Managers of Wealth Offshore

Bermuda delegation welcomed at RIMS

This is strengthened considerably by such a prominent government and regulator presence.

BMA COO hails 2017 progress

Lespere highlighted BMA’s numerous activities in 2017

HSBC Malta launches pension plan for its employees

The plan involves contributions from employees that are matched by the bank while ensuring that overall levels of contributions agreed between HSBC and MUBE are achieved

Guernsey Financial Services Commission signs MoU with Bank of England

The PRA is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, insurers and major investment firms, regulating some 1,700 financial firms.

Guernsey regulator fines locally-based trust firm for compliance failures

The company had also “significantly strengthened its compliance function…expanded its compliance team by over a third in number

Why India’s cryptocurrency exchanges may move to Singapore, Switzerland, or Malta

These “cryptocurrency-friendly” locations include Singapore, Switzerland, Estonia, Malta, Japan, Dubai, and the Cayman Islands.

Malta investment fund to buy Unicredit shares in Bank of Valletta

Two weeks ago, BOV announced that its second largest shareholder would be disposing of its total shareholding.

Bermuda Tables Initial Coin Offering (ICO) Legislation

A company wishing to launch an ICO can incorporate within the typical timeframe of 24 to 48 hours using Bermuda’s usual incorporation procedures.

Labuan IBFC Launches Gulf Roadshow Showcasing Unique Shariah-Compliant Solutions and Structures for Businesses and Families

As a key element in Malaysia’s offering in Islamic financial services, Labuan IBFC’s leadership in Islamic finance is entrenched, and as home to the world’s first Sukuk, the jurisdiction continues to innovate in the space of Islamic fina

UK committee to summon Overseas Territories

Mr Mann said he would be chairing a “Treasury sub-committee inquiry into avoidance and evasion, aiming to unpick the failures of policy and resourcing that have allowed the tax base to be undermined”.

Bahamas waits anxiously for news of EU ‘blacklist’ removal

The bloc’s finance ministers meet as part of the EU’s Economic and Financial Affairs Council, with whom the final decision rests.

Cayman Islands Beneficial Ownership Regime Update

The Amending Laws modify who must comply with the beneficial ownership regime and impose new filing obligations on out of scope companies.

The Financial Complexity Index 2018

Meeting the global challenge of local accounting and tax compliance

Pension schemes, funds licence extension

Occupational retirement schemes may be established for or by an employer/s or an association of employers whose principal purpose is the provision of retirement benefits to employees.

Irish central bank warns firms to brace for major Brexit disruption

He called on financial firms operating in Ireland to prepare for the plausible worst-case scenarios as the final outcome of talks remains so unclear.

Irish central bank warns firms to brace for major Brexit disruption

He called on financial firms operating in Ireland to prepare for the plausible worst-case scenarios as the final outcome of talks remains so unclear.

Brexit’s offshore secrets

Banks has declined to answer questions about the origin of the bailout funds, while a spokesman for STM said the company did not supply the money or have any direct connection with the rescue.

Mauritius freezes 58 bank accounts linked to Angola's sovereign wealth fund

The son of José Eduardo dos Santos, Angola’s former president, Jose Filomeno dos Santos was until recently the head of the national sovereign wealth fund.

Russia Considers Creation of 2 Tax Havens Over US Sanctions – Reports

A source told Vedomosti that the initiative had been talked about for some time, but the recent sanctions created a new momentum for the discussions.

HMRC accused of extending APN powers

The Revenue has launched a consultation into tackling vehicles designed to move funds offshore and out the reach of the UK tax authorities

Regulation, Risk & Compliance