Managers of Wealth Offshore

Border control merger a ‘multi-year’ project

Though the new agency will be established on Jan. 1 under the leadership of the current Collector of Customs Charles Clifford

Approach to enhancing AML standards - Adam Farkas

These investigations take significant time for our AML, legal and management teams but we believe are worthwhile and we will continue to use this tool where needed.

CAYMAN ISLANDS: Government to introduce digital assets framework

The term regulatory sandbox typically describes a “safe space” in which businesses can test new products, services and business models without immediately being subjected to all regulations and licensing requirements.

Caribbean RoundUp

The IDB said the loan is funded from the Ordinary Capital and will be disbursed in a single tranche within a year.

Substance Requirements by SMP Partners

Whilst these are significant changes and will increase the level of documentation and reporting required, it is likely that most companies will either meet the substance requirements or will not be caught by the new rules.

Guernsey’s green focus – home and away

Earlier this year Guernsey was recognised by the think-tank Z/Yen as an emerging global player in green finance.

QROPS Transfer Charge Overhaul On The Way

Some exemptions apply to the transfer rule.

BVI Quarterly Incorporations Rise 20% Annually

These also represented the highest number of new incorporations in the BVI in a first quarter in three years.

Understanding EU anti-money laundering law

This article highlights key aspects of the EU’s fourth and successive directives, which are an important part of Europe’s response to financial crime.

KPMG named a global market leader in Organization Strategy Consulting

KPMG’s Connected Enterprise framework is noted as driving ‘end-to-end business transformation’.

OECD releases latest results on preferential regimes

These results indicate the extent of continuing work to end harmful tax practices, and ensures that in the future all preferential regimes require real substance.

HMRC clarifies Qrops repayment rules

The taxman published two consultations this week on the process it uses for the repayment of this charge on Qualifying Recognised Overseas Pension Schemes.

Corporate America flees zero-tax Caribbean havens after crackdown

American corporations have used tax havens for years to avoid higher levies where they actually earn the income.

Islands respond to Brexit developments

In addition, Jersey’s Minister for External Relations has welcomed the UK Prime Minister’s statement on the Withdrawal Agreement.

UAE, Singapore among eight exemptions in IoM disclosure change

Singapore and the UAE, alongside Argentina, South Africa, the EU and Qatar, Hong Kong and the UK are exempt by the Isle of Man from providing Key Information Documents (Kids) to clients that would fully disclose all fees and charges directly related to in

Regulation, Risk & Compliance