Managers of Wealth Offshore

Broker Admits ‘Improper Use’ Of $4m Client Monies

When no response was forthcoming, the regulator moved to the present legal action.

Malta's stand on anti-money-laundering rules is 'in line with EU' - OPM

Centralised company registers will now detail who ultimate beneficiaries are

Odebrecht used offshore firms to transfer money to Peru

The case constitutes an unprecedented criminal scheme in Peru, unlike the ones usually processed in the country's justice system, such as collusion and cash payments.

60 Minutes Spotlights On Caribbean Passports for Sale

The passport allows him entry to more than 100 countries without having to get special permission.

Singapore proposes changes to peel off layers shielding beneficial ownership

The proposed changes were first mooted back in Sept 30 by senior minister of state for finance Indranee Rajah

No Income Tax Deductibility For Corporate Criminal Fines In Switzerland

The company had taken a provision in the amount of approximately CHF 460'000.

MAURITIUS: Amendment to the Non-citizens (Property Restriction) Act

As announced in the Budget 2016/2017, the Non-citizens (Property Restriction) Act has been amended on the 20 December 2016 to allow non-citizens, registered with the Board of Investment to acquire apartments and business spaces in buildings, subject to se

US to assist Jamaica with introduction of Plea Bargining

The Act, which was introduced in 2006, and amended in 2010, allows persons accused of crimes to plead guilty and give testimony or information in return for a reduced penalty.

Mauritius: Fiscal incentives on new licences

As mentioned in the Circular Letters, the licensee shall have physical office, minimum number of employees resident in Mauritius and minimum annual operating expenditure in Mauritius/assets under management as specified below.

BDA: Top 10 Bermuda Market Highlights Of 2016

Several key national indicators released this year underscore accelerating economic growth.

Zurich Cantonal Bank agrees to pay €5.7 million fine

The bank’s international push for growth has led to other problems, most notably a criminal investigation in the United States into allegations that the bank helped US citizens evade taxes.

Five dates for Cayman Island pension law changes in 2017

The related Normal Age of Pension Entitlement Option Order (‘NAPEO’) will come into effect as of 1 January 2017.

Ringing the changes: CIMA far fee notification and Reefs update - Solomon Harris

The FAR filing fee is set by the Mutual Funds (Annual Returns) (Amendment) Regulations, 2012 at $300.

Beneficial interest insufficient to bring unfair prejudice proceedings

That was one of the central questions posed in TIPP Investments PCC -v- Chagala Group Limited in proceedings before the BVI Commercial Court.

Some Christmas advice from Ogier's Employment Law team

Three things to remember about the Discrimination (Jersey) Law 2013 as we approach Christmas, the Party Season and of course Secret Santa:

Businessman sues UK bank for $4 million

The bank had sought to bar Al Shams from prosecuting the civil suit on the grounds that its lawyers had filed heads of argument out of time.

Cayman Islands plans beneficial ownership platform

The Cayman Islands will gazette two pieces of legislation before Christmas that will pave the way for the jurisdiction to create a platform where overseas authorities can access information on the beneficial owners of companies and other financial entitie

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