Managers of Wealth Offshore

Half of managers would split global and EU distribution to improve service

More than half of managers say that they consider service levels to be extremely important and may influence a change of jurisdiction.

Cayman Islands: Amendments To NPO Law Take Effect, LLPs To Feature BO Enhancements

Meanwhile, the amendment to the NPO regulations reduces fees for filing changes.

Cayman Islands: Insolvency 2019

Full data is not yet available for 2018, but so far, no distinct trends are discernible in terms of specific industry sectors or economic cycles.

Caymans' AML requirements still a bit up in the air

The legislation was introduced by the Cayman Islands Monetary Authority (CIMA) in 2018 as a result of the Financial Action Task Force (FATF)'s recommendations and the global clampdown on ineffective anti-money laundering processes across the world, h

Don't delay! – Jersey's Royal Court rules that time is a factor in granting trust mistake discretion

Lincoln also advised that the trust deed should not contain the list of real beneficiaries and that an elderly relative who had emigrated from the United Kingdom many years previously should contribute the initial nominal trust fund.

Swiss Trust Law: Federal Council to Draw Up Law on Swiss Trust

The Swiss attempt to codify the Trust law is a continued effort to not only maintain but to increase the attractiveness of Switzerland as a primary financial location for trust companies and for their clients.

Panama Papers: What Are They and What Do They Say About Offshoring?

The Panama Papers changed the world. Here's how.

New digital asset exchange gets provisional licence on Bermuda

The company pointed out that Bermuda is widely considered a world-leading offshore regulatory jurisdiction and is home to one of the largest reinsurance markets in the world.

A solution to an unusual predicament

The first of these conditions is that the laws of the jurisdiction outside the Virgin Islands permit the continuation and the company has complied with those laws.

Gibraltar chief says UK must revoke Article 50 to 'take back control'

If MPs do not support the withdrawal agreement then parliament has already said no deal should be taken off the table.

UK to encourage Crown Dependencies to introduce public registers voluntarily

"The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.

Spain and UK sign tax agreement on Gibraltar

The new agreement should help potentially affected taxpayers, such as cross-border workers and businesses with interests in both territories, structure their affairs and regularize their positions going forward.

Activities requiring Data Protection Impact Assessment under Luxembourg law

The list put forward by the CNPD does not consist of a comprehensive list of processing operations outside of which a DPIA would not be necessary

Global banks shrink capital shortfalls under Basel rules

After heavy industry lobbying, those rules were reworked in January

Major risks found in Cayman’s finance sector

It also found that Cayman authorities have failed to prosecute any serious money laundering cases

New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively

To assist policy makers in assessing different implementation options, the toolkit contains policy considerations that Global Forum members can use in implementing the legal and supervisory frameworks to identify, collect and maintain the necessary benef

Offshore tax evasion clampdown produces 5.67m financial records

The crackdown on tax avoidance and evasion by individuals with offshore financial interests has resulted in over three million reports from overseas tax authorities to HMRC about UK residents holding funds offshore as a result of data generated through th

Regulation, Risk & Compliance