Managers of Wealth Offshore

Brits retired in Malta must check their adviser is registered

Otherwise, under regulation changes, they won’t be able to keep receiving financial advice

Is the EU sending a message to Britain at Switzerland’s expense?

Switzerland blocks its listed stocks from being traded in the EU

BMA proposes additional filing requirements for listed insurers with alternative capital funding

The changes apply to all general business classes that are funded by alternative capital arrangements – capital provided by an alternative capital provider for the purposes of collateralising an insurer against contract of insurance losses.

Important Cayman Islands Securities Investment Business Law Changes

The Amendment Law substantially amends the requirements of the SIB Law for registration by certain former “excluded persons” and CIMA’s regulatory powers in respect of such persons

Corlett Bolton Agrees Business TRansfer with Crowe Trust

CBAS long serving staff Julie Ronan and Joanne Richardson will be joining Crowe Trust.

Scotiabank announces sale of Puerto Rico and US Virgin Islands operations

Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.

Expanding Into the U.S.: Should You Incorporate in Delaware?

Delaware’s popularity isn’t accidental.

Guernsey insurance supervision sets high standards

Guernsey is the leading captive insurance market in Europe, and is also engaged in reinsurance, insurance-linked securities and longevity risk transfers, as well as some specialist insurance.

RISA Bahamas to host international insolvency seminar

This will be the first event held by INSOL International in The Bahamas

Exclusive Jurisdiction Clauses – Are They Really Exclusive?

In 2016, it was discovered that large sums had been misappropriated through fraudulent actions under the control of one of the credit advisors in which it had invested (and which had purportedly been audited).

Collas Crill Secures Lease Agreement Between Premier Inn And Comprop

The project will also include an office building, restaurant and multi-storey car park, due to complete in December 2021.

Forced Heirship: Options in The Bahamas to Address Disposition Concerns

Specifically, the statutory provisions are intended to avoid the imposition of foreign laws and claims arising out of forced heirship and matrimonial proceedings pursuant to such laws.

Highlights of the Securities Industry (Amendment) Act, 2019

The SCB is now empowered to waive any automatic administrative penalty, in whole or in part, where it considers that it would not be contrary to the public interest to do so.

Drone Regulations in The Bahamas

An unregistered UAS brought into The Bahamas will be retained by the Bahamas Customs Department until registration is obtained.

Guernsey gains insurance regulation approval

The Commission also acknowledges the helpful recommendations contained within the report where, going forwards, Guernsey can further enhance its compliance with international standards.

Switzerland to Tighten its Anti-Money Laundering Rules

The proposed policy update follows the recommendations of the Financial Action Task Force, a global anti-money laundering watchdog.

The German Tax-Dodge Probe That’s Roiling Banks

The trades exploited an interpretation of the tax code that appeared, at the time, to let multiple people claim ownership of the same shares of stock and—crucially—the right to a refund of taxes withheld from dividends.

PNB fraud: Swiss authorities freeze bank accounts of Nirav Modi, sister Purvi

The ED, official sources said, made the request to the Swiss authorities sometime back and sent an official request under the criminal provisions of the Prevention of Money Laundering Act (PMLA).

MiFID II impact could be worse than expected, study finds

The impacts of MiFID II could be worse than previously expected according to new research.

Bermuda Government Proposes Legislative Amendment to Exempt Non-Tax Resident from Economic Substance Requirements

A non-resident entity means an entity which is resident for tax purposes in a jurisdiction outside Bermuda that is not in Annex 1 to the EU list of non-cooperative jurisdictions for tax purposes (the so-called 'black list').

Regulation, Risk & Compliance