Managers of Wealth Offshore

OECD, SARS and National Treasury continue partnership to strengthen tax co-operation

The MoC is in place until December 2023.

Appleby advise on Santander banking transfer in Jersey and Isle of Man

The Jersey team consisted of Partners Wendy Benjamin, Michael Cushing, David Dorgan, Tim Hart, and Richard Sheldon, supported by Senior Associate Gemma Whale, Associate Dilly Wright and Paralegal Angharad Prescott.

Cayman Finance calls Dutch blacklisting of Cayman Islands ‘unusual’

The organization said in a press release it was important to note that the Cayman Islands does not have double taxation treaties and therefore did not pose the risk of aggressive tax avoidance.

Collas Crill assists in scheme migration

Collas Crill worked with the GFSC, Peregrine Guernsey and Bermudian counsel to ensure a smooth transition from Bermuda into Guernsey and simultaneous approval of the funds' regulated status with the GFSC.

Premier travels to United States and Europe to discuss new legislation

The delegation will outline the steps taken by the Cayman Islands to meet EU requirements

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

OECD reps appear to give thumbs up to Cayman

The Cayman government recently passed new legislation to meet the ever-changing international regulatory landscape to ensure that the jurisdiction avoids the European Union’s blacklist.

Jersey no longer a safe haven for dormant shell companies

Such front entities are floated by service providers in Jersey who do the paperwork to register the firm and hire locals willing to lend their names as directors.

Dolfin receives Maltese investment services licence upgrade

It allows us to operate to our full capacity, integrate into the trading community and build relationships with other members on the MSE.

Tax Evasion, Money Laundering and the CRA’s use of the ‘proceeds-of-crime’ method of collection – A Canadian Tax Lawyer Analysis

This tax planning, when done in the cleverest of ways, requires considerable time, effort and intellect.

ATO calls out 'reckless and false' legal privilege claims in tax avoidance cases

ATO officials told Parliament the agency is aware of particular tax advisers marketing aggressive tax planning arrangements

Britain’s offshore tax havens allowed to mint lookalike pound coins

Chancellor Philip Hammond reckons the two-metal, 12-sided £1 coin introduced two years ago will give British overseas territories an edge in the fight with forgers

Gov't. Says Dutch Blacklist "Unjustified"

Cayman’s government said it will continue its commitment to adhering to global standards.

Bahamas reforms financial sector

By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services industry and ensure that the country’s second economic pillar remains vibrant over the m

Revised Bermuda Solvency Capital Requirement rules now in force

Among the new changes, the BMA said the current duration-based approach for interest rate and liquidity risk will remain unchanged at this stage

EU and UK pile pressure on financial services industry

Under the proposed legislation, companies active in the relevant fields will pass the economic substance test

The Current Status of AEOI CRS in Hong Kong and the known developments in 2019 And 2020

The OECD has not provided final guidance regarding RBI schemes.

India to get info on account holders in Swiss banks from 2019: Govt

From 2019, India will receive on automatic basis, information in respect of financial accounts held by Indian residents in Switzerland.

Appleby considers JFSC codes of practice proposals

Open for responses until 7 January 2019

Jersey Finance draws up plans to open New York office

As the uplift in business flow from the US is expected to increase in the future, Jersey is well-placed to play a vital role for US investors as a gateway to Europe - working with this market could bring clear benefits for all.

Regulation, Risk & Compliance