Managers of Wealth Offshore

Cayman Finance to host second annual New York event

The Breakfast Briefing is part of a week-long schedule of meetings with leading law and accounting firms, top financial institutions and US media.

Arch’s Farrell disappointed by 'regrettable' Tribunal ruling

The Arch Cru funds were predominantly invested in Guernsey cell companies listed on the Channel Islands Stock Exchange, for which AFP was also the investment manager.

Weavering Capital boss found guilty of forgery and fraud

Former head of rogue investment fund Magnus Peterson likely to spend years behind bars after firm lost investors £350m

UK pension liberalisation and how the changes affect expats

In his 2014 budget, the British Chancellor of the Exchequer announced the most significant pension liberalisation of the past century

Hong Kong still competitive despite Li Ka-shing’s departure for Cayman Islands

Billionaire Li Ka-shings’ decision to pitch his tent in the Cayman Islands because it is a more “convenient” place to set up his new firms has had the effect of stoking the question whether Hong Kong has lost its allure as an easy place

Helen Hatton to speak in Grand Bahama at International Business & Finance Summit

Complying with international standards can be a daunting challenge for a jurisdiction.

The great global lie

Offshore financial centers owe their prosperity to tax transparency, not tax evasion

China Tops the Debtors’ List to Taiwan: Central Bank

Taiwan’s Central Bank said on Jan. 12 that China remains the largest debtor to Taiwan

Scrutiny panel publishes Terms of Reference for review of Jersey International Finance Centre

The Corporate Services Scrutiny Panel at the States of Jersey has published the Terms of Reference for its Review into the planned Jersey International Finance Centre

Cayman Finance supports CIG’s beneficial ownership stance

Cayman’s system has been in place for years and already fulfills the FATF recommendations on how a country can comply with the global availability of information standard,” said Mr Scott.

1MDB denies misled auditors on Cayman funds

1MDB reiterated that it has already brought home over RM4 billion from the tax haven

Domestic banks reject EU finance fusion

The Brunetti committee was commissioned by the government in September 2013

Financial Institutions failing to register may face penalties

Maples law firm published a piece that stated, “Following the 1 January 2015 deadline, an entity that is an RFI (whether in the Cayman Islands or in the BVI) that has failed to register with the IRS is likely to have any future receipt of US sourced

Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again

Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.

Cayman Finance welcomes Cayman Islands Government stance on beneficial ownership

Cayman Finance CEO Mr. Jude Scott today welcomed the recent statement from the Cayman Islands Government regarding the beneficial ownership changes being insisted upon by the UK.

FATCA Ropes in Vatican Bank on Offshore Account Compliance

The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA

Cayman Islands: Government Issues Beneficial Ownership Report

The consultation was conducted by the Ministry of Financial Services and Commerce.

Global bank regulator proposes standardised minimum capital measure

However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.

Russia to ban offshore companies from winning state contracts

The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.

The Vatican Bank, Christmas Cheer, And FATCA

For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy

Regulation, Risk & Compliance