Managers of Wealth Offshore

Current trends shaping Cayman Islands’ landscape

Unless subject to an exemption, each company must take reasonable steps to identify any individual beneficial owner of the company and all relevant legal entities.

Chasing the black money chimera from Panama to paradise?

Individuals and companies are prohibited from investing in countries identified as non-cooperative by the Financial Action Task Force, an inter-governmental body.

JERSEY: Regulation of pensions advice in the pipeline

We really are the only regulatory authority that does not have the power to fine individuals and that is not sustainable

Isle of Man cracks down on unlicenced activity

The Isle of Man Financial Services Authority is taking a “proactive initiative” to clamp down on financial services professionals conducting regulated activities without a licence.

Govt. to Complete Sale of Grand Lucayan, Memories

Resorts This Year, Announces New Sunwing Deal

Pilatus Bank hits back, accuses MEPs of ‘erroneous statements’

Bank says it did not have dealings with Panama companies

QROPS Petition Protest Takes On Overseas Transfer Charge

The overseas transfer charge comes to 25% of the value of any pension fund.

New charity law building on strong foundations

"Once the new law is in force, Jersey will have a new offering as the choice destination for international philanthropic structuring,"

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.

Regulation, Risk & Compliance