Managers of Wealth Offshore

Jersey protects its healthcare cyber security

ITC Secure launches 'Healthcare Dome' with Government of Jersey to protect the UK healthcare secto

Guernsey Private Investment Fund regime enhanced by proposed changes

The revisions will create the most comprehensive and flexible suite of options of any private fund regime.

Netherlands disagrees with Russia’s proposal to amend tax treaty

Press officer of the Dutch Finance Ministry Remco Raus said that generally, the Netherlands is prepared to review the tax treaty and is constructive during the process

Swiss banks ordered to disclose account details of FATCA non-compliers

Most banks agreed to join this non-prosecution programme, but some did not, or were disqualified from doing so because they were already under criminal investigation.

Commission proposes deregulation of non-Guernsey Fund Scheme Rules

Approval must be sought in respect of each individual relevant Scheme.

Fraud and Financial Crime Reduction in Banking with AI

This consolidated, wide range of data will constantly be at peril from fraudsters and cybercriminals.

CySEC’s enhancement of procedures to protect client funds held by CIFs

Until now there had been some ambiguity as to the processes to be adopted by CIFs handling client funds.

Swiss-UK deal to grant consultants privileged mutual access

Under the terms of the deal, British service providers will have access to the Swiss workplace for up to 90 days at a time, the government said on Friday.

The Receivers are coming

Parties often go to great lengths to evade the consequences of a judgment or order including pursuing robust legal challenges in court.

Malta luxury cards provider fined €373,000 for money laundering breaches

Ultra-rich spenders’ credit card company that recruited former Labour minister Chris Cardona in litany of money laundering breaches

Charges expected after Pilatus money-laundering probe

The bank’s operations were shut down in 2018

AG continues to make the case for The Bahamas’ removal from EU blacklist

The Bahamas’ inclusion on the EU’s blacklist was based upon its presence on the Financial Action Task Force’s (FATF) monitoring list.

Two Steps Forward, One Step Back: The Limits of New Standards on Assessing WMD Financing Risk

At its recently concluded October plenary, the FATF adopted language into its standards that now requires countries – as well as private sector actors – to understand and assess their PF risk, and tailor their counter efforts accordingly.

GFSC introduces ‘fast track’ pre-authorisation for insurance cells

Artex in Guernsey has already implemented a captive cell solution within 48 hours.

Securities Commission urges “extraordinary caution” on Forex trading

The Commission said those entities were not registered nor authorized to conduct financial services business in this jurisdiction.

Beneficial Ownership Transparency: a Spotlight on International Beneficial Ownership Registration

The recommendations made to the G20 reflect a growing trend at an international level to enhance transparency in beneficial ownership.

Republic of the Marshall Islands Update: Economic Substance Regulations 2018, As Amended

Key points and notification requirements of the Republic of the Marshall Islands Economic Substance Regulations 2018 amended Guidance.

Cayman Communication: The Grand Court of the Cayman Islands Approves Direct Court-to-Court Communications Protocol for the First Time In Re LATAM Finance Limited (and others)

In the context of cross-border insolvency and restructuring, the rules of private international law and conflict of laws have not been codified and cannot be discerned in a single set of statutory rules.

Luxembourg CSSF Communication on Temporary Permissions Regime

A short summary of the Commission de Surveillance du Secteur Financier's press release reminding Luxembourg based funds and firms of their options in the context of the UK's temporary permissions regime.

Procedural changes to company migrations into and out of Guernsey

The changes add further certainty to the migration process for clients and advisors.

Regulation, Risk & Compliance