Managers of Wealth Offshore

Cayman Islands: A Clean Bill Of Health - For Now

Anti-money laundering and anti-terrorist financing legislative regimes meet the highest international standards, and the Cayman Islands commitment to compliance is unwavering.

New anti-money laundering regulations come into force May 1

The applications of money-lending, real estate and precious metals businesses will be subject to simplified due diligence by the DCI Compliance and Enforcement Unit before the DCI board reviews them.

Cayman adds 16 new captive licenses in 2019

With regard to group captives, the Cayman Islands has over 120 vehicles in place totalling $3,013,772,649 in premiums from over 5,000 shareholder-insureds.

Luxembourg Securitisation market feels impact of ATAD 1 Interest Limitation Rule

In a nutshell, the rule means that securitisation vehicles (SVs) with a main source of income through capital gains, non-performing loans and so on, may not be able to achieve tax neutrality which is a standard for all such vehicles.

Switzerland set to sign Belt and Road MOU

In another major coup for China’s overseas engagement, Switzerland is set to be the latest country to sign up to the Belt and Road initiative. The move will likely take place during the state visit to China by President Ueli Maurer, who will be acco

Cayman Islands: Mergers & Acquisitions Guide 2019

The Cayman Islands does not have a prescriptive set of legal principles specifically relevant to "going private" and other acquisition transactions (unlike other jurisdictions such as, for example, Delaware).

Innovative Guernsey songs fund beats £100 million fundraising target

The placing was oversubscribed in record time and attracted approximately £141.5 million.

Tax information exchange updates

In addition, the department has published a revised version of the Automatic Exchange of Information Portal User Guide.

Anti-FATCA lawyer rejects Europe threat to US taxpayers

Sanctions unlikely, lobbyist says

JFSC sets standard for international finance centre regulation

The JFSC was awarded the top two ratings for the ten areas that were assessed.

Guernsey lifts suspension on two of Neil Woodford's unquoted stocks

A smaller listing of shares in early stage investor Ombu, held largely by Woodford and his previous employer Invesco, also had its dealing suspension lifted at the same time.

Economic substance – Draft BVI Code published

The ITA has announced that the final Code will be issued in early May following a brief education campaign

Cayman Islands AML/CFT new regime

It is mandatory for the financial service provider to appoint a MLRO and DMLRO.

Analysis: India-Hong Kong tax treaty is filled with anti-avoidance features

The India-Hong Kong treaty was subsequently ratified by the two countries in November 2018 and has become applicable in India from April 1, 2019

CIMA issues 16 new insurance company licences, total number drops

The Cayman Islands remains one of the world’s leading group captive jurisdictions with 120 group captives totalling more than $3 billion in premiums from over 5,000 shareholder-insureds.

KPMG’s Global Geopolitics Covered Top Risks

Political issues really are an extension of the wider themes and troubling issues impacting businesses here and around the world.

Australia establishes agreement with Taiwan on tax and finance transparency

Taiwan implemented 'Common Reporting Standards' in 2019, now recognized by Japan and Australia

Malta, Blockchain And The Prevention Of Money Laundering

Malta is not alone in facing the issues of how to deal with AML

Jersey Finance Developments in the Middle East

There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.

Owning up to clients' offshore assets

There are many years’ worth of data to plough through

Regulation, Risk & Compliance