Managers of Wealth Offshore

Appleby's Hong Kong Office Acts as BVI and Cayman Islands Counsel for Times China Holding

The team was led by Partner Chris Cheng, supported by Legal Executive Connie Wu.

Cayman Islands private funds: beyond registration

Key areas of focus since the initial launch of the private funds regime

CIMA hands out $72,800 anti-money laundering fine to Star Insurance

The authority said in an enforcement notice that the breaches were initially identified during an on-site inspection conducted in 2019.

Saffery Champness : Business Update – March 2021

The Coronavirus pandemic has heightened the importance of cash retention for companies and this was reflected in changes announced by the Chancellor in the Budget.

Sanne secure first specialised depositary services licence in Ireland

The new licence expands Sanne’s already well-established product offering to cater for Irish domiciled closed-ended funds.

Health insurance giant Generali pulls out of Cayman

The global insurance giant announced the decision in a public notice in the Cayman Compass on Friday.

BVI ITA issues 2021 list of Reportable and Participating Jurisdictions for CRS

Reportable Jurisdictions are those participating jurisdictions with an agreement in place to exchange relevant CRS account information with the BVI.

Director disqualification: 12 year disqualification penalty imposed in Guernsey

A prohibition order was initially made against the individual concerned, in this case, regarding his involvement in a business enterprise.

Five things you need to know about the Cayman Islands Private Funds Law

There are a number of annual requirements for private funds under the new PFL.

Will 2021 be the year of special purpose acquisition companies (SPACs) in Luxembourg?

A SPAC is essentially a shell company formed with no business purpose or undertaking other than to raise funds for some future undefined object, and then later use the proceeds of that offering to acquire a private company in a reverse merger.

Australia: Removal of OBU regime and new arbitration process with Belgium

Jock McCormack of DLA Piper highlights the key tax-related developments from March 2021 in Australia.

Reforms to the company services provider sector are now in force

CSPs which were not previously registered, but which are no longer exempt, have set time periods within which to apply for authorisation.

CIMA issues fake money warning

The Financial Crimes Investigation Unit is currently looking into the incidents and is advising the public to be on the lookout for such forged notes.

Regulatory investigations in Guernsey

The critical question which a Guernsey licenss (or business) will need to swiftly address is how to respond and how to manage the situation.

New rules set to make the commencement of proceedings before the BVI Commercial Court more straightforward

One of the review's recommendations is to remove the requirement to obtain the court's permission before court process, including a claim form, may be served out of the jurisdiction

ESAs remind consumers about crypto-asset risks

Crypto-assets are quite diverse in nature and come in many forms but the majority remain unregulated in the EU

Important Bermuda Economic Substance Update - March 2021

These changes have been implemented by the Registrar in response to reviews completed by the EU Code of Conduct Group on Business Taxation and are consistent with Bermuda's ongoing commitment to comply with international standards.

HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions

Requirement to apply Enhanced Due Diligence for higher risk jurisdictions.

Jamaica’s Central Bank to Pilot CBDC Beginning in May

The Bank of Jamaica will pilot the CBDC in its fintech regulatory sandbox from May to December.

Global citizens shell out $142K for Cayman access

Cayman’s Global Citizen Concierge programme has netted KYD $142,154 in application fees since it began last October, according to statistics from the Department of Tourism. The programme, which was first introduced as a measure to attract long-term

Regulation, Risk & Compliance