10/23/2020
Luxembourg: Draft 2021 budget law presented to Chamber of Deputies
The new legal framework would omit some of the conditions required by the 2014 circular
Regulation, Risk & Compliance
10/22/2020
Cayman Islands Economic Substance Reporting and Notification
The Cayman Islands Department for International Tax Cooperation (the "DITC") has yet to make available the portal for purposes of the ES Return.
10/22/2020
Data protection: Preparation, planning and privacy is key
This is particularly important with respect to sensitive data or information about children and other vulnerable individuals”.
10/22/2020
Anti-money laundering (AML) program effectiveness
Transforming AML programs to enhance outcomes for law enforcement
10/22/2020
Challenges for Family Offices – and Five Reasons to Consider a Restructure
A FO will ideally want to remain agile and able to stay abreast of change from both within and outside of the family.
10/21/2020
Controversial shell-company ‘factories’ seek a role cleaning up UK’s reputation
It would ‘put the fox in charge of the henhouse’, anti-money-laundering experts warn, after FinCEN Files identified thousands of U.K. shell companies linked to suspicious transactions.
10/21/2020
Grand Bahama Island will further loosen restrictions
Beaches and most major hotels are now open, and visitors are required to vacation in place for 14 days or the length of their stay, whichever is shorter, through Oct. 31.
10/21/2020
New rules let Global Citizens work from Covid free Cayman
As a result it is now offering those who can show they can support and maintain themselves and their families the opportunity, for a fee, to reside in and work remotely from Cayman, whilst enjoying a lifestyle free of Covid-19 restrictions.
10/21/2020
CP86 2.0: Welcome Clarity on Corporate Governance Issues
The Central Bank of Ireland has published the findings of its themed inspection of Irish fund management company governance, management and effectiveness.
10/20/2020
Isle of Man regulator eyes shift in funding structure
Quilter International chief expects ‘an increase in fees over the next two years to be proposed’
10/20/2020
Jersey updates laws to 'carve out' exceptions to the post-Brexit immigration regime
The idea is that the Home Affairs Minister, currently Constable Len Norman, would have powers to ‘carve out' exceptions for certain industries which rely on immigrant labour, such as agriculture and hospitality.
10/20/2020
Expats to be hit with additional pension access charges post-Brexit
The organisation also noted that providers are on high alert regarding overseas pension scams and may refuse to transfer a pension abroad or take up to six months to complete the necessary due diligence to release the funds.
10/20/2020
Sustainable Financial Disclosures: Key Deadlines for Global Investment Managers
SFDR prescribes mandatory disclosures to be made by managers and investment funds3 relating to sustainable investments and sustainability risks.
10/20/2020
Global Citizen initiative moves forward
Applications are also open to couples earning a combined minimum income of US$150,000 and families with an annual income of US$180,000 or more.
10/19/2020
Share Purchases: A Tax Overview (Ireland)
In this article, Andrew Quinn and John Crowley address the major Irish tax issues which arise when structuring the sale of a company's share capital and, in particular, the position of Irish resident sellers.
10/19/2020
ADGM and Companies House Gibraltar partner to bolster respective registration functions
MoU to facilitate development of ADGM and CHG registration functions
10/18/2020
Cyprus Makes Post-Brexit Pitch to Brits
A no-deal Brexit will hit payment and e-money institutions particularly hard.
10/16/2020
Billionaires Worth Over $35 Billion Could Be Locked Out Of Europe As Cyprus Finally Suspends ‘Golden Passport’ Schemes
Transparency say 30 individuals with pending criminal charges or convictions, and 40 people they classify as “politically exposed persons” were revealed in the leak.
10/15/2020
FCA takes “welcome step” in asking banks to warn expats of account closures
The FCA’s response, published today, reports that not all firms are informing customers that their current accounts will be closed. It also states that the FCA wrote to banks last week on the importance of being prepared for the end of the transitio
10/15/2020
International Property Securities Exchange and Securitisation Vehicles: The Perfect Match
Combine these, and offshore jurisdictions such as Guernsey become an ideal jurisdiction for property securitisation vehicles looking to make the most of the new opportunities provided by IPSE.