Managers of Wealth Offshore

Patience urged on pension withdrawals

Thousands seek info, new withdrawal form released

Eastern Caribbean Supreme Court Adopts Measures For Alternative Effect Of Service On BVI Business Companies

These changes will be in effect until the Chief Justice so directs.

Ireland Update: Sustainable Finance DEvelopments

Notwithstanding the impact of the COVID-19 pandemic, April 2020 saw several significant steps as the EU continues to push a harmonised framework for sustainable finance.

Republic of Ireland becomes African Development Bank Group 81st shareholder

Ireland’s Strategy for Africa 2025 includes a commitment to collaborate with the critical financial institution on the continent

BVI CBCR Reporting System And Fatca / CRS Deadlines Extended

The BVI ITA announced it is accepting electronic CbCR filings and FATCA / CRS deadline extensions.

Ashburton Investments enhances fund administration through JTC partnership

This follows a review of Ashburton Investments’ operating platform to better meet the needs of the group’s global client base.

EU to beef up scrutiny of money-laundering risks, adds Panama to list

The revised money-laundering list, expanded to include 22 from 16 states, is set to take effect from October.

Malta's regulator publishes list of unlicensed digital currency firms

The island is known for its pioneering approach to fintech

France becomes latest country to ban companies registered in offshore tax havens

Of France’s €110 billion package, four billion has been reserved for struggling startups, while €20 billion is being kept for larger firms, such as Air France.

BDO Guernsey acquires Cerberus

“We are excited to integrate our approaches and to broaden our advisory services to clients.”

Guernsey regulator fines wealth company directors £60000

Following consideration of the investment advice in the client files, the Commission noted that CWM was advising on and promoting Structured Notes

Economic Vision Must Go Beyond Restarting

It is important that these lessons are considered by policymakers and incorporated into the National Development Plan (NDP).

The intermeddling offence in Jersey: revised guidelines issued

Unlike the UK, Jersey imposes criminal liability on those who intermeddle in relation to a deceased's 'movable estate' (i.e. personal or movable property). Article 23(1) of the Probate (Jersey) Law 1998 sets out the offence:

The key role of compliance in business continuity

Compliance is central to our client’s success and working with service providers that can set up structures quickly, efficiently and within the limits of the local and global legislation and regulation is a key requirement.

Cayman Government proposes framework to regulate crypto services

The Cayman Islands would be one of the few countries in the world to adopt such a cutting-edge framework that is in alignment with global regulatory standards.

Curaçao Central Bank disapproves solidarity tax

It follows from this analysis that the solidarity tax, while maintaining part of the income of vulnerable and most affected groups in society, will have a pro-cyclical effect on the economy.

Bermuda opens economic substance declaration portal

Bermuda enacted economic substance legislation requiring regulated entities to file an economic substance declaration form with the Registrar.

Cayman Islands crypto regulations bill to promote fiscal transparency

New bill aims to bring crypto under the purview of Cayman Islands Monetary Authority

A guide to lending and secured finance in Jersey 2020

The absence of significant European M&A activity has continued to depress the leveraged finance market, although the outlook for 2020 is stronger with considerable private equity dry powder available.

BVI regulator comments on FATF statements regarding high (and higher) risk countries: compliance officers take note

The FATF is the global body that promotes measures for combating money laundering, terrorist financing, proliferation financing

Regulation, Risk & Compliance