Managers of Wealth Offshore

The United Kingdom's measures to combat money laundering and terrorist financing

The UK is the largest financial services provider in the world.

States passes new laws in readiness for Brexit

It also ensures that those substance requirements can be monitored and enforced.

The Cayman Islands: An Extender of Value to the UK

Cayman Finance submission to the UK Parliament’s Foreign Affairs Committee ‘Future of the UK Overseas Territories Inquiry’

CIBC FirstCaribbean Takes The Lead On Key Development Discussions At Major Conference

Financial institution discusses trends related to monetary and climate resilient infrastructure.

Government proposes substance tests for offshore businesses

The new legislation comes in response to the threat of a blacklisting by the European Union as part of the EU’s process of assessing whether countries are deemed cooperative or uncooperative in tax matters.

Barbados: IBC and ISRL regimes to be abolished and no new licenses to be granted

The amendments to Barbados’ preferential tax regimes are part of the government’s continued response to action 5 of the OECD BEPS project.

Appointment of AML Officers to Cayman Islands Investment Entities - Update - December 2018

It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.

BAHAMAS: Parliamentarians pass compendium of bills

Passage brings The Bahamas in full compliance with EU tax standards

Comparative legal guide to Cayman Islands: Fintech

A foreign registered company and/or ordinary non-resident company doing business within the Cayman Islands will need to be licensed under the LCCL and the TBL

Jersey government approves int'l savings plans for overseas employees

The ISPs are designed to be tailored to meet the needs of employer and employee, enabling a payout to employees when their employment ends

ACCA signs major three-year deal with international firm Vistra

Vistra provides solutions ranging from company formations to trust fiduciary, private client services, fund administration and corporate services in the areas of finance, law and accounting.

Guernsey financial services policy framework offers positioning, principles and priorities

The new framework to develop financial services in Guernsey will give clear positioning, principles and priorities for the island’s promotional agency, Guernsey Finance.

Economic development and Guernsey Finance publish finance sector policy framework

The Policy Framework sets out an approach to create leadership for Guernsey’s finance sector built on a range of global specialisms.

Victims to hit out at Malta’s ‘shameful’ financial services

Ominous countdown to send emails to millions of investors warning them to avoid the Mediterranean island

Derivative actions in the name of Bermudian companies: when is judicial leave required?

One question to which the new provision gives rise is whether it applies to any proceedings in the name of a Bermudian company, wherever commenced.

Six percent of Cayman Islands protected under conservation law

Booby Pond on Little Cayman, the Crown-owned land at Barkers, and large swathes of land in the Central Mangrove Wetlands are among the areas preserved for future use so far.

Duff & Phelps highlights regulatory rethink

In the UK, total penalty figures rose markedly to £866m in 2017 from £71m in 2016, though this can be explained in part by two large penalties issued separately by the Serious Fraud Office and Financial Conduct Authority totalling £673.3

New money laundering decree for free trade zones in Uruguay

The new regulation states that that operators, direct and indirect users of the free zones are obliged to report any unusual or suspicious activities, whether or not they carried out.

BERMUDA: Island faces ‘substance’ challenge

The Bermuda Government has committed to enacting new laws by the end of this year to keep Bermuda off the European Union’s list of noncooperative jurisdictions.

German criminal probe zeroes in on tiny unit sold by Deutsche Bank

Business being investigated was barely profitable and put up for sale in 2016

Regulation, Risk & Compliance