Managers of Wealth Offshore

Guernsey brings home host of IFC awards

The other win was for Cazenove Capital, which was confirmed as Crown Dependencies Investment Management Company of the Year.

Irish Finance Act 2019 - Enactment of the EU Mandatory Disclosure of Cross-border Arrangements Directive (DAC6)

DAC6 can apply to transactions where no tax advantage results and transactions which are driven by purely commercial as opposed to tax planning motives.

Luxembourg Update: CSSF's Brexit Transitional Period Advisory

In anticipation of the UK's withdrawal from the EU, the Commission de Surveillance du Secteur Financier provided an update in respect of the status of the transitional period foreseen by the Brexit laws and the mandatory notifications procedure imple

33 new licenses for Cayman Islands in 2019

The total value of premiums at the end of 2019 was over $18 billion, a rise of $2.6 billion from 2018, with assets, $68.9 billion in total assets—an increase of almost $10 billion over a two-year period.

Mindful Wealth Successfully Completes VCC Pilot Programme With MAS

After MAS launched VCC framework, it has been running a pilot programme for selected Permissible Fund Managers who wished to register a new investment fund as VCC or re-domicile a foreign corporate entity as a VCC.

‘No surprise visits’ to Pilatus bank

Reasonable suspicion of money laundering in Enemalta deal

Trust industry sees new prospects amid regulatory pressure

Speed of regulatory change a challenge but new opportunities in Asian markets

Amendments Passed In LA To Enhance Cayman's Financial Services Industry

These bills seek to provide clarification of what constitutes a beneficial owner and corporate service provider responsibilities in gathering, recording and filing such information with the Registrar of Companies.

‘Cyberattacks, biggest threat to African businesses’

It cited an African cybersecurity study by Demadiur Systems Limited, which revealed that banks, insurance companies and government institutions in Nigeria spent an estimated sum of $270.22m in 2018 to prevent cyberattacks.

EU citizens in Jersey facing four-month wait for settled status

Subject to criminality checks, they are either granted a Pre-Settled Status or Settled Status, depending on whether they have lived in Jersey for less or more than five years.

BVI to spend an additional $150,000 on economic substance legislation

Queen's Counsel Michael Furness was hired in October 2018 to draft this piece of legislation for the territory's financial services industry as it needed to meet EU requirements to avoid being put on a blacklist.

Eagle Re issues first mortgage ILNs with exchangeable note feature

The reinsurance covers Radian’s eligible mortgage insurance policies in January through September 2019, excluding single premium payment policies.

FPIs may skip Mauritius, Caymans

The development comes after the Securities and Exchange Board of India introduced new categorisation rules for FPIs in 2019.

Bermuda Is Planning a Comprehensive Crypto Ecosystem

Pitcher hopes to create a system that allows Bermudians to spend the digital currency they receive on government services and, in so doing, build a bridge to overseas economies.

Private Equity Fund Regulation In The BVI: Dawn Of A New Age Or Business As Usual?

We have a global network of experts on hand to advise clients who wish to alleviate the burden of understanding each offshore jurisdiction’s regulatory frameworks and requirements.

Netherlands delays beneficial ownership register

Under the original Bill, each corporate or other entity incorporated or founded in the Netherlands must obtain and register information on the persons who ultimately own or control them.

Highlights of economic substance guidelines

The aim of the guidelines is to assist in determining whether entities are within the scope of the requirements of the economic substance legislation and regulations

Registered persons under the Securities Investment Business Law

The Law applies to companies, limited liability companies, foreign companies, partnerships or limited liability partnerships incorporated or registered under the laws of the Cayman Islands

Rights to inspect: The 'Proper Purpose' Test

Following consideration of decided case law , the court dismissed the application on the basis that Houldsworth had failed to establish that the purpose to inspect the register of members was improper.

Ogier advises gaming operator on £490 million software developer takeover

The consideration for the transaction comprised of cash and new JPJ shares.

Regulation, Risk & Compliance