Managers of Wealth Offshore

Cayman National suffers Manx bank 'data hack'

The CNC spokesman said it was "confident" the hack was "contained within the Isle of Man operations only" and had not affected its businesses in other territories.

Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

African economies continue to rely heavily on taxes on goods and services, which accounted for 53.7% of total tax revenues across the 26 countries.

The Future Of Egaming In The Isle Man

Of course the eGaming sector in the Isle of Man has been in existence for more than 10 years, however, 2019 marked KPMG’s 10th eGaming summit in the Island.

Isle of Man regulator wants industry views on fees proposal

‘Nature of the increases means that small firms should not be disproportionately affected’

Cayman Islands Data Protection Law

Within the concept of Personal Data, there is a subset of sensitive personal data which qualifies for an additional level of protection under the DPL

Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million

Wyly wants to be known for building the arts-and-crafts chain Michael’s and several other companies, which first catapulted him onto Forbes’ list of the richest Americans in 2000, with a net worth of $750 million.

Hacktivists target Cayman National Bank in Isle of Man

The bank is now working with relevant regulators and law enforcement around the world

Private debt fund growth continues

The authorities are also facilitating in ways that promote and ease access to this type of financing

Jersey cited as best practice example on Beneficial Ownership

The use of Jersey examples demonstrates the significant success we have achieved in developing our approach towards beneficial ownership transparency

Cayman Economic Substance shifts towards implementation of new rules

The ES Law is by no means isolated, and many countries around the globe are seeking to incorporate and support international standards on global base erosion and profit shifting (BEPS) and corresponding EU substance requirements.

Appleby advises China Automation Group

The privatisation was approved at the meeting of independent shareholders on September 23, 2019 with the Scheme becoming effective on October 24, 2019.

OECD lays down roadmap for India to make bilateral taxation efficient

Indian tax administration would need to strengthen the teams overseeing MAP/APA cases by providing additional resources.

Debt restructuring ‘must be coupled with economic growth’

Senator Crystal Drakes made the call as the Upper Chamber debated the bill to approve the debt restructuring deal with the foreign holders of Government debt.

Minister blasts blacklisting agencies

The Organization for Economic Cooperation and Development has led the blacklisting of Barbados and other Caribbean jurisdictions over their tax regimes.

Dirty Money on the Big Screen: Why Media Portrayals of Money Laundering Matter

Greater media attention on money laundering can even drive changes in behaviours of everyone from the public to those tasked with tackling it.

Jersey cited in guide on best practice for Beneficial Ownership registers

The report acknowledges that countries find it challenging to achieve satisfactory levels of transparency on the beneficial ownership of companies.

The BVI International Tax Authority Has Issued The BVI's Economic Substance ‘Rules And Explanatory Notes' Supplementing The Economic Substance Act, 2018

The Act introduces compliance obligations and economic substance requirements for any legal entity that carries on a business that constitutes a "relevant activity".

Regulation, Risk & Compliance