Managers of Wealth Offshore

OECD Global Forum rates Guernsey transparency

Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.

Funds and insurance collide in the development of single ILS structures

A panel debate at ILS Insight also heard about increasing investors demands for transparency.

OECD updates criteria for blacklisting non-transparent financial centres

In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.

Barbados working to implement CSME-related decisions

Prime Minister Mottley and officials also examined the Ensuing Work Programme for Barbados

London Court of International Arbitration's joint venture with Mauritian Government terminated

The LCIA-MIAC was designed to help the Mauritian Government establish Mauritius as an international arbitration hub for the African region with the LCIA’s support.

U.S. Censures UBS Over Its Anti-Money Laundering Systems

All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.

Guernsey submits 'hard Brexit' paper to UK

The GDPR maintains the need for robust protections to be in place when personal data is transferred outside the EU a

Finma finds Rothschild Bank in 'serious breach' of AML rules

FINMA will appoint an audit agent to review enhancements already put in place by the institutions.

The Compliance Complexity Index 2018 - TMF

At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.

Bank of Asia to host official BVI launch

The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.

CI ministers in Brussels for Brexit talks

The meetings, organised by the Channel Islands Brussels Office, gave the ministers an opportunity to discuss a range of issues, with a focus on Brexit and the ongoing EU Code of Conduct assessment process.

Overcoming the myth of the passport

The uncertainty created by Brexit is making UK asset managers in particular look at ways to future-proof their fund structures – and Guernsey offers an answer.

Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’

The Premier stated that, in response to “market demand,” the Bermuda government set out to develop a legal framework for distributed ledger technology (DLT) firms

TISE lands first ILS specialist as member

There are currently more than 2,600 securities in total on TISE’s Official List.

BVI activist group ponders UN intervention over public registers

As International Investment reported, the BVI and the Cayman Islands are both intending to counter Westminster’s planned changes to the legislation.

Central Bank Of Curaçao & Sint Maarten Sets Course For A ‘State Of The Art’ Central Bank Which Can Be Relied Upon

This new strategic plan is the end result of a participative process, where several stakeholders provided their input.

Old Mutual International under fire for allowing high-risk investments in offshore wrapper

It is understood some of the funds held within the wrapper have lost significant value, with the claims manager targeting Old Mutual International as the facilitator through the wrapper.

State Bank of Mauritius on spot for plotting to cover up Imperial Bank KSh 38 billion theft

In 2017, CBK had rejected the offer by SBM to help rescue Imperial Bank just after it was put under receivership.

Oxfam makes call for public beneficial registers in Jersey

OXFAM GB has waded into the controversy around public beneficial registers by calling on the British government to force Jersey to introduce them.

Have You Heard About ePrivacy? The GDPR’s Bigger Brother

The GDPR does not consider metadata or the privacy of communication about or between legal entities

Regulation, Risk & Compliance