Managers of Wealth Offshore

Managing the Luxembourg voluntary liquidation process

Luxembourg also offers compelling structures.

Convex gets reciprocal US status

The Convex companies are the first in the global re/insurance market to be granted the status by California and the NAIC.

Continuing requirements for BVI companies

The Annual Declaration must be filed within six months of the company's financial period ending.

Reminder of annual filing deadline for CIMA registered directors

The annual declaration should be filed through the CIMA Director Portal.

A guide to funds and private equity in Jersey

Clients value our longstanding experience in investment funds and our active role in the market.

FC4S Welcomes Jersey to its Global Financial Network

The international Network of Financial Centres for Sustainability (FC4S) has welcomed Jersey, a forward-thinking international finance centre (IFC), to its global network.

Bankers were frustrated by rogue Credit Suisse manager

Mr Ivanishvili has vehemently denied authorising the purchase of the position in the stock that led to the call.

How regulated firms can successfully navigate the AML landscape

Put alongside the extraordinary figures released by leading legal and business research provider LexisNexis, which estimates AML compliance is costing UK financial institutions £28.7bn annually, there is clearly scope for improvement in this space.

Outsourcing your AEOI compliance: Why And How?

To comply with the requirements, reportable financial institutions had to find significant new technical resource to stay on top of and comply with the new regulatory environment.

BOJ plays middleman on real estate money-laundering talks

Jamaica continues to be greylisted by FATF for non-compliance with the global AML/CFT regime.

Jersey’s public and private sectors work together to combat cyber risk

This will help local organisations to prepare for a cyber incident, and enable them to test their cyber incident response capabilities effectively.

JFSC Feedback: Proposed fees for General Insurance Mediation Businesses, Money Service Businesses, Trust Company Business and Designated Non-financial Businesses and Professions

In order for us to deliver as a high performing regulator, and to continue to meet this new legislation the funding levels have been increased.

Upcoming Cayman Islands Economic Substance Reporting Deadlines

For entities with a different financial year end, the general rule is that the ES Return or TRO Form is required to be submitted within 12 months after the end of the entity’s applicable financial year.

Walkers Acts on First Successful Virtual Asset Service Provider Registration

The registration approval is the first to be granted by the Cayman Islands Monetary Authority under the new Act, and represents a very exciting development in the growing virtual asset and fintech industry in the jurisdiction.

Isle of Man fines corporate and trust services firm

The Isle of Man Financial Services Authority (the “Authority”) makes this public statement in accordance with powers conferred on it under section 13 of the Financial Services Act 2008 (the “Act”).

Central Bank of Ireland Provides Details for Taxonomy Regulation and SFDR Level 2 Fast-Track Processes

The TR requirements will apply from 1 January 2022.

First licence secured for cannabis cultivation locally

The medicinal cannabis industry has been championed by Deputy Neil Inder, President of the Committee for Economic Development, as potentially an important economic sector for island.

LV to be run from tax haven after £530m deal: Private equity predator registers shell company in Jersey

Private equity firms often use complex webs of offshore companies in the Isle of Man, Jersey and the Cayman Islands to take advantage of lower taxation and disclosure requirements.

The third Annual Monitoring Report for the Island Development Plan has been published

The report also shows that there was a high rate of approval of planning applications in 2019 and 2020 (only 131 applications were refused out of 3,081 applications determined) and only 4 appeals against refusal of planning permission were decided during

Employment & Social Security engages with local pension providers following withdrawal of preferred supplier

Initial discussions have taken place with local pension providers, from which the Committee has determined that there is significant interest in providing the scheme.

Regulation, Risk & Compliance