Managers of Wealth Offshore

Regulatory authorities making ‘significant progress’ in effectiveness against money laundering

The FIAU has also reportedly made strides to improve.

Turks and Caicos Ministry reminds bosses of their obligations

Anyone who fails to comply with the conditions contained within their work permits commits an offence and is subject to prosecution.

Extension of FATCA and CRS filing deadlines in Guernsey

The Revenue Service are therefore amending the previously notified reporting dates.

Practical Effects Of Significant Reforms To Guernsey’s Insolvency Law

The Ordinance extends insolvency professionals’ powers in four important respects.

Arrivals in Bermuda to be allowed to self quarantine

Meanwhile, all beaches, parks and nature reserves will be closed from 8:00 pm to 6:00 am for the duration of the Bermuda Day Holiday from May 29-31.

Can Apply For Pension Funds Starting June 1st

This option has been put in place as part of a Covid-19 economic relief programme to assist persons negatively affected by this pandemic. T

LatAm, Caribbean countries call for new governance, rules for financing

Mottley called for more incorporating new clauses in debt instruments to help avoid a sovereign debt crises.

The Funds Download: Episode two - A shadow over the global economy.

They relive the events of the financial crises of 2008/2009 and examine what valuable lessons were learnt by the Funds industry as a result.

Austrian Private Client Taxation 101: Private Foundations

From a corporate law perspective, a private foundation is a legal entity without owners or shareholders

HSBC mulls close or sale of Malta branch

This comes about as the HSBC board is working on the biggest restructuring in the bank’s 155-year history after deciding that the coronavirus crisis required more drastic measures.

Tiller announces CI partnership with Sionic

Sionic will also provide implementation support for clients wishing to install the software.

Are my pensions safe at this time?

This is because if there weren’t enough money in the pension scheme to cover all of the benefits, the pensioners have priority.

Cayman Islands finance minister spells out ‘stark reality’ of COVID economic impact

Government to seek bidders to provide $500M credit line

Consultation on revisions to the AML/CFT handbooks

The consultation is open until 31 July.

JFSC proposes fund fee increases

Deadline for feedback is 22 June 2020

Guernsey Mandatory Disclosure rules

The Law will impact arrangements or structures that it is ‘reasonable to conclude’ are either a ‘CRS avoidance arrangement’ or an ‘opaque offshore structure’ as defined in the Law (together the ‘reportable arrange

Report: 254 private funds have registered with CIMA

Our goal is to provide up-to-date data to the local financial services community,” the company said in a press release.

Senegal tears up its double tax treaty with Mauritius

Before the covid-19 pandemic, Mauritius was ranked the second fastest-growing wealth market, beaten only by China.

Bahamas Facing 'Eye Popping' 100% Debt

Mr Pinder described tomorrow’s budget as “a watershed moment for the country” given the critical need to set out an economic and fiscal recovery plan that will put it back on track.

"Back-to-back" redemptions in master-feeder fund structures: a cautionary tale

Harneys acted for representatives of Eagle

Regulation, Risk & Compliance