Managers of Wealth Offshore

JFSC publishes 2016 Annual Report

The regulator also cites progress in its own internal change programme – restructuring the team, transitioning to risk-based and entity-based oversight and developing a new risk model.

BARBADOS: Back to Business

During the presentation of the Budget and the Budgetary policies Finance Minister Christopher Sinckler had spoken about the meeting, indicating that the matter has been resolved.

IoM and UAE regulators ‘in talks’ over life sector overhaul

This second consultation into the proposals ended on 11 May, but the watchdog has yet to release the final regulations, which will come into force once they are published in the state’s official gazette.

IoM considers changes to commission disclosure rule

The change is likely to be announced in response to industry feedback to the consultation on the latest draft, which ends 16 June 2017.

Global transparency

In recent years, significant changes in global finance regulations mean that every investor should re-examine their personal need for such offshore structures.

Declare offshore wealth? Russia tycoons would rather ship themselves off shore

No official data has been made public on how many people have given up Russian residency to escape the law

Moore Management achieves prestigious ISAE 3402 Type II accreditation

The ISAE Type II report was issued to Moore by PwC, confirming the establishment and operation of effectively designed internal controls to achieve specified control objectives.

IoD Jersey Chair calls for ‘stable and consistent policy’

It is vital that the States of Jersey uses the coming 12 months to strike the right balance of achieving more with less

Gov’t going cap in hand to local offshore banks

The Bill requires that any loan by an offshore bank to a local entity must be approved by the Financial Services Regulatory Commission (FSRC) and the Ministry of Finance & Corporate Governance.

New Isle of Man Enterprise Development Scheme deals completed

SPARK was appointed in March 2016 by the Isle of Man Government Department of Economic Development to run the Accelerator and Relocator elements of the £50 million Enterprise Development Scheme (EDS).

BMA extends ILAC application registration review

The BMA said that it will also continue to refine the insurance licensing process by providing “speed to market”

Isle of Man watchdog to review unregulated funds

He was responding to a question in the Isle of Man’s seat of government, the House of Keys, about the protection available for clients who invest in unauthorised schemes.

Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe

About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.

JFSC wins prestigious international award

The JFSC’s approach has adopted innovative solutions in the areas of interoperability, confidentiality and cyber security.

Isle of Man regulator takes action to stem fund failures

The Isle of Man financial regulator is to crack down on collective investment funds by setting out “effective” guidance rules to “safeguard the reputation of the island”.

Cayman security firm launches in US

The company was also accepted as a member in the PSA Security Network.

Expats eye financial impact of changes to Pensions Law

The reforms effectively close a loophole that has allowed workers early access to their savings within two years of leaving the island.

The ICSA Jersey 2017 Awards - HAVE LAUNCHED!

A retiring collection will raise funds to support Headway Jersey.

Guernsey regulator issues warning on new Sark company registry

Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.

Guernsey regulator issues Sark ‘company’ warnings

The Commission wishes to emphasise that there is no company legislation in Sark.

Regulation, Risk & Compliance