Managers of Wealth Offshore

GFSC announces two-year licence fee freeze

Those fees represent the Commission’s principal method of funding its operational costs including any capital expenditure.

Bank fine for breach of probate rules underlines importance of following procedure

These cases are rare, but they do underline the importance of obtaining the necessary legal authorisation before dealing with the assets of a deceased person.

HSBC to face calls to 'quit Malta' as MEPs threaten campaign against UK's biggest lender

Malta’s financial services authority, the MFSA, has been under pressure from Brussels in recent months after a European Banking Authority report found “general and systematic shortcomings” in how Malta applies money-laundering rules.

BVI hires $400,000 lawyer to avoid EU’s blacklist

With only three months remaining, Cabinet decided to waive the tendering process that was required to contract Furness, local media outlet BVI News reports.

Money laundering probe into Maldives president yet to start

The president has been dogged by graft allegations since he took office.

IMF Publishes Fiscal Transparency Evaluation for Malta

The report recognizes several key strengths of fiscal transparency practices in Malta.

Bahamas 'Stands Out' As Major Ifc

The minister said the Government is concentrating on legislating and managing the risks posed by FinTech (financial technology), while also harnessing its benefits, and legislating, regulating and defending against systemic cyber risk and cryptocurrency i

BVI companies risk being struck off

As from 1 October, non-compliant companies will no longer be able obtain a certificate of good standing from the registrar

Services to asset managers are now the biggest growth driver

On the regulatory side, things have changed as well over the past years.

GDPR and Singapore Companies

The GDPR will affect companies in Singapore in various way.

More regulation of Jersey residential leases on the way

The new law enables the Environment Minister and his officers greater legal powers to carry out inspections and to issue notices in respect of failing properties that could result in court action against landlords.

New trustee licensing requirements on the horizon

The act will fundamentally overhaul the existing financial services regulatory framework and create a new supervisory regime governing all financial institutions.

Guernsey connections explored in Hong Kong

Trident Trust launched the Guernsey element of its global fund administration business in 2004, after it received a request from its Hong Kong office to administer a Cayman fund structure.

Deputy: High-net-worth law vote ‘disappointing’

And the criteria for assessing such applications will be made clearer after Members approved another part of the proposal.

'One-Stop Shop' For Bahamians To Trade Globally

As a leader in progressive banking and as a committed partner to The Bahamas, Cornèr has seized the opportunity to offer international trading to Bahamians.

Premier: Cayman ‘will not be bullied’

The FCO claimed on Sunday that Cayman’s withdrawal from an agreement with the U.K., governing the exchange of beneficial ownership information, had made cooperation on serious organized crime more difficult.

Republic Financial Holdings seeking majority share in Cayman National

RFHL yesterday announced that "an implementation agreement" was executed last Friday between RBTTBL and Cayman National.

Minister Rivers to meet EU officials on tax blacklist

Cayman and the other jurisdictions aim to have legislation in place by the end of 2018 that will address the EU’s concerns.

UK frustrated by Cayman Islands silence on money laundering

The NCA leads the UK fight against money laundering and criminal money, which it estimates could be worth up to £1bn a day.

IRS Moves to Ease Pain of New Tax That Targets Offshore Profits

Rules for foreign tax credits won’t come for another 60 days

Regulation, Risk & Compliance