Managers of Wealth Offshore

European Investment Fund able to invest into Guernsey again

The move will be welcomed by the Guernsey funds industry.

BVI’s place in the corporate/M&A landscape of SE Asia

A significant increase on new incorporation numbers for the first three quarters of the two previous years.

EU demands members ‘phase out’ golden visas

The schemes jeopardise and pose security risks to the bloc, European Commission says EmailFacebookTwitterLinkedInPrint

Central Bank denies “disrupting” activities of Atlantic International

Atlantic International continues to fight a civil matter in the United States related to the Sanctuary Belize real estate scam busted by the U.S. Federal Trade Commission, in which it denies wrongdoing.

Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls

The accreditations are objective proof of our strong control environment.

Hong Kong removed from EU watchlist on tax cooperation

The EU list of noncooperative jurisdictions was initially released in December 2017 as part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation within the EU and globally.

‘Uneven’ Financial Access Is Hidden In The Bahamas

“On a per capita basis, The Bahamas has the third highest GDP in the Western Hemisphere.

CARICOM says EU blacklist of some member states is an “infringement of sovereign rights”

The EU also placed seven other CARICOM member states on a monitoring list as the governments committed to undertake reforms by December 2019.

£125m paid out to Harlequin resort investors

The companies dealt with the marketing, sale and construction of resorts on the Caribbean islands of St Vincent and Grenadines, St Lucia, Barbados, and the Cayman Islands.

European Parliament report accuses seven countries, including Cyprus, of acting as tax havens

Lawmakers said EU states should “phase out” as soon as possible all existing schemes to market citizenship and residency permits to wealthy foreigners. Currently 20 of the 28 EU states run these programmes.

Bermuda sending team to Europe to discuss removal from EU blacklist

The EU released its updated blacklist, which is part of its strategy to clamp down on tax evasion and avoidance, earlier this month, featuring a number of new additions including Bermuda.

Bahamas $750m Bond Missed Global Standard

The standard also includes a simpler, more efficient voting mechanism for creditors to vote their acceptance or rejection, meaning CACs are designed as a tool to make debt restructurings easier for all countries.

Malta faces ‘tax haven’ vote in EP today

‘Serious doubts’ on 17 Black probes

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.

Regulation, Risk & Compliance