Managers of Wealth Offshore

Deadline approaches following amendments to Bermuda's funds regime

The amendments were adopted under the Economic Substance Act 2018

The Final Chapter? Winding Up The Z III Trust

In the latest instalment, all parties agreed that the Z III Trust should be wound up

EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions

Premier Burt and finance minister Curtis Dickinson explained to European tax officials the reasons for which there was a technical omission in its Economic Substance Regulations submission

Barbados drops visa requirements for these 8 African countries

The new implementation affects countries including Cameroon, Ethiopia, Liberia, Morocco, Senegal, Rwanda, Burkina Faso and Ghana from which Barbados receives a lot of visitors and has several ties.

Central Bank Partners With Industry On Finance Literacy

This event is bringing together all of the clearing banks to give Bahamian consumers as much support as possible in building and maintaining a strong financial future for themselves and their families,”

Barbados Scraps Visa Requirements for Several African, Asian and Gulf States

In addition, Barbados has an honorary consul present in Monaco and visa requirements have also been lifted for that nation.

Kenyans wire back Sh1trn in offshore bank accounts

Wealthy Kenyans have traditionally stashed wealth abroad to either escape the taxman’s scrutiny or to spread their risks by investing in the more politically and economically stable Western democracies.

Henfield: Bahamas welcomes legitimate investments from any country

The report was circulated on social media platforms and was the topic of discussion on many radio talks shows.

Update On Economic Substance Rules For Guernsey Fund Managers

Guernsey tax resident fund managers, who are licensed to carry on controlled investment business in relation to collective investment schemes under the Protection of Investors

How Latin American trade with UAE will be enabled by Panama

Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America

Lawyers Warned Not to Help Break Law in Wake of Tax Scandals

The OECD said the report “shone a spotlight” on lawyers’ role.

Antigua still optimistic about sale of Scotiabank to local investors

Last November, the Trinidad-based Republic Financial Holdings Limited (RFHL) announced that it was seeking to acquire Scotiabank operations in several Caribbean countries.

Guernsey Green Finance and UK Green Finance Initiative foster collaborative approach

Guernsey Finance is a sponsor of City Week 2019

International anti-money laundering experts review practices in Cyprus

Its report expected at the end of the year is of crucial importance for the image of Cyprus in relation to anti-money laundering practices applied both by the state and private firms associated with international transactions.

Dirty money bill has ‘too many loopholes’

The report, which supports the passing of a bill to implement a register of overseas interests, said the bill had a string of loopholes including limited powers to punish offenders.

More work to be done as Bermuda back on "grey list”

Bermuda continues to be a leader in insurance and other financial services and so that comes with a responsibility to be ahead of the curve in terms of regulation and best practice," said Bermuda finance minister Curtis Dickinson.

EU removes Bermuda from tax haven blacklist

They were given 12 months to comply with the new rules.

Lawyers Warned Not to Help Break Law in Wake of Tax Scandals

Panama Papers ‘shone a spotlight’ on lawyers’ role, OECD says

How to manage the succession of a BVI Co

A BVI Grant is needed even where the shares are held through a nomineeship

Bermuda Removed from EU ‘Blacklist’

Economic substance legislation is in force in all three Conyers jurisdictions

Regulation, Risk & Compliance