Managers of Wealth Offshore

Streamlined funds regime welcomed as enhancing Jersey’s competitiveness

The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator.

JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime

The launch of Jersey’s new single private fund product will see the phasing out of all other Jersey private products although existing private funds will be able to continue to operate until the end of their natural life.

Guernsey Commission signs MoU with China’s insurance regulator

The MoU sets out a statement of intent to establish a framework for mutual assistance and to facilitate the exchange of information between the authorities.

IoM regulator open to dialogue on commission disclosure rules

This is accentuated by current uncertainty around the UAE Insurance Authority’s plan to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a 'two-year dela

BAHAMAS: Central Bank Targets Non-Bank E-Payment Rules By Mid-Year ‘17

For newly-legalised web shops are among the leading contenders to obtain such licenses, especially since they already have a physical presence throughout the Bahamas, especially in the Family Islands.

Guernsey-China relationship strengthened with regulatory MoU

One of the early adopters of the Common Reporting Standard, Guernsey has a reputation for working in tandem with its finance industry

Bermuda remains ILS world leader

The lack of correlation with financial markets has been one of the biggest selling points for ILS investors.

Swiss safe haven

The agreement itself is a good development but any expectation that it would bring the money back to Pakistan is highly misplaced.

A New Era of Regulation for Organisations using Personal Information in Bermuda - The Personal Information Protection Act 2016

The legislation will apply to every organisation that uses personal information in Bermuda where that personal information is used wholly or partly by automated means and where the use of personal information forms or is intended to form part of a structu

Parliament makes publication of offshore transfer totals mandatory

In question are almost €10 billion that was transferred offshore without the tax authorities analysing it between 2011 and 2014.

Jackson, MSME Alliance Support Plan To Protect Consumers From Banks

At the same time Jamaican banks' returns on equity and returns on assets also rank very high.

Innovation and the fintech frontier

Fintech began as back-end technology supporting an established industry.

Bondholders Endorse Belize's Revised Debt Structuring Plan

The current structure currently pays interest at five per cent per annum, which was scheduled to step up to 6.767 per cent in August of this year.

Beyond the boundary

Over the past few decades there have been very long stretches without any decisions of significance.

Bermuda Insurance Update

A.M. Best has reported that the global operating environment remains negative.

OECD invites BD to join combat against fund flight

Says signing convention can help check base erosion, profit shifting to tax havens

Chancellor slaps 25% charge on people who move pensions abroad to dodge UK tax bills

The crackdown could also end up deterring people from transferring pensions into jurisdictions where their savings are no longer protected by UK regulators, but by the local authorities.

Grant Thornton issues further guidance on International Financial Reporting Standards

The standards are detailed and technical and can appear hard to navigate.

Guernsey Property update

The Royal Bank of Scotland and Skipton continue to be seen as doing the most lending at the current time.

Pakistan to sign agreement regarding bank accounts with Switzerland: Ishaq Dar

The situation demanded that Pakistan approach the Swiss government for a treaty surrounding the exchange of information, Dar added.

Regulation, Risk & Compliance