Managers of Wealth Offshore

Six steps to fend off ‘failure to prevent’ tax evasion charges

A law firm outlines how financial advice firms can protect themselves from the criminal offence of failing to prevent tax evasion.

SEC Charges Owner of Alternative Investment Firm

The SEC’s complaint alleges that between 2014 and 2017, Brent Borland sold more than $21 million of promissory notes to dozens of investors

Banks given 15 days to share foreigners’ data with FBR under OECD obligations

FBR has already issued a list of 456 reporting financial institutions under common reporting standards for automatic exchange of information under the Organisation of Economic Cooperation and Development (OECD) convention.

Testing the Validity of Pre-Incorporation Contracts in The Bahamas - Higgs and Johnson

In a straightforward scenario, this is done by ascertaining which of the title holders first recorded his conveyance as, pursuant to section 10 of the Registration of Records Act, priority is determined by the order in which instruments are recorded.

Requirement to correct rules not just for the super-rich

“The new rules are certainly not just the concern of the super-rich or corporates,” said Hender

IMF Executive Board Concludes 2018 Article IV Consultation with The Bahamas

The government successfully placed an external bond for US$750 million in November 2017.

European data protection law to affect Cayman businesses

The GDPR applies to any organizations that either offer goods and services to EU citizens or who monitor their behavior, such as tracking an individual’s internet activity to generate a profile of personal preferences.

Cayman’s offshore rivals target crypto market

This will create a unique auditing framework to regulate blockchain investment operations, such as ICOs.

GDPR - priorities for Jersey and Guernsey funds and service providers

The GDPR builds on existing legislation and seeks to harmonise and enhance data protection and privacy laws across the EU.

Financial Crime Governance, Risk and Compliance – Smaller Firms in the Trust and Corporate Service Provider Sector

The Commission undertook a similar review of fund administrators in 2016 and wished to assess the differences and similarities in approach to governance, risk and compliance frameworks.

GFSC releases 2017 Annual Report

My association with Guernsey now extends to over 25 Years and over that period my experience has been mainly good

Zedra acquires Malta-based fiduciary firm

Quaestum is an independent fiduciary services firm employing a select team of industry professionals with a vast experience in different areas of consultancy and financial services.

Advising on overseas pensions involves know-how and ethics

To understand the changes announced by the DWP in March

EU To Implements GDR In The Bahamas

The first step towards determining compliance is to become knowledgeable about the new regulations.

The Bahamas – Clearly the Next Best Financial Services License

The FCA was once seen as the only jurisdiction where firms aspired to get a license though this has changed

BAHAMAS: 'No Intention' Of Making Owners Registry Public

Registered agents will also have access to the proposed Bahamas' Beneficial Ownership Registry, but only for purposes of updating or adding to the records - they cannot conduct searches.

Guernsey welcomes mutual recognition call in think tank report

The Institute of Economic Affairs has made the recommendation as part of a report on improving global financial services regulation and fostering economic growth and innovation after the UK leaves the European Union.

Transparency in the territories – public ownership registers in Cayman, Bermuda and the BVI

The amendment's long-term benefits are likely to centre on image and influence.

UK won’t impose its will on the Isle of Man

It means places like the Cayman Islands and British Virgin Islands will be required to introduce a register revealing the beneficial owners of assets held in the jurisdiction.

UK Caribbean territories ordered to open up about secretive companies

Overseas territories and crown dependencies have come under increasing pressure to reveal who is behind anonymously owned companies

Regulation, Risk & Compliance