Managers of Wealth Offshore

Trade talks begin on economic partnership agreement with the UK

The agreement contains the same tariff and services commitments that were negotiated initially in the CARIFORUM-EU Agreement to which The Bahamas and UK were parties.

Bermuda Amends Trust Law to Strengthen “Firewall” Provisions and Restores Settlors’ Freedom of Disposition with Regard to Illegitimate Children

This amendment will reintroduce flexibility and restore the freedom of disposition to the settlor of a Bermuda trust in line with other offshore trust jurisdictions.

Collas Crill Explains… Taking Security Over Guernsey Contract Rights

This guide looks at the key things you need to know about taking security over Guernsey contract rights.

Picking up where LIU Left off: The New FATF President's Plans

The FATF is the US-dominated inter-governmental club that sets international standards which aim to prevent global money laundering and terrorist financing and the devastation that they wreak on society.

Luxembourg Parliament Approves Extended Deadlines for DAC6, FATCA & CRS

On 22 July 2020, the Luxembourg Parliament voted to approve reporting extensions for DAC6, FATCA and CRS in light of COVID-19.

Cayman Islands' probate practice for non-Cayman domiciliaries

The registered office provider is not authorised to update the register of members or limited partnership interests without a Cayman grant.

Who really owns Scotland?

Scotland has the most inequitable land ownership of anywhere in the developed world. But attempts to change it look promising

€130 million in black money regularised so far in 2020

In the case of funds that are no longer subject to Belgian income tax, because of the time elapsed since they were received, regularisation involves paying a fine of 40% of the value of the capital concerned – up from 39% last year.

Reducing the Risks of Dismissal during Probation

The CFO brought a wrongful dismissal claim before the High Court alleging that the decision to terminate his employment

Carey Olsen advises Willis Pension Scheme trustees on £1 billion longevity risk transfer

The longevity risk has been transferred to the reinsurer via a Guernsey-based captive insurance company fully owned by the trustee of the Scheme, established under Willis Towers Watson Guernsey ICC Limited.

Bank of Mauritius joins the Network of Central Banks and Supervisors for Greening the Financial System

Reflecting on this new membership, Governor Harvesh Seegolam stated: “In line with the United Nations Sustainable Development Goals and the Paris agreement, the Bank of Mauritius is committed to further integrating the climate agenda into its bankin

Flexible Working, Home Working and the 'New Normal'

Those who have started to return to their workplaces may be doing so on rotation or on staggered shifts

Facilitation of Cross Border Restructuring - Appleby Global

The severe economic ramifications of Covid-19 are being, and will be, felt across all areas of industry and society for some time to come.

Trust Registration Service and Fifth Money Laundering Directive… are we nearly there?

Many commentators sought further reassurances regarding access to information held on the TRS.

Benefits and certainty of Guernsey’s UK and EU access underlined as Brexit talks miss deadline

The island was one of the first jurisdictions to be approved by the European Securities and Markets Authority (ESMA) to provide third-country passporting without conditions.

Guernsey Approves New Discrimination Legislation– But The Battle Continues…

There was much celebration accompanying the approval by the States of Guernsey to introduce discrimination legislation, but as anyone who has followed this subject over the last few years will know, there remains much work to be done.

Four questions to ask when choosing an AMLCO/MLRO for your Cayman entity

When selecting the right fit for your entity there are some basic, but often overlooked, things you should consider.

GFSC sanctions show importance of a healthy corporate culture

She said the stakes have never been higher when it comes to maintaining a healthy corporate culture.

Malta looks to launch new corporate services provider framework

While no legislation has been enforced with regards to the updated framework, the MFSA has already laid out some of the changes that it wishes to implement.

UK Corporate Insolvency and Governance Act: Key changes for corporate trustees

Director - Transaction Management at Ocorian, Abigail Holladay and Charlotte Drake and Jayesh Patel of Stephenson Harwood LLP highlight the key implications of the Corporate Insolvency and Governance Act 2020 for corporate trustees.

Regulation, Risk & Compliance