Managers of Wealth Offshore

Offshore rules fuel 100 new gov’t jobs

McLaughlin said that the new legislation was not the only thing that the government was doing to comply with the various supra-national bodies

Economist – ‘look to Jamaica central bank’s money policy’

Citing the most recent International Monetary Fund review under the Barbados Economic Recovery and Transformation programme, Dukharan said Government had met all its BERT targets.

Growth in Ogier's dedicated Compliance and Take on Team as specialists step up to senior roles

The Risk and Compliance team – which works across the Asian, Caribbean and European timezones – has also been restructured, with key members progressing to new, group-wide roles.

Appleby Returns as BSX Listing Sponsor

The BSX and Appleby have a long association, and have worked together in reaching new markets, such as Latin America and Asia. Also, in the past, they worked together on the development of the insurance-linked securities space.

Cyprus regulator and certified accountants join forces to fight money laundering

The MoU was signed by CySEC chairwoman Demetra Kalogerou and ICPAC chairman Demetris Vakis

Switzerland abolishes bearer shares

The abolishment of bearer shares is all encompassing, and from the 1st January 2020, no Swiss company will be able to issue bearer shares – even if they are able to do so currently.

European Commission Calls for Tougher Action on Money Laundering

One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering

Navigating Economic Substance

The requirement to show Economic Substance is primarily aimed at preventing what is called “base erosion and profit shifting”.

CYPRUS: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers

The Guidance is aimed at TCSP practitioners, countries and their competent authorities

OECD says Cayman tax regime not harmful

Tara Rivers was expected to present several amendments to the LA to ensure that Cayman meets the latest raft of international standards, while the OECD-led 131-country coalition has given Cayman the nod of approval.

Financial services bills dominate Legislative Assembly agenda

Despite the lengthy list of legislation, the sessions is expected to last only three days.

Trust Essentials - July 2019

This article sets out a brief overview of the new substance regime with a particular focus on its application to private wealth structures.

SOS Substance on Substance: Episode two

The update clarified that the commencement dates for entities’ first “financial period” remain unchanged

Update on the Isle of Man Personal Injury Discount Rate

Despite the 2017 change in England and Wales, no change was made to the discount rate in so far as it applied to Isle of Man cases.

Circle to Base International Operations From New Bermudan Entity

Circle was granted a ‘Class F’ license under the Bermudan Digital Assets Business Act of 2018 with the Circle describing itself as “the first major crypto finance company” to receive the permit.

Suspected Crypto Ponzi Scheme has no License in Malta, Regulator warns

“The MFSA wishes to alert the public, in Malta and abroad, that Emirate Coin Tech is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide any investment, crypto currency or other financial services which are r

Harmonizing international regulations in the digital economy

In preparation for this meeting, assistant attorney general Makan Delrahim met on June 5 with his G7 counterparts in Paris and drafted a common understanding of G7 competition authorities on competition and the digital economy to inform the discussion in

Regulation, Risk & Compliance