Managers of Wealth Offshore

CFC Rules in Europe

These rules aim to disincentivize businesses from moving their income to low-tax jurisdictions, as it can still be subject to domestic tax, and thus protect the domestic tax base.

ABIR forms data privacy taskforce

ADAPT will support the mission and goals of the Privacy Commissioner and ensure efficient communication between him and key stakeholder groups.

Column: Creating A National Investment Fund

They also craft and implement strategies for realizing value for their Government’s ownership stake in companies in an orderly, and active way over time.

ODPA publishes annual report

The Chair of the Data Protection Authority, Richard Thomas CBE, said data protection "is actually people protection", and lies at the heart of everything.

Covid's Open/Close Cycle Just 'Too Taxing'

Mr Saunders spoke out after the Government permitted banks, insurance companies and the latter's agents and brokers to open from 8am to 5pm as necessary with effect from yesterday to help Bahamians ready for a possible storm.

Updates to the Cayman Islands Beneficial Ownership Regime

Prior to the Amendments, it was the statutory duty of a Company, if required to maintain a beneficial ownership register, to issue a restrictions notice to its own shareholders or members as a means of compelling them to provide information to enable the

Anguilla regulator launches Innovation Office

Establishment of an Innovation Office follows on from the AFSC’S work with stakeholders in the development of the legislation and the regulatory framework for utility token offerings and utility token exchanges.

Registrar told to stop collecting unlawful data

The Registrar was using a blunt instrument to collect data on all company shareholders rather than the lancet the law requires,” said Hermiston in a release about the order.

Inside the corruption allegations plaguing Malta

— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

ILS Capital Management completes the first ever securitisation of trapped capital

According to ILS Capital there is around $15 billion of trapped capital, globally.

Central Bank warns banks against using unemployment benefits to repay loans

The regulator added that it has requested that commercial banks and credit unions maintain adequate systems to preserve COVID19 income replacement proceeds for their intended social safety net use.

Collas Crill Explains ... Migrating a Company to Guernsey

The foreign company must take any steps necessary for it to migrate to Guernsey under the laws of its original jurisdiction.

Limited partnerships – a new statutory migration regime for Guernsey

The Regulations make it clear that migration does not create a new legal entity. Rather, the foreign law limited partnership 'continues' in Guernsey as a Guernsey law limited partnership.

Private Funds Transitional Registration Period Closed

Despite the many challenges faced, CIMA looks forward to working with all industry stakeholders, the Cayman Islands Government and other competent authorities to ensure that the jurisdiction remains a top domicile for funds services.

How to support corporate clients in light of an unforeseeable future

At this point in time it’s impossible to estimate how many businesses will be affected and what that will mean in terms of destroyed business value and assets.

PraxisIFM and Oak to form new financial services group

Oak, a specialist in private client, corporate and fund administration has 20 years’ experience and grown rapidly across six jurisdictions with 200 employees worldwide.

Dpm Rejects Bahamas 'Debt Crisis' Description

If accurate, such projections imply that more than $1 out of every $5 earned by the Government in revenue will be used to meet foreign currency debt payments, thereby sucking increasing sums away from critical public services such as healthcare, social se

Regulation, Risk & Compliance