Managers of Wealth Offshore

Guernsey prepares for new discrimination legislation

A Discrimination Legislation Stakeholder Group has been formed and met for the first time in February 2021.

Taking control: How to get on top of non-financial risks - PwC

From the growing focus on ESG to the heightened operational risks and cyber vulnerabilities for people working from home, 2020 has also highlighted the knock-on impact of one NFR to another.

Cayman team assists fourth ARYA SPAC with $130 million IPO

Ogier has acted as counsel for Perceptive Advisors' previous three SPACs

Short-form mergers – Changyou judgment confirms appraisal rights in the Cayman Islands

A typical 'long-form merger' must ordinarily be approved by a special majority of its members

FATF listing and the Cayman Islands

The Cayman Islands has taken definitive action in recent years to update its compliance regimes to surpass changing global standards

Collas Crill Advises Team on Successful Admissionn to the London Stock Exchange

8,523,334 shares were subscribed for in connection with the placing and TEAM intends to use the proceeds to fund its acquisition-driven strategy.

SILO Compliance and BDO Cayman Sign Strategic Joint Venture Agreement

The new joint venture will accelerate feature development of the industry-leading regulatory technology, SILO Compliance System, and aims to expand its market reach through BDO's sales channels and customers.

Imminent risk of personal fines for NEDs warned by Club NED

The fines have been getting bigger for organisations, and in Guernsey, an individual has faced fines too.

Conyers Advises Fix Price On Largest Ever BVI IPO

The IPO is the largest ever listing for a Russian retailer and the largest Russian IPO since 2014.

Additional clarification on the application of SFDR and Article 8 of the Taxonomy Regulation

Publication of a joint statement of the European Supervisory Authorities with respect to the application of SFDR

The Bahamas Removed from the French List of Non-Cooperative States and Territories in Tax Matters.

The French Government has imposed a number of sanctions on blacklisted countries, including applying withholding taxes at a higher rate on financial transactions involving blacklisted countries.

Regulator denies Jersey is “back door" after disgraced financier announces local venture

The head of Jersey’s financial watchdog has said that a disgraced fund manager’s attempts to start a new venture in Jersey have led to the impression that the island can be used as a “back door."

FIU uncovers $27B in suspicious transactions

In the reporting period between 2019-2020, the FIUTT adjusted its supervisory activities due to the challenges of COVID-19.

Country lists updates to the Handbook and Instruction

The amendments include the removal of the Cayman Islands from the list of equivalent jurisdictions

Jersey financial regulator attacks Neil Woodford’s relaunch plan

Channel island vows to uphold strong protections for fund investors

Anti-money laundering: Cayman is held to a higher standard

The move does not directly impact doing business with or through the Cayman Islands. But being placed on the FATF’s so-called grey list is a blow to Cayman’s reputation as a financial centre.

Anti-money laundering: Cayman is held to a higher standard

The move does not directly impact doing business with or through the Cayman Islands. But being placed on the FATF’s so-called grey list is a blow to Cayman’s reputation as a financial centre.

Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola

An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.

Missing the mark? Why the future of beneficial ownership rules hangs in the balance

The onus is not on the individual but on the government to make the case.

Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill

The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.

Regulation, Risk & Compliance