Managers of Wealth Offshore

Antigua and Barbuda Citizenship by Investment Program For CEOs, Investors, and High Net Worth Individuals

Antigua allows dual citizenship and does not require you to renounce your previous citizenship.

Cayman Islands Government Statement on EU List of Non-Cooperative Tax Jurisdictions

The Cayman Islands Government has offered to make itself available for further dialogue or clarification with the Commission and the EU Ministers of Finance.

UAE bank fined $600k over money laundering risk

The transactions were made over the counter at Abu Dhabi Commercial Bank’s UAE branches

Cyprus, Portugal among states rebuked by EU over delays in money-laundering reforms

EU governments and lawmakers agreed on the new rules three years ago and then formally adopted them in 2018

MONEYVAL experts say Gibraltar must do more to combat money laundering and terrorism financing

Their report outlined numerous case studies of international cooperation with other countries in investigations ranging from terrorism to money laundering and organised crime.

Financial sector targeted in HMRC's crackdown on tax evaders

The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development.

EU warns Cyprus 'golden passports' scheme are a laundering risk

Real estate is broadly known to be used by money launderers as a stable investment which can appreciate over time, and is normally subject to more limited scrutiny

EU to put Cayman on tax blacklist next week

“If we consider the extent of cross-border cooperation that has been in place for decades, plus the recent legislation on economic substance, as well as beneficial ownership, it is hard to conclude that we belong on such a list.”

China: Introduction To The Economic Substance Act In The BVI

The ES Act requires a legal entity (a company or a limited partnership) that conducts relevant activities, as defined under section 6 of the ES Act, during a financial period 1 to comply with the economic substance requirements in relation to that activit

Cyprus 'golden passports' scheme a laundering risk, says watchdog

Under the program, a minimum 2 million euro ($2.18 million) investment can get a passport and instant visa-free travel throughout the European Union, of which Cyprus is a member.

Redomiciling Of Companies Between Offshore Financial Centres – Why Businesses Are Consolidating

Where a company is carrying on a regulated activity, the consent of the regulators in both jurisdictions is typically required, and whilst this adds time to the overall migration process it is by no means a barrier to the migration occurring.

Fighting money laundering on every front

It helps make sure preventative measures are robust, and businesses' risk assessments are complete.

Cayman: Introduction of Registration Regime for Closed-Ended Funds Summary

Walkers will continue our work with the Cayman Islands government, the Cayman Islands Monetary Authority and other key local professionals, and will provide updated summaries and client advisories as matters progress.

Barbados' economic substance rules brings and end to separate tax rates

The Act requires business companies that are resident in Barbados for tax purposes and which conduct certain types of activity to have adequate substance in the jurisdiction.

Cayman Islands Mutual Funds Law (2020 Revision)

The proposed amendments to the Mutual Funds Law (2020 Revision) have now been passed into law.

Fundamental snag with new EU money-laundering rules

In this instance, the intention of the registers has been partially described on the European Commission's website as: "Enhancing transparency by setting up publicly available registers for companies, trusts and other legal arrangements."

Barbados' economic substance rules brings an end to separate tax rates

The new requirements in Barbados are contained in the Business Companies (Economic Substance) Act, 2018.

Buyers bemoan ILS need for models

These revelations will be of great interest to the ILS community in Bermuda as they clearly illustrate some of the barriers to growth that still exist in this market—and what needs to happen for these to be overcome.

Key Amendments to Cayman AML Regulations and Guidance Notes

Changes to the AMLRs and the AML/CFT Guidance Notes to implement observations made by the CFATF in its Mutual Evaluation Report of the Cayman Islands.

The Offshore Litigator's Perspective

It is our client's second win in the Privy Council in this litigation and our briefing on it is vital reading for those interested in the offshore funds industry

Regulation, Risk & Compliance