Managers of Wealth Offshore

Fund structuring: Shariah compliant funds In Guernsey

Guernsey has traditionally been a favoured domicile for Shariah compliant structures.

Heads Will Roll: Cayman’s Proposed Amendment to the Companies Act (2021 Revision) Would Abolish Headcount Test

Members’ schemes of arrangement will then only require the approval of 75% in nominal value of the members

Snapshot: registrations of charges and priority of security in BVI law

The effect of such a Section 163 filing is to create priority of that security interest over any subsequently registered or unregistered security interest.

A Guide to Blockchain and Cryptocurrency Regulation 2022 (GLI chapters): Bermuda, Cayman Islands and Jersey

The Carey Olsen chapters provide analysis and commentary on blockchain and cryptocurrency regulation in Bermuda, the Cayman Islands and Jersey.

Anti-discrimination law update – votes, votes and more votes

Update on the Guernsey proposals for protection from discrimination for individual religious or philosophical beliefs

JT takes its place in the fight against global fraud

There has been a worldwide increase in SIM card fraud – an account take over, where control is transferred from a genuine SIM card to one controlled by criminals.

The unintended consequences of the FATF Standards, with an emphasis on Bermuda

Regulators in civil‑law jurisdictions whose laws do not recognise trusts appear to more readily assume that trusts are frequently used for money laundering or terrorist financing.

Guernsey Mourant Governance Services team wins Corporate Services Team of the Year award

The award recognises best practice in good governance in a complex legal and regulatory environment and is awarded to the team that demonstrates excellent collaboration, strong communication, and effective and innovative ways of working.

Top ten FATCA sign-ups revealed - Cayman Islands leads the pack

Under FATCA, banks and other financial services businesses outside America are compelled to report the income of all US citizens, accidental or otherwise.

BMA Releases 2020 Captive Report

The report focuses on four key areas: business written, industry utilisation, balance sheet composition and profitability indicators.

EU Commission designates replacement rates for CHF LIBOR and EONIA

The CHF LIBOR is the rate of interest at which large multinational banks access the wholesale, unsecured funding market to fund themselves in Swiss francs.

Future-proofing Guernsey’s finance sector

The new and amended regulatory laws offer industry more coherent legislation by removing inconsistencies across sectors.

Definitions of “Benefit” - Jersey’s Royal Court offers Useful Guidance on Trusts and Non-Financial Benefits

The Court confirmed in this regard that the interpretation of “benefit” applies equally to an application to vary a trust as it does to an appointment of income or capital.

Trust but Verify: Establishing a Client’s Source of Wealth

Epstein advocates a “trust but verify” mindset.

Implementation Automatic Exchange of Information(AEOI) Reporting – things to consider

What many members of industry have since found, especially those members who perform reporting across multiple jurisdictions, is that reporting is in fact not wholly standardized.

Financial Crime in Latin America and the Caribbean: Understanding Country Challenges and Designing Effective Technical Responses

The 300-page report provides a country-by-country overview of the scope of financial crimes and main threats facing individual countries.

Regulation, Risk & Compliance