Managers of Wealth Offshore

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

BMA revokes licence of broker Intrepidus after ‘serious’ breaches

Intrepidus provides insurance brokering, risk management, loss adjusting and independent insurance advising services to business owners and residents in Bermuda.

The New World of Cyber Risk Management and Why Caribbean IFCs Should Take Notice

The legislation includes requirements for the protection of Personably Identifiable Information (PII), as well reporting requirements in the event of a breach.

Bermuda Amends Banking Act to Favor Blockchain Startups

Burt said banks’ reluctance to serve the new types of companies cannot be allowed to impede the country’s efforts to support economic growth.

Changes in Cayman could impact hedge fund compliance

Approved jurisdictions include Canada, Hong Kong, Ireland, the United Kingdom and the United States.

Malta approves three blockchain bills at second reading

The MDIA Bill establishes the Malta Digital Innovation Authority (MDIA) and provides the necessary arrangements for the certification of technology and the registration of Technology Service Providers.

Sell out? Gov’t offering residency to rich investors

While answering questions from Opposition member Julian Fraser, Dr Smith said persons with independent means would include retirees with a net worth of $25 million or more.

Maldives government proposes local banks board member term reduction

Gemanafushi MP Jameel Usman proposed to reduce the board of directors term from four to three years.

Cyprus Securities and Exchange Commission regulatory priorities for the second half of 2018

CySEC’s principal objective for 2018 is to establish, monitor and sustain a healthy and stable environment for the securities industry. It has identified the following priority areas for the second half of the year:

How platforms can keep ahead of technology

With the restrictions on South Africans taking money offshore easing, the head of platform proposition and marketing sees platforms providing an important offering to locals looking to invest overseas.

International savings plans key to Jersey’s flexible future

The JPA is proposing that the current Tax Law is amended through the introduction of a new provision

Top Rbc Executive Says Bahamas' 'Mojo' Returns

RBC has added 18 jobs through the launch of its Client Advice Centre on New Providence, which was unveiled at its Carmichael Road branch last Wednesday.

Ottawa Implementing New Reporting Rules For Trust Funds

Trusts only have to reveal that they exist when they voluntarily file a tax return to the Canada Revenue Agency.

New Hong Kong Listing Regime for companies from emerging and innovative sectors

The above characteristics are neither exhaustive nor binding and the HKSE will take into account all relevant circumstances in accessing the applicant.

Virgin Islands government joins regional risk insurance pool

Montserrat also joined the facility on June 1, bringing the CCRIF’s jurisdictional pool up to 19 governments — 18 from around the Caribbean, as well as Nicaragua.

The Cayman Islands - A look at the key considerations around redomiciling

When the fund is re-domiciling into an EU member state, immediately the AIFMD or UCITS regimes are relevant.

Bermuda joins forces with islands to fight new register

The infrastructure has developed but they themselves are struggling to pay rent.

The 5th Anti-Money Laundering Directive and the art world

AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.

BAHAMAS: Digital currency to be introduced, says DPM

It is expected that these individuals maintain and share their certification information.

Regulation, Risk & Compliance