Managers of Wealth Offshore

Cayman changes perception of offshore centres

Describing last week’s London summit as historic, the premier said Cayman fully supports the ambitions to combat criminality and come up with a new standard for global information exchange.

Cayman Islands premier's comments met with hostility at London summit

The premier admitted his comments were received with hostility at the session, which included many advocates for public registers, but it was an opportunity he could not miss.

The Great Migration

As a result, many of the herd are now wondering if there may be greener grass elsewhere.

Beneficial ownership: Government says US must sign first

Cayman’s participation in the summit was predicated on it joining an initiative for the automatic exchange of beneficial ownership data.

Hong Kong must work towards a ‘Panama Papers Ordinance’ to end automatic recognition of offshore firms

Companies should no longer be accepted as being from the British Virgin Islands without having a significant share of their revenue and assets actually produced there

New Crowdfunding Regime for the Isle of Man

The new legislation has been designed to bring more business to the Isle of Man and further establish us as a home for innovation and entrepreneurialism.’

Region's offshore financial sector under threat, says ECCB governor

The recent onset of additional international tax and anti-money laundering agreements like the US FATCA and the OECD Common Reporting Standard, is causing foreign investors to move their offshore business out of the region to more developed countries.

IMF warns St Kitts-Nevis to brace for potential drop in citizenship investment

A team from the IMF, led by Inci Otker, visited St Kitts and Nevis during April 20 to May 3 to conduct the 2016 Article IV Consultation.

MFSA Warns that Alpha Capital Markets is Unauthorised in Malta

The company has allegedly been misleading investors by pretending to be regulated.

Employment Minister outlines Pensions Law changes

Once complete, those Regulations will also be tabled in the Legislative Assembly for affirmative resolution.

Summit pushes action on discredited Cayman law

Confidential Relationships (Preservation) Law to be replaced

Beneficial ownership: the good, the bad, and the geeky

Discussions quietly began the over how Jersey might introduce a public register.

'Absolutely wrong' – Cayman Islands' response to its critics

Both the Cayman Islands and the BVI have agreed to sharing details of any business owners with tax authorities and law enforcement bodies to tackle tax evasion and money laundering.

Cayman Islands: Cayman Joins Beneficial Ownership Initiative

The Premier, the Hon. Alden McLaughlin, said Cayman's invitation to participating jurisdictions is one of a number of current, significant measures that it is taking to promote global tax compliance

Cameron will use anti-corruption summit to call on wealthy to admit sources of cash

Cameron is expected to announce the new transparency measures at Thursday’s summit

Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

With these new commitments, 101 jurisdictions around the world have committed to implement information sharing in accordance with the Common Reporting Standard developed by the OECD and G20 countries and endorsed by the Global Forum in 2014.

Regulation, Risk & Compliance