Managers of Wealth Offshore

Midshore starts US operation

Midshore USA aims to replicate the service lines offered in Guernsey

Goodbye Active Optimus, Hello Aspida.

The shade of green was chosen to reflect growth, with the strapline of the brand clearly setting out the ethos of the relationship it strives to have with clients – ‘your partner in protecting and growing your business’.

The Crown Dependency of Jersey: 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.

Chambers Global Practice Guide 2019: Doing Business in Ireland Trends and Developments Chapter

Among other topics, the authors discussed how Ireland is well positioned as a location of choice for UK companies and new entrants seeking access to the EU post-Brexit.

New Sebi rules to hit Mauritius and Cayman Islands hard, says report

Financial centres like Mauritius, Cayman Islands and Cyprus are not FATF members. FATF is an inter-governmental policymaking body which was set up at the 1989 Paris summit of G7 due to increasing concerns over money laundering.

Procurement law under review

Prospect MLA Austin Harris took aim at the lengthy delay from the passage of the bill in 2016 and the completion of the regulations in 2018 to bring it into force.

The tangled web of drafting offshore wills

Added layers of complexity in dealing with multiple jurisdictions has coincided with South Africans increasingly externalising some of their assets.

KYC Laws in the Cayman Islands

Justice Kawaley found the Court had no statutory power to order Fortunate Drift to provide Canterbury with the KYC information it had requested following a change in the beneficial ownership of Fortunate Drift.

Intermeddling - Second bank fined for contravention of Probate Law

These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.

ESAs highlight money laundering and terrorist financing risks in the EU financial sector

The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions

Switzerland and the UAE removed from EU tax haven lists

Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October

Reasons for entrepreneurs to consider setting up an offshore business

Access to opportunities rather than tax efficiency is the guiding principle.

Grenada Strikes A Chord With South Africans Investing Offshore And Seeking Citizenship

Grenada’s CBI programme only requires a minimum investment of US$220 000

SKN Leads the Way in Global CBI Schemes

Two-island nation St. Kitts and Nevis introduced its CIP program in 1984.

Guernsey substance status “a huge advantage”

Ms Rowlands was recently involved in a redomiciliation of a fund from Delaware to Guernsey.

Does your firm have an effective relationship with the JFSC?

The JFSC's public statement on Sanne Fiduciary Services Ltd in 2019 evidences that it values cooperation.

QC Corner: James Ramsden QC

The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.

ECB’s top supervisor urges Malta to strictly monitor banks amid rising crypto industry

Malta has also faced criticism from the International Monetary Fund (IMF) and recently failed an international AML evaluation.

Guernsey investment funds ‘more competitively placed than others’

Other panellists at the event agreed that achieving substance has become an increasingly important issue in jurisdictional choice for general and limited partners and that Guernsey was now more strongly positioned in the market.

EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

EU blacklist to shrink to nine, including three U.S. territories

Regulation, Risk & Compliance