Managers of Wealth Offshore

DAC6: what’s next for Luxembourg?

The EU had set a requirement for all Member States to have passed appropriate legislation to enforce DAC6 on or before 31 December 2019.

Exporting regulatory competence: the double dividend for IFCs by Mourant

Financial crises tend to be the stimulus for regulatory change, and since the crash of 2009, the pace of change in international regulation has been impressive.

Gibraltar risk and compliance professionals join with CISI to raise professional standards in global financial markets

The CISI is the global membership professional body encompassing financial services sectors including wealth management, financial planning and capital markets.

Bermuda: Creditors, Comity and Corporate Rescue

Bermuda Court Appoints Light-touch Provisional Liquidators to North Mining Shares Company Limited

Recent Change to Companies Act of Barbados

The commencement date of the Amendment is December 3, 2019.

CBI Thematic Review Of Cyber Security - Key Findings

The Central Bank of Ireland recently completed a thematic inspection on cybersecurity risk in the asset management sector and has now issued an industry letter outlining the key findings identified.

Appleby Mauritius Advises on the Issue of USD 400 Million Perpetual Subordinated Capital Securities

The Appleby team comprised of Group Managing Partner Malcolm Moller, and Manisha Lallah, Counsel.

Ireland – the Emerald answer for Dutch CLOs?

Whilst no new law has been passed, the rulings in place for these transactions have been changed (unilaterally) by the Dutch tax authorities, a move that has shaken the sector.

Has complacency been replaced by volatility?

Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.

Jersey Finance Supports Diversity and Inclusion

Nowadays it is vital that employees feel respected, appreciated and valued, regardless of their individual differences.

Ireland update: Central Bank Proposes Introduction of New Pre-Approval Controlled Functions

The CBI is accepting comments from stakeholders

SaSo Strategic Advisors moves to full service offering

To support the change in Registration, SaSo has hired Peter Smart as Head of Investments, to be responsible for a new dealing and managing investment function within SaSo.

Deutsche Bank cleared Cyprus funds for businessman Jho Low

Lender acted as correspondent bank for Malaysian facing allegations over 1MDB scandal

Blue Capital Re to delist from Bermuda and New York stock exchanges

After the effectiveness of the Form 25 filing, Blue Capital said it expects to file a Form 15 with the SEC,

Cayman: Update in Respect of Automatic Exchange of Information

The FATCA Amendment aligns FATCA requirements with CRS requirements

The Minister of Labour Issues Regulations of the Portable Retirement Gratuity Fund (PRGF)

The PRGF Regulations confirm the procedure to be followed in order to lodge claims under the PRGF

Cayman Captive Forum mulls expanded agenda as industry absorbs CICA cancellation

To this end, it has been considering adding new sessions to broaden the scope of the subjects it addresses.

Bermuda Tables Immigration Changes for Mixed Status Families

The Government of Bermuda tabled in the House today a Bill which would amend the Bermuda Immigration and Protection Act 1956 to address certain issues facing ‘mixed-status’ families

Bahamas announces travel ban

Effective immediately, any non-resident who has visited South Korea, Iran or Italy in the last 20 days will be denied entry into The Bahamas.

Pilatus banker’s defence: U.S. dollar payments were not meant to breach Iran sanctions

Ali Sadr Hasheminejad trial in New York: defence says prosecution witness who recieved $50,000 from Stratus did not breach sanctions

Regulation, Risk & Compliance