Managers of Wealth Offshore

Deutsche Bank pullout is 'Malta dimension of global issue' - minister

No connection with recent controversies

Guernsey regulator fines and bans directors for incompetence

Capital Solutions Limited failed to organise and control its internal affairs in a reasonable manner

Barbados Adhering to Global Financial Standards

The Barbados International Business Association and the Barbados Chamber of Commerce and Industry hosted the breakfast meeting at the Lloyd Erskine Sandiford Conference Centre.

CRS in Cayman - Ensuring Compliance

It is expected that CRS will be enforced in Cayman in a disciplined and systematic manner.

Regulator questions UK pension providers on use of offshore reinsurance

The concern lies in pension liabilities being transferred overseas

Island signs up to limit tax evasion by multinationals

Jersey became a BEPS associate and member of the BEPS inclusive framework at its inaugural meeting on 16 June 2016.

Finance firms will be named following complaints

Of the 110 complaints resolved, 62% were in favour of the complainants and 38% in favour of the financial services provider.

JFSC publishes 2016 Annual Report

The regulator also cites progress in its own internal change programme – restructuring the team, transitioning to risk-based and entity-based oversight and developing a new risk model.

BARBADOS: Back to Business

During the presentation of the Budget and the Budgetary policies Finance Minister Christopher Sinckler had spoken about the meeting, indicating that the matter has been resolved.

IoM and UAE regulators ‘in talks’ over life sector overhaul

This second consultation into the proposals ended on 11 May, but the watchdog has yet to release the final regulations, which will come into force once they are published in the state’s official gazette.

IoM considers changes to commission disclosure rule

The change is likely to be announced in response to industry feedback to the consultation on the latest draft, which ends 16 June 2017.

Global transparency

In recent years, significant changes in global finance regulations mean that every investor should re-examine their personal need for such offshore structures.

Declare offshore wealth? Russia tycoons would rather ship themselves off shore

No official data has been made public on how many people have given up Russian residency to escape the law

Moore Management achieves prestigious ISAE 3402 Type II accreditation

The ISAE Type II report was issued to Moore by PwC, confirming the establishment and operation of effectively designed internal controls to achieve specified control objectives.

IoD Jersey Chair calls for ‘stable and consistent policy’

It is vital that the States of Jersey uses the coming 12 months to strike the right balance of achieving more with less

Gov’t going cap in hand to local offshore banks

The Bill requires that any loan by an offshore bank to a local entity must be approved by the Financial Services Regulatory Commission (FSRC) and the Ministry of Finance & Corporate Governance.

New Isle of Man Enterprise Development Scheme deals completed

SPARK was appointed in March 2016 by the Isle of Man Government Department of Economic Development to run the Accelerator and Relocator elements of the £50 million Enterprise Development Scheme (EDS).

BMA extends ILAC application registration review

The BMA said that it will also continue to refine the insurance licensing process by providing “speed to market”

Isle of Man watchdog to review unregulated funds

He was responding to a question in the Isle of Man’s seat of government, the House of Keys, about the protection available for clients who invest in unauthorised schemes.

Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe

About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.

Regulation, Risk & Compliance