will publish legislative proposals "to deliver a single rulebook in the field of AML/CFT, based on a thorough impact assessment.

Cayman Regulatory framework for virtual asset services adopted

Attorney General Samuel Bulgin lent his support to the bill, stating that it strikes a balance between new, innovative ways of conducting business and the public interest.

Cayman Lawmakers pass raft of anti-money laundering bills

The CFTAF rated Cayman only partially compliant in terms of beneficial ownership transparency, citing challenges in verifying the information and a lack of effective sanctions for non-compliance.

Registration deadline approaching fast: Cayman private funds and limited investor funds

Private funds and limited investor funds existing prior to 7 February 2020, as well as new private funds launched between 7 February 2020 and 6 August 2020, have until 7 August 2020 to register with the Cayman Islands Monetary Authority

Kenya’s elite cart away Sh328bn of World Bank aid

The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania.

A Just and Equitable Decision: Cayman Court of Appeal Defines the Limits of Arbitration in a Winding Up

CICA Decision Ting Chuan’s appeal of the refusal to strike out decision was dismissed and the Petitioner’s appeal of the stay was allowed.

Going Private Transactions During Covid-19

The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.

Scandal-hit states oppose plan for EU scrutiny of money laundering

At a closed-door videoconference of EU finance ministers on Tuesday, Estonia, Hungary and the Czech Republic opposed the plan, according to three officials who attended the online meeting.

Millionaire Monaco-based Matalan founder sues PwC over tax liability

This alleged non-residence led Hargreaves to claim he was not liable to capital gains tax on a gain of £200 million arising on the disposal of Matalan shares during its time as a public company.

Credit Suisse targets Luckin ex-billionaire's family assetsLenders led by Credit Suisse

Banks that participated in the loan facility to Lu’s investment vehicle have signaled they plan to sell Luckin shares pledged as collateral, though its unclear whether they’ve started offloading the stock or how much money they’ll be abl

The world’s dirty money by the numbers

Regulations are in place — but 99 percent of criminal proceeds still escape control in the EU.

Threatened Insolvency: Personal Exposure Of Directors

This article delves briefly into areas where a director may become personally liable for actions taken when the company is experiencing financial difficulties.

AG: Financial Services industry cannot continue to make “errors of the past”

Bethel said some 116 persons charged before the courts, 79 prosecutions and 46 money laundering convictions.

Asset Protection

Jersey and Guernsey trusts are an essential part of the toolkit

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