Managers of Wealth Offshore

The Cayman Islands: A jurisdiction of choice for family offices

Dart first considered the question of where to locate its own family office in the early 1990s in order to choose an offshore base of operations for Ken Dart and his family.

Cayman Islands: ‘Risky’ sectors given online compliance route

Given the challenges posed by the need for increased regulation and compliance of these sectors and the growth in interactions between the DCI an online system has been established to make things easier.

ESMA publishes a report on funds' resilience to future shocks

This report comes as a result of a coordinated supervisory exercise performed alongside national competent authorities (NCAs), following a recommendation issued by the European Systemic Risk Board (ESRB) in May.

CRS to be introduced locally to combat tax evasion

This is the Revenue Administration (Amendment) Act, which was approved by the Lower House on November 10 and passed in the Senate yesterday.

A Caribbean-Central America alliance for climate justice

Yet, the situation in Central America and neighbouring Colombia is catastrophic.

Post-COVID financial regulation - John Cassar White

The EBA has postponed its 2020 EU-wide stress testing of banks to 2021.

FCA communication to Luxembourg-based entities about the UK temporary permissions regime

In order to benefit from the TPR, such Luxembourg entities are invited to notify the FCA of their intention to do so. Notifications have to be submitted before 30 December 20201.

Revisiting the “old chestnut”

The inherent discretion to confirm the powers of controllers appointed under Section 24 of the Insurance Law

JAMAICA: Senate approves wider mutual exchange of tax information

The Bill seeks to amend the substantive legislation to implement the Convention on Mutual Administrative Assistance in Tax Matters to improve international tax compliance

US tax rules for a Delaware LLC

These non-US resident tax members are responsible for assessment on any net profits at 30% of their US-sourced income.

Study: Multinationals say the regulations proposed by the OECD may lead to an increase of their tax burden

Among the companies participating in the study, 31% said they have been actively engaged in the OECD’s project consultation.

Investor, Politics And Pandemics: How To choose The Right Fund Domicile - Why Jersey?

Technology has had a significant role to play in overcoming the challenges presented by COVID 19.

Economic substance matters for investors

“Quality of service providers and substance on the ground is one of the absolute major key factors, or should be, in domicile choice,” said Kate Storey.

Ireland Update: Winds of Change for Whistleblowing

The definition of relevant wrongdoings will be broadened to include breaches of financial services regulations

Managing and Resolving Shareholder Disputes in Jersey

A shareholder is able to force the board to call a meeting of the company by having one-tenth (or more) of the total voting shares.

Government will develop business plan with industry to launch world’s first state sponsored digital bank

It will also identify corresponding banking partners and potential risks and risk-mitigation strategies for the development of the digital bank, and advise on the design of its core technology.

Governance superstars lauded at ICSA: The Chartered Governance Institute’s Guernsey Branch Annual Dinner

The academic achievements of the Institute’s members and students were also celebrated at the Guernsey Branch Annual Dinner and Awards

Appleby Acted as Bermuda Counsel for Chaucer

Appleby’s specialist Insurance & Reinsurance team provides advice on the establishment, regulatory compliance and business operations of (re)insurance companies, as well as advising (re)insurance managers and brokers based in international juris

JTC to Enter FTSE 250 Index

Headquartered in Jersey, JTC listed on the Main Market of the LSE in March 2018

70 apply for Global Citizen scheme

As applications can include spouses and children, the total number of people included in current applications is 70.

Regulation, Risk & Compliance