Managers of Wealth Offshore

Islands announce plans to set up ownership registers

The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.

Cayman securities investment business - changes for excluded persons

Failure to complete and submit the forms by the 15 August 2019 deadline could result in deregistration of the excluded person.

CIMA cancels broker’s director licence following fraud charges

The Cayman Islands-based broker, together with California-based stock promoter Gannon Giguiere and three others, is accused of having participated in penny stock pump-and-dump schemes that purportedly netted the defendants $1.57 million in proceeds.

Official statement from the governments of Guernsey, Jersey and Isle of Man on beneficial ownership registers

The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.

Beneficial Ownership Update: Crown Dependencies

The Crown Dependencies (Jersey, Guernsey and the Isle of Man) have announced a joint policy commitment as to “ultimate beneficial ownership” information.

EU Says Dominica is Tax Compliant

In recent months, tax advisories such as EY and Smith & Williamson noted that Dominica's CBI Programme is not a risk to tax reporting either.

Crown Dependencies to improve beneficial ownership transparency

The European Union anti-money laundering rules say that a public beneficial ownership register is essential in the efforts to combat the misuse of shell companies to hide money.

How ‘Singapore-On-Thames’ Ignores A ‘Geneva-On-Johor’ Reality – Analysis

The Brexit movement ignores these facets of Singapore’s experience and focuses on the opacity of its financial system instead, privileging the flaw at the expense of the features.

UK dependencies to reveal company ownership amid tax haven crackdown

Jersey, Guernsey and the Isle of Man said in a joint statement they would bring forward legislation for public access to a central register within 12 months of an EU anti-money-laundering review which is due in January 2022.

Mauritius rule changes may hit offshore funds

In many cases, the board meetings happen in Mauritius, directors are in Mauritius but the control and management is actually not in Mauritius.

Bermuda seeks opportunities in Canada

Among the Canadian captives being formed in Bermuda could be the first to manage cannabis-related risks, with the drug having been legalised in Canada.

The First 100 Days and Teamwork by Joe Moynihan

This feedback gave me clear ideas on how Jersey Finance can improve engagement with our diverse membership base.

Using Jersey Structures for UK Real Estate Acquisitions

Accordingly, for certain tax exempt investors in the UK or elsewhere this may be a very attractive option and allow a traditional tried and tested method of UK real estate holding to continue.

Economic substance requirements for Guernsey companies

The questions in this Guide should be considered to determine whether the substance test applies to a company and whether that test will be met.

Climate finance chief to visit Guernsey

The network is now 25-strong, with Tokyo and Beijing joining last month.

Guernsey’s a pillar of strength in the offshore wealth management sector

Guernsey has over 100 regulated trust companies providing the breadth and depth of expertise in the island to hold its own and provide international clients with a one-stop shop for wealth management.

ED moves NCLT to stop liquidation of Winsome Diamonds

The ED wants the liquidation to be halted as it is in the midst of establishing the money trail that led to an alleged loan fraud of $1.26 billion (around Rs 8,800 crore) by the company in 2013.

BMA Fines Estera Services (Bermuda) Limited

The Regulations have been in effect since 2009

JFSC updates AML/CFT Handbook

The JFSC says updates to the AML/CFT Handbooks for the legal sector, the accountancy sector and for estate agents and high value dealers will follow shortly.

Guidance on Private Trust Companies

Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000

Regulation, Risk & Compliance