Managers of Wealth Offshore

OECD releases fourth round of BEPS Action 14 peer review reports

A document addressing the implementation of best practices is also available for each jurisdiction that opted to have such best practices assessed.

Eric Watson used Caymans to 'disguise commercial reality', courts hear

The case hinges on a series of related-party loans and share transfers undertaken in 2002 as rich-lister Watson formally left New Zealand - a step intended to sever his taxable ties to the country of his birth - to reside in London.

From Roman stoics to UK case law – lessons on stress management

"From the point of view of employers, prevention is always better than cure – this session looks at case law about how the courts and tribunals deal with stress disputes, how potential claims arise, and what the statute book has to say.

The need for insolvency fail-safe in Cayman

This legislative position, affirmed by the Grand Court in the China Shanshui case, can be problematic.

Commissioner reports on data breaches

The ODPC continues to be engaged with the data controller on these cases.

Bermuda's Charities Amendment Act: Balancing AML/ATF standards and privacy

The public only has the right to inspect the register of charities in respect of public charities, together with such public charities’ statements of accounts and annual reports.

Gibraltar-headquartered Sovereign obtains new Hong Kong licences

Any person who carries on a trust or company service business in Hong Kong without a licence commits an offence.

Jersey opens tax consultation to appease EU and avoid blacklist

Crown dependency canvassing stakeholders on substance rules in bid to avoid being branded a tax haven

UK Brexit technical notices: Government of Jersey response

Whilst Jersey’s position differs from that of the UK, in that we have a limited relationship with the European Union as set out under Protocol 3 to the UK’s Treaty of Accession, there are certain areas where the Island will be impacted.

Financial institution to examine TCI’s borrowing

Lessons and recommendations from the evaluation will be used to improve the bank’s performance in targeted countries.

GFSC launches innovation network

It will also create a new framework for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches.

Jersey pushes back over proceeds of crime

Proposals will limit EU-backed anti-money laundering recommendations

Jersey launches consultation on tax residency claims

They published proposals are part of a consultation, which officials say would allow the island to meet the commitments made in 2017 to the EU Code of Conduct Group on Business Taxation.

Cyprus clamps down on shell companies

Tax residence benefits are only for businesses that have real substance, says central bank

JFSC launches online JPF application tool

The online application is ground-breaking for both the JFSC and Industry, and will transform the way in which applications are processed for new licences.

States of Guernsey seeks business views on Brexit

The findings of the research – commissioned by the Committee for Economic Development, with the Policy & Resources Committee – will be used by the States to inform work to plan for the UK's exit from the European Union.

What Is The Common Reporting Standard For Expats?

The information is passed to the customer’s home tax authority to check against filings to make sure the right of tax.

Move afoot in UK to force offshore firms to reveal owners of properties

The owners’ names will appear on a corporate registry, making it easier for law enforcement to seize assets linked to criminals or bought through “dirty money”.

Sanne Staff Achieve Strong Exam Result

This year marks SANNE’s 30th anniversary.

Jersey launches AML/CFT consultation

Implementation of the 2012 FATF Recommendations on Anti-Money Laundering and Countering the Financing of Terrorism – proposed revisions to Jersey’s AML/CFT legal framework

Regulation, Risk & Compliance