Managers of Wealth Offshore

Central Bank Publishes Outsourcing Register - Submission Requirements

The latest advisory from Walkers' Asset Management & Investment Funds Group explains the scope of the rules, reviews the guidance notes, and sets out the key deadlines.

The Wait is Over - The Jersey LLC is Arriving

Following the registration by the Royal Court of Jersey of the Limited Liability Companies (Jersey) Law 2018 (LLC Law) there has been extensive consultation and preparation to support the establishment of limited liability companies in Jersey.

Skipton updates saving offerings as bank base rate rises

The new products include a fixed rate product, maturing September 2024 at 2.7% and a fixed rate product maturing September 2023 at 2.4%.

The rise & rise of financial services regulation & its enforcement

Together with the demand for increased transparency with respect to the financial affairs of the wealthy with a view of securing higher domestic tax revenues, especially post the global financial crisis, these suspicions have manifested in ever increasing

Australia and the People's Republic of China now part of Luxembourg's third country regime for investment services

The change follows new regulation issued on 20 July 2022 by the Luxembourg Financial Sector Supervisory Authority

Enstar unit buoys Argo with loss portfolio transfer

The closing of the transaction is subject to regulatory approval and other closing conditions and is expected to be completed in the second half of 2022.

Elliot Refson featured in PERE’s Fund Domiciles and Regulation Keynote Interview

Additionally, looking to the future, the interview covers what Jersey as a jurisdiction is doing to adapt to a new era of digital assets and how the increased importance of ESG to investors will affect fund domiciliation decisions.

Aspida Re partners with Texas life insurer

The partnership will improve National Western Life's product competitiveness, increase financial flexibility, and provide an opportunity for incremental earnings.

Dirty money - The biggest policy failure of all

A paper Mr Littrell published on the enforcement of AML last year in The Bahamas had a section dedicated to biases in national AML risk assessments, which concluded that dirty money in aggregate is much more of a problem in white majority countries and fo

Data privacy survey reveals Islanders more aware of protecting their data

Under the Law, individuals have rights over the use and processing of their data.

Chambers Global Aviation Finance & Leasing Guide 2022

The Aviation Finance & Leasing Guide covers 28 jurisdictions

EDPB's Approach to GDPR Fines

The Guidelines are intended to harmonise the starting point and methodology for calculating GDPR fines but not the outcome, as fines will depend on all the circumstances of the particular case.

The Mauritius Finance Miscellaneous Provision Act 2022

The monthly retirement benefit is reduced from MUR 4,500 to MUR 1,000 for the months of July 2022 to June 2023

HSBC reprimanded for missuse of Guernsey staff information

The Authority issued a reprimand to HSBC, which is a formal recognition of wrongdoing and one of the sanctions available under the local data protection law.

Non-profit ‘tired of the run around’ from local commercial banks

“There is no set standard and I think the Central Bank needs to step in and make a decision on what the guidelines are and what the standard should be.”

Hungary hits Ryanair with fine over inflation tax

Irish budget airline fined €766,000 for passing on Hungarian tax to customers

Maples Group Announces Three-Year Partnership with Cayman Connection

It is our hope that this financial commitment will enable Cayman Connection to continue providing invaluable services, support and programmes to overseas Caymanian students.

Cayman's beneficial ownership register regime

This Guide looks at the requirements of the beneficial ownership regime, the exemptions available and the consequences of failing to maintain a beneficial ownership register in accordance with the relevant legislation.

Bermuda Expands Applicability Of Its Investment Business Regime

Pursuant to both the Current IBA and the Amended IBA, “investment business” means engaging in one or more investment activities specified in the statute by way of business.

Report says law firms present “medium-high” risk for money laundering

Resolutions of money laundering and terrorist financing concerns might also be more straightforward too if the situation was not further complicated by existing cases in the courts of the Cayman Islands

Regulation, Risk & Compliance