Managers of Wealth Offshore

Guernsey enhances rules for insurance-linked securities

The streamlined application process typically allows new insurers to be established within one business day.

NY Expands Jurisdictional Reach Over Foreign Banks Using Correspondent Accounts

The majority found that Pictet “affirmatively act[ed]” by crediting the funds transferred first to the New York correspondent account

Justice Department Reaches Final Resolutions Under Swiss Bank Program

Information Received Continues to Drive Civil and Criminal Enforcement Efforts

Implementation Of ESMA Guidelines On Sound Remuneration Policies

The guidelines will take effect from 1 January 2017.

AIFMD Consistent Regimes for the Cayman Islands

The New AIFMD Regulations set out the detail and the substantive provisions of the Cayman Islands AIFMD Consistent Regimes.

Gov’t to report budget figures every 3 months

Each report is supposed to be placed in the government’s official gazette six weeks after the end of each quarter.

Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ

As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.

Bankers renew call for FATCA law to be passed

The statement said members of the Opposition shared with the BATT executive team their areas of concern related to the process around the debate and the need for a joint select committee to debate the bill to ensure that “good legislation” was

Cayman seeks early repayment of debts

The British territory found itself in the somewhat unusual position of having excess cash on hand but unable to legally spend some of it to retire debt amassed over the past decade.

Pakistan to exchange bank accountholders’ details with OECD

The FBR is discussing modalities with the banks to set up a system for exchanging information

Ireland vows to fight EU order to collect $13.5 BILLION in additional taxes from Apple

Ireland is to appeal the EU's ruling that Apple should pay €13 billion in back taxes

The Monetary Authority Amendment Law – Administrative Fines

Article by Martin Livingston, Tim Dawson and Adam Huckle Maples and Calder

JTC adds Rop scheme to Malta service range

We are delighted that the MFSA has granted us this licence to enable us to offer this fully-fledged Rops facility.

UK: Reforms To The Taxation Of Non-UK Domiciled Individuals: Draft Legislation And Final Proposals

Individuals with 'mixed funds' in overseas bank accounts consisting of foreign capital, capital gains and income will be able to separate them into their constituent parts.

Final opportunity to disclose offshore assets before 1 May 2017 introduced by Finance Bill 2016

The Revenue criteria for the types of tax offences which are most likely to be prosecuted are set out in the Revenue Audit Code of Practice.

Intro International Rebrands to Vistra

The rebrand will see the teams from Intro International relocate to Vistra’s existing offices in Singapore, with no changes to the services provided and the same teams supporting their existing clients.

Pensioners soon able to withdraw more each year

Individuals who have more money in their retirement savings accounts can withdraw more.

Financial Services Opportunities Investment Fund makes first investments

Guernsey company CORVID operates through two subsidiaries, payments specialist CORVID PayGate and IT security operation CORVID Protect.

CRS questions on the minds of Chinese clients and corporates

Some of the key issues practitioners are looking to address ahead of the moves towards global transparency relate specifically to concerns around data protection and correct reporting procedures.

Agents defend Cristiano Ronaldo and José Mourinho over tax claims

Media reports claim tens of millions of euros hidden in tax havens

Regulation, Risk & Compliance