Managers of Wealth Offshore

Channel Islands Funds Quarterly Legal And Regulatory Update

Fund assets serviced in Jersey are up 14.7% on last year, rising to US$346.5bn.

STM moves Gibraltar HQ to UK amid ‘exceptional circumstances’

Cross border financial services provider STM Group has confirmed it is moving its headquarters from Gibraltar to the UK this month.

Jersey’s claim for Uefa membership status still falling on deaf ears

The Channel Island want to become the 56th member and believe the Nations League is the perfect chance to get into the international game

Jersey banking law gets SEPA update

Jersey first became a member of the SEPA in 2015, when legislation was passed enabling payments in Euros to be made by Jersey banks direct to and from other member banks.

Offshore UK property owners to be listed by 2021

Over 75% of properties currently under investigation use offshore corporate secrecy

Update to banking regulations means fast and efficient cross-border payments will continue

Jersey first became a member of the SEPA in 2015, when legislation was passed

BMA warns against ICO risks

The ICOs are often global offerings which can be created and accepted anonymously.

STM agrees to Deloitte probe

STM Group has agreed to cooperate with the regulators and allow auditors Deloitte to probe its books.

Bermuda adopts Cape Town Convention

The Convention is an international legal framework (recognised in all Contracting States).

CIG to meet EU and OECD on ‘economic substance’ issue

European officials are beginning to indicate that the BOTs that escaped the black-list may end up on it anyway, as the EU could use them as leverage in the current tangled and tricky talks.

Brussels to blacklist UK tax-heaven dependencies

The Cayman Islands alone host 6% of the global banking assets.

Work permit changes take effect in IoM

The three that take effect today, had been reliant on the development of new IT systems, thus the delay, the government said in a statement.

JFSC launches annual business plan

JFSC Chairman Lord Eatwell commented: “The landscape of international financial regulation has changed immeasurably since the regulator was established in 1998."

Jersey Islanders warned about bitcoin death threat email

Access to Bitcoin and other untraceable crypto currencies is making such threats more common.

Adviser banned over unpaid Harlequin

A UK financial advice firm has been shut down for failing to pay an Ombudsman fine levied for advice given on a notorious defunct Caribbean hotel scheme.

Qatar Re gets green light for London operations

Our local presence allows us to further enhance our access and offering to our UK clients and brokers.

Updates to the Cayman Islands Beneficial Ownership Regime What

The amending legislation introduces certain key changes to the BOR.

Help is on hand for complex KIDs

During the first week of January, a leading UK investment platform has removed several hundred products from its website for non-compliance with the new regulations.

The UK's proposed new royalty withholding tax

The plan is that the new royalty withholding will apply from April 2019 where a non-UK resident entity making sales in the UK pays a royalty to a connected party in a low tax jurisdiction

Gibraltar launches blockchain regulatory first

The team expect to be very busy in the coming months, and are looking forward to working on some interesting and innovative ideas with applicants.

Regulation, Risk & Compliance