Managers of Wealth Offshore

Luxembourg Corporate: unregulated securitisation vehicles

As a leading hub in Europe for securitisation and structured finance transactions, Luxembourg offers a pragmatic and secure legal and tax

Changes to the GFSC enforcement process

Guernsey’s success as a financial services centre is underpinned by its ability to effectively regulate businesses operating from within it.

CBI: New leverage limits and liquidity guidance proposed for Irish domiciled property funds

Some impressive achievements, reinforcing Jersey Finance’s commitment to supporting the DIFC

Three more jurisdictions sign MLI, which now has 99 signatories and parties

Thailand’s MLI position identifies 58 tax treaties that it wishes to be covered by the MLI, while Vietnam’s MLI position identifies 75 tax treaties that it wishes to be covered.

The DIFC’s Recent Record Performance Reinforces Jersey Finance’s Gulf Commitment

Some impressive achievements, reinforcing Jersey Finance’s commitment to supporting the DIFC and collaborating to achieve our mutual aims as IFCs in facilitating high quality cross-border business.

Russia/Ukraine crisis: New sanctions regulation in force in Guernsey

In January, the US also introduced a bill to facilitate the imposition of sanctions in the event of a Russian invasion of the Ukraine, in the form of the Defending Ukraine Sovereignty Act of 2022.

Ireland Update: Time to Act – Protected Disclosures (Amendment) Bill 2022 Published

The Bill brings changes including the enhancement of obligations to reporting persons and increased protection from penalisation.

Amendments Introduced to Bermuda's Segregated Accounts Companies Act

Also of note are the changes to the requirements related to the appointment of a segregated account representative ("SAC Rep"), which in almost all cases now require the SAC Rep to be a 'regulated person'.

Ogier introduces most expansive family leave benefits in the offshore world

Permanent employees are entitled to this benefit from their first day with Ogier, as continuous service requirements were removed from the Ogier maternity leave policies in 2021.

PraxisIFM Guernsey names Grow as its charity of the year 2022

In Guernsey, in addition to our many long-standing partnerships in sport and other initiatives the team has chosen to appoint a charity of the year with the aim to hone and direct our efforts into one agreed place where we can really make a difference.

Update on the EU AML List

Limited Impact for the Cayman Island

New Jersey solicitor sworn in at Myersons

She is a highly valued member of our team and she has a great career ahead of her.

Central Bank revises Malta's economic growth projections

Domestic demand main driver of economic growth

EU reviewing Annex II: Potential inclusion of BVI and Bermuda

Inclusion on the list means that the EU monitors for progress towards addressing the recommendations by the required deadline.

Central Bank's Securities Markets Risk Outlook Report and Key Areas of Focus for Funds and their Service Providers

This report outlines the Central Bank's supervisory priorities for securities markets in 2022 and also highlights conduct risks that the Central Bank has identified as key for securities markets.

MEPs want ban on golden passports and strict rules on residence-by-investment

Malta’s citizenship-by-investment scheme is increasingly being targeted by strong MEP stance on golden passports and visas

Update: Expansion of the Jersey Insolvency Toolkit

The adoption of the Companies (Amendment No. 8) (Jersey) Regulations 2022 (Regulations) [last week] brings welcome changes to Jersey’s insolvency toolkit.

Guernsey organisations need to register for data protection this month

The online process is straightforward and has a three-tier payment structure

A major development of the creditors' winding up regime in Jersey

The Amendments enhance and protect the interests of creditors and are based upon principles and practices widely recognised in other insolvency regimes.

Labuan now focusing on managing Covid-19

The new normal does not mean the Covid-19 pandemic has ended.

Regulation, Risk & Compliance