Managers of Wealth Offshore

Cayman Finance New York Briefing Reaffirms Cayman As Industry Leader

The jurisdiction's appropriate legislative and regulatory balance.

German, Swedish Banks Back Tougher Beneficial Owner Rules

Tougher beneficial ownership rules that make it easier to identify the true owners of companies would be helpful.

Gibraltar insurance regulator insists its standards as high as those in Ireland, after concerns raised

Central Bank staff are understood to have raised issues around the financial viability of some insurance providers

Italy: Concept of beneficial ownership clarified

The tax authorities determined that the beneficial owner of the income was the ultimate US parent of the group and denied the lower rate of withholding tax.

This is our best chance to scrap the toxic American tax law that makes pariahs out of US citizens

Global tax evasion is, of course, a major international problem that must be tackled head on

Bespoke Brexit deal for financial services challenging

The only solution that could potentially take into account all those issues and sensitivities would be a bespoke deal for financial services.

BVI continues to introduce positive regulatory developments

Last year the number of hedge fund launches globally fell by an estimated 40 per cent

Central Bank expresses concern over Gibraltar passporting its services to Ireland

The Financial Services Commission is believed to have taken up the invitation to explain its processes to the authority.

Collaboration with Local Intermediaries

The marketing and solicitation must be done by local licensed business operator within the scope of its license.

U.K. Rejects Parliamentary Watchdog’s Tax Advice on Northern Rock

In a November report on the sale of former Northern Rock assets, the committee said U.K. companies faced paying more tax in the sale.

EU Presidency releases plan to prevent multinational tax avoidance

Attention will also be focused on the improvement of EU dispute resolution mechanisms.

Bank Growth Focus ‘Not The Way To Go’

Then you will have the niche players that use their services to support their clients.

European Union: Restarting The Clock: Residency Solutions For Non-Doms

The government has stated that introducing the deeming rule in this way will allow those non-doms who are internationally mobile to continue to benefit from non-dom status

Directors’ Compliance Statements under the Companies Act 2014

The new requirement for directors’ compliance statements should be welcomed

Citizenship for sale controversy

The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.

Talks ongoing to amalgamate OECS indigenous banks

Antoine said there are ongoing amalgamation talks in some parts of the OECS.

RBS’s private bank hit with £5m Swiss fine

As Coutts did not report any suspicions to the Swiss authorities until 2015.

Barbados bonds in distress

Barbadian economist and financial analyst Professor Avinash Persaud issued that warning from London yesterday.

IoM life industry discloses extent of commission complexity

According to industry responses to a consultation paper.

Caribbean Association Of Banks Urges Compliance With FATCA

The CAB strongly encourages the remaining Caribbean countries to ensure that their IGAs are in force by their extended deadlines

Regulation, Risk & Compliance