Managers of Wealth Offshore

New digital Registry to go live on 1 December

The changes we are making coincide with a new law that the Government of Jersey is introducing, which requires us to collect more information for our central registers.

Isle of Man life insurance provider fined £87,000 by watchdog

The authority acknowledges and welcomes Isle of Man Assurance's co-operative approach and believes that this is a further positive endorsement of the decision-making process.

Jersey Property Unit Trusts - For UK Real Estate Investment

There are no legal restrictions on a JPUT’s ability to borrow, nor are there any gearing restrictions.

Guernsey and Isle of Man’s ‘in principle’ healthcare agreement

Travellers will still need travel and medical insurance to meet the costs of healthcare services

Bermuda Launches New One-Year ‘Work from Bermuda‘ Residency Initiative

The initiative is open to applicants from all industries, but many insurance and technology professionals will already be familiar with the island by virtue of its established reputation in those sectors and may be particularly interested in the opportuni

STM eyes acquisitions as Gibraltar regulatory situation is resolved

STM has a strong balance sheet and a market leading position to act as a consolidator in the sector.

Church Street Branch To Reopen In September

A spokesperson said, “HSBC Bermuda is committed to serving and protecting the health of our customers and offering the same protection for our employees and the wider community.

Regulator quits advisory panel after conflict of interest complaint

Mathew Beale, who also owns a firm that provides regulatory advice, was one of many islanders to raise concern about the unpaid appointment.

Increased Demand for Third Party Irish Management Company Services as Regulations Change

With a continued evolution in requirements for self-managed funds, new and existing investment managers are now subject to important changes.

Central Bank of Ireland Enforces €1.6M Fine for Cyber Security Failures

The regulatory investigation arose from a 2014 cyber fraud incident perpetrated on BOIPB resulting in a finding that BOIPB had not applied adequate cyber security arrangements.

Transfer by way of continuation out of the Cayman Islands

The Registrar will grant the deregistration as of the date the documents are filed, provided that all documents are in order

Carey Olsen partners discuss transparency on latest episode of Stephenson Harwood's private wealth podcast

The episode British Overseas Territories adopt public ownership registers – is this the end of privacy as we know it?

Swiss media report fingers Martinellis in bribery expose

The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.

New Cayman Islands Economic Substance Guidance Notes

The key change to the Guidance Notes was the inclusion of detailed sector specific guidance for each of the relevant activities.

Jho Low had a habit of 'masking' offshore company names to sound like established companies, court told

The issue came about as Wan Aizuddin was questioning Shahrol on Abu Dhabi Malaysia Investment Company (Admic) Ltd, a company which was originally registered as Malaysian Abu Dhabi Investment Company (Madic) on March 5,2013.

Businesses reminded to get ready for disability legislation

LAW is advising businesses that while it is their responsibility to make changes as soon as they become aware that an employee has a disability, they should not wait for individuals to ask for changes to be made.

Turbulent times for aircraft financing - a practical guide to repossession and deregistration of aircraft from Cayman

The Convention on International Interests in Mobile Equipment and the Protocol on Matters Specific to Aircraft Finance (the Cape Town Convention) has been extended to the Cayman Islands.

Watchdog gives US data sharing warning

For inter-group transfers, you could also consider Binding Corporate Rules, remembering that these must be approved in advance of any transfers by the JOIC.

Relying on Digital ID for AML/CFT Purposes in Jersey and Guernsey

This is in line with the position taken by the Financial Action Task Force (“FATF”) – the intergovernmental body whose Recommendations are the accepted international standard on AML / CFT – and followed by many other regulators aro

The U.S. Is a Haven for Money Laundering. That Might Be About to Change.

Tucked into the sprawling defense authorization bill are measures to create a corporate ownership registry, which would plug one of America’s glaring gaps.

Regulation, Risk & Compliance