Managers of Wealth Offshore

Cayman Islands crypto regulations bill to promote fiscal transparency

New bill aims to bring crypto under the purview of Cayman Islands Monetary Authority

A guide to lending and secured finance in Jersey 2020

The absence of significant European M&A activity has continued to depress the leveraged finance market, although the outlook for 2020 is stronger with considerable private equity dry powder available.

BVI regulator comments on FATF statements regarding high (and higher) risk countries: compliance officers take note

The FATF is the global body that promotes measures for combating money laundering, terrorist financing, proliferation financing

British Virgin Islands: FATCA and CRS registration and reporting deadlines extended due to COVID-19

BVI FIs are encouraged to complete their registrations and filings via the BVI Financial Account Reporting System (BVIFARS) as soon as practicable

Jersey to take part in UN Smart Sustainability Programme

The Chief Minister has signed a commitment to support Digital Jersey joining the programme on behalf of the island

Bermuda at “the end of the beginning” with shelter in place set to be lifted on May 2

People may not gather in groups of more than ten people, and retail businesses and restaurants will only be permitted to open between the hours of 7am and 9pm, with only curbside service, or home delivery.

Bank closes Jersey branch after £475,000 fine

The company admitted the breaches and, in the judgment, the court said that if the regulations were not followed it would impact on the Island’s reputation as a finance centre.

New businesses have applied since lockdown says GFSC

Applications for new businesses have been received by the financial services regulator – despite the pandemic.

Tax Update: Singapore and Indonesia Sign Updated Double Tax Treaty

The new Article 13 is a noteworthy addition to the DTA.

Extraterritorial Reach of the UK to International Trusts

This register is not publicly accessible but, under limited circumstances, may be inspected by any law enforcement authority in the UK and EU members states.

Recognising Diversity - Joe Moynihan

This is an excellent initiative and one which the local IoD can be justifiably proud.

Plaid Cymru joins calls for government to block tax-dodging companies from coronavirus bailout support

It follows EU countres including Poland, France and Denmark proposing similar rules for its bailout funds.

Coronavirus challenges could prompt delays to money-laundering investigations

Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.

Economic Substance in the UAE - 2020 Update

The OECD then turned its attention to combatting Base Erosion and Profit Shifting (BEPS)

DAC6 – The EU’S Mandatory Disclosure Regime (MDR) and its Impact on the UAE

It provides for the mandatory disclosure by intermediaries, or individual or corporate taxpayers, to the tax authorities of certain cross-border arrangements and structures that could be used to avoid or evade tax and the mandatory automatic exchange of

Regulation, Risk & Compliance