Managers of Wealth Offshore

UK approves Jersey beneficial ownership data sharing

Jersey, which has maintained a beneficial ownership register since 1989, was noted to apply 'stringent' ownership thresholds for entities it considered high risk.

Caribbean Business And Finance Report

It is followed by The Bahamas in second place, St. Kitts and Nevis in third, Antigua and Barbuda at fourth and Trinidad and Tobago in the fifth spot.

International exchange framework released for CRS-related mandatory disclosure rules

The announcement also covers updated XML schemas for the exchange of CRS, country-by-country (CbC) reporting and tax ruling information.

Channel Islands Funds Quarterly Update: Q2 2019

The Guidance Notes are intended to be a work in progress and will develop through further discussions with the OECD and the EU Code of Conduct Group.

The list goes on – why Guernsey bridges gap between funds and stock exchanges

Guernsey will not be directly affected by Brexit because it is not part of the European Union and never has been; therefore, if the structure works now, it will almost certainly work after Brexit.

The European Crowdfunding Service Providers For Business Regulation

To this end, in March 2018, the European Commission presented a proposal for a regulation on CSPs propounding the notion of an EU passport for CSPs and crowdfunding platforms offering their services across the EU.

Consumer protection tribunal cases will be confidential, says gov’t

The matter of whether the tribunal would publicise cases came up after a businesswoman raised concerns that publishing case information could have a negative impact on businesses.

Jersey signs Commonwealth partnership

A not-for-profit membership organisation, it has a mandate from Commonwealth heads of government to promote intra-Commonwealth trade, investment and the role of the private sector across the 53 member countries.

Guernsey focusing on family offices

The Policy Framework, therefore, rightly recognises that the island’s experience of providing more than 50 years of sophisticated and discrete services of unrivalled breadth and depth across fiduciary, funds and wealth management lends itself to pro

Offshore assets: FBR expands scope of DG ITO’s powers

The Directorate General of International Operations has already become fully operational for the imposition and recovery of taxes from undisclosed offshore assets and income held by Pakistanis abroad and to interact directly with foreign tax jurisdictions

Luxembourg Register Of Beneficial Owners - D-2 Months !

Luxembourg existing entities now have until 1 September 2019 (at the latest!) to compile their Internal File on BOs and to register the relevant information with the RBE.

HSBC Expat league table highlights Channel Islands benefits

The island also rated well for families – 59% of people said it was easier for their children to make friends and 55% believed their children had become more adaptable to change from the experience.

UAE Introduces Mandatory Country By Country Reporting Article by Grant Thornton

In 2018, Organization of Economic Development ('OECD'), announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework ('BEPS IF').

VIDEO: Bahamas set for new investment fund options

He also talks about forthcoming proposals that he believes will further boost the use investment funds in the region.

Ed receives regulatory approval and begins operations in Bermuda

Opening in Bermuda underpins Ed’s commitment to existing and potential clients, particularly in the US, Canada, and the Caribbean, and will form an important component of parent BGC Insurance Group’s global insurance services offering.

Satabank fined a record €3 million over money laundering breaches

Satabank continues to operate under close supervision

Transformation of the way in which investment managers and advisors are regulated in the Cayman Islands

The changes further demonstrate the Cayman Islands Government’s commitment to having a regulated securities investment

St Kitts and Nevis Exceeds Economic Target 12 Years Earlier Than Expected

This makes the country the first ECCU state to reach its target and continue to surpass it steadily.

UK central to Cayman’s success, says premier

There are several ongoing challenges in Cayman’s relationship with the UK, namely the imposition of public beneficial ownership registries before it becomes a global standard

BVI Companies – A Flexible Vehicle For Succession Planning

The inherent flexibility of BVI business companies as corporate vehicles together with some carefully thought out provisions in the company's M&A can ensure the smooth transition of the company's management and control following the death of

Regulation, Risk & Compliance