Managers of Wealth Offshore

The Rules On Economic Substance In The British Virgin Islands.

The changes to the Draft ES Code as reflected in the new Rules are mainly stylistic.

Equiom Announced as Master Trustee for DIFC Savings Scheme

The scheme is due to launch in January 2020 with Equiom as the Master Trustee and Zurich serving as the administrator for the scheme.

Central Register of Beneficial Ownership of Corporates-An-Update-Ireland

On 29 July 2019 the Central Register of Beneficial Ownership of Companies and Industrial & Provident Societies ("Central Register") opened for filings.

The Future Of Financial Services In The Turks And Caicos Islands

The afternoon breakout sessions will provide engaging and enlightening discussions around the industry.

Luxembourg Update: CSSF Mandatory Notifications October-2019

On 11 October 2019, the Commission de Surveillance du Secteur Financier issued a press release in relation to Brexit.

The Crown Dependency of Guernsey: Constitutional Insights

This is a substantive academic issue in its own right but the purpose of this note is to clarify the key facts and issues surrounding this topic.

MEP calls for stronger EU anti-money laundering efforts amid Deutsche Bank withdrawals

Deutsche Bank's cutting of ties with five eurozone countries is embarrassment for European Banking Union, Sven Giegold says

Irish Budget 2020 - A Roadmap for Irish and International Business

The annual Irish Budget provides a platform for the Irish Minister for Finance to announce tax changes and also to take stock of Ireland's economy and strategy for future growth.

Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore

Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.

Deutsche Bank pulls the plug on Malta

Deutsche Bank has come under intense regulatory scrutiny across the globe over its processing of dirty money, some of which came about as a result of its correspondent banking relationships.

GFSC proposes financial crime updates

A short memorandum and redlined draft of Chapter 17 of the Handbook outline the proposed changes.

The Non-Resident Landlords Scheme

If your clients have entities with UK property which is generating rental income, they should ensure that appropriate returns are filed and tax paid by 31 January 2020.

Bermuda Expands Licensing Regime to Include Digital Assets Derivatives

The DABA Amendment extends the scope of digital asset business activities that are captured under the Digital Assets Business Act, 2018

HSBC to close eight branches across Malta

The bank also announced "subject to MUBE agreement, a reduction in roles within the organisation on a voluntary basis".

Virgin Islands approves budget that doesn’t address pension gap

It was largely like the budget he proposed to the Senate in late May.

Considerations for terminating registration of your Cayman Islands entity before 2020 fees and filings are due

The strike off method is best suited to an entity that is inactive with no assets, liabilities or creditors.

Cayman Signals Willingness to Abandon Corporate Secrecy – But Not Yet

Pressure on tax havens to abandon corporate secrecy follows several large data leaks

Cayman Islands joins global money-laundering crackdown

Anti-corruption campaigner Global Witness said all other British Overseas Territories should take similar action.

Escrow Agreements in Merger and Acquisition transactions – here’s what you need to know

Escrow arrangements help to minimise the counterparty risk of non-completion or failure to deliver for each of the parties.

Midshore starts US operation

Midshore USA aims to replicate the service lines offered in Guernsey

Regulation, Risk & Compliance