Managers of Wealth Offshore

Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms

The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.

Italy places Cayman on ‘whitelist’

The Cayman Islands continue to make positive strides as a reputable international financial centre as it co-operatively develops legislation for the AIFMD compliant regime to market into Europe beyond the national private placement regimes.

Limited role for Dutch Central Bank on islands

The prudential supervision is limited to the good governance, integrity and management at these branches in the Caribbean Netherlands.

CISE updates listing rules for investment business

The other main change in the listing rules includes the adoption of a principles and guidance based approach

BAHAMAS: Bob Non-Compliant With 80% Of Regulatory Ratios

The former figure is also well below the 9.6 per cent minimum set by the Central Bank.

Ireland as a Base for High Net Worth Individuals - Maples & Calder

It is also the world's leading jurisdiction for aircraft finance and leasing.

European Commission recognises quality of Jersey’s auditor oversight regime

The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.

Barbados budget penalises banks, but encourages compliance

As part of this plan, several tax measures were announced in the budget statement.

Crowe Horwath to audit Cayman captives

Crowe Horwath’s license to audit became effective 19 July.

CEO guards against increasing bank fees - FirstCaribbean

He highlighted one of the main problems that most banks, especially in the Caribbean, are faced with that could be attributed to their increasing their bank fees.

Cayman Introduces New Copyright Law - HIGGS & JOHNSON

The revamping of the copyright protection framework was driven by the desire to encourage and support the work of local creators as well as offer greater protection to international creators who wish to invest or conduct business in Cayman.

JFSC signs MoU with Liechtenstein’s Financial Market Authority

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

Cutts-Watson to assist BVI to “reinvigorate” business

The industry has seen successful developments, it has faltered slightly, according to report.

Isle of Man Regulatory Update - Appleby

Alternative Banking Regime in the Isle of Man

ESMA Publishes Further Advice on the Application of the AIFMD Passport for Non-EU Jurisdictions

The decision on whether to extend the passport rests with the European Commission, subject to the right of the European Parliament and European Council to raise objections.

Consultation on ‘Code of Conduct’ for Isle of Man Insurance Companies

The MIA recognises the need for an insurance regulatory framework which meets relevant international standards but which is also sufficiently proportionate to allow our members to continue to attract business.

Cayman regulator fails to sanction unlicensed bank and its directors

CIMA has offered no explanation for its failure to protect foreign investors in this case

Age discrimination and Jersey pension schemes

It may also be helpful for employers and trustees to seek advice on the implications of the Age Regulations for them

PM Christie Announces Business Initiatives for Grand Bahamas

The cooperation and meaningful collaboration should be noted of Grand Bahama Port Authority and other stakeholders including the signatories to the Memorandum of Understanding.

Jersey sees an increase in private placement and consults on enhancing funds regime

The latest figures show that the appetite to use Jersey’s existing NPPR route is consistently strong amongst managers

Regulation, Risk & Compliance