Managers of Wealth Offshore

Secret Credit Suisse Stash, Bahamas in Case Targeting Enablers

Lawyer, banker caught up in case over client’s hidden accounts

Opinion on interpretation and implementation of MLI approved

The principles were drawn from public international law, the design of the MLI, and the MLI’s drafting history.

Funds Costs & Fees - Regulatory Spotlight

With this increased focus on costs and fees at both a European and national level, it is useful to consider the existing requirements, regulatory expectations and next steps for fund management companies.

Ireland Exercises National Discretions Under IFD/IFR

The Irish Department of Finance, as the department responsible for drafting the domestic legislation which will transpose IFD into Irish law, issued a public consultation on the national discretions under IFD in May 2020.

Malta: improvement in fighting money laundering and terrorist financing

As a result of assessment in 2019, Malta was requested to report to MONEYVAL under the enhanced follow-up procedure.

TISE lists more than 40% of UK REITs

The International Stock Exchange (TISE) is now the listing venue for more than 40% of all UK Real Estate Investment Trusts (REITs).

404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?

Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies

Moving to the Cayman Islands

The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.

A changing FIAU for changing times

We’re still secretive – that’s very important and we never showcase any case-specific information.

Saunders lauds ministry after auditor general’s report

“Strong financial management and reporting are the established cornerstones of good governance, and the latest report from the OAG, rounds out the true picture behind the government’s management and reporting efficacy.”

MOTA becomes member of Global Sustainable Tourism Council

Participants represented a cross-section of public and private sector organizations from various Bahamas destinations, including New Providence, Andros, Harbour Island, Abaco, Eleuthera, San Salvador, Exuma, Long Island, Bimini, Cat Island and Grand Baham

The economic substance requirements for Jersey partnerships

Resident partnerships are in scope of the law where they have gross income in relation to their relevant activities.

Why is the EU Breaking Its Own Treatise by Attacking a Small Pacific Island for not ‘Playing Fair’?

The Financial Action Task Force (FATF), responding to the APG at its February 2016 plenary session in Paris, placed Vanuatu on its dreaded grey list.

Jersey committed to growth of Islamic finance

In this article for Islamic Finance News, Manuela Belmontes, Simon Hopwood and Mark Crichton discuss Jersey's commitment to the growth of Islamic Finance and the increasing popularity for Islamic compliant funding as part of inward investment into UK

West City Bank is not registered in Malta or licensed here, MFSA warns

Do not undertake any business or transactions with the entity - watchdog

The Guernsey Private Investment Fund

Flexibility of form: can take a variety of legal forms, including a company, unit trust, limited partnership or other vehicle or entity approved by the GFSC.

Economic Substance in Jersey and Partnerships

New summary guidance

The tried and tested route into Europe post-Brexit

Guernsey has often watched – with a calm detachment – the waxing and waning of the UK’s mercurial relationship with the European institutions over half a century.

The Panama Papers Double Cross How a spy-for-hire got closely guarded dirt on the global elite.

The operative who beat the system was a hybrid journalist/spy-for-hire named Mark Hollingsworth.

Guernsey Private Investment Fund attracting tech sector

Reference Fund is a fund of funds structured as a Guernsey limited partnership, which targets investments with a global coverage (China, Israel, Europe and USA) in Seed stage technology focused funds.

Regulation, Risk & Compliance