Managers of Wealth Offshore

Central public register may be inevitable

Cayman has been under pressure for some time now to introduce a central public register

UK enforcement agencies to visit Cayman

The UK is expected to send law enforcement officials to Cayman in the New Year to enhance the current cooperation regime between this jurisdiction and the authorities in Britain regarding financial crime and money laundering.

Four Things That Offshore Funds Should Not Do

Most offshore funds that trade U.S. instruments manage to avoid the ECI issue by restricting themselves to U.S. activity that fits within the “stocks, securities and commodities” safe harbor.

Opinion: Beneficial ownership smokescreen

The rumours have become a fact and now it is time we face the reality. Cayman Islands banking secrecy days are over.

Imf Slashes Bahamas 2016 Growth To 1.5%

The new 2016 growth forecast represents a second revision.

US and Dominican Republic sign mutual recognition arrangement

The United States has now signed 11 MRAs with other customs administrations across the world.

Bahamas PM expects bankrupt resort to open partially or fully by March

The project has been stalled since Baha Mar filed for bankruptcy on June 29 in the United States.

MiFID II: The transparency imperative

The industry needs hard facts if it is to develop successfully and cost-effectively the new infrastructure that MiFID will demand.

Financial Policy Council formed in Bermuda

The formation of the Council will overarch a strategic project begun five years ago to strengthen the financial stability framework in Bermuda.

Penalty to repatriate money leads to offshore banking

Companies have fiduciary responsibility to their shareholders (owners) to make as much money as possible within the law.

Captive industry still awaits CIMA figurehead

The delay in attracting an experienced figurehead for the Insurance Division at CIMA has compounded the authority’s woes in finding a full complement of directors

Dividend tax raid: what can expats do?

With a new tax on company dividends coming into force from April 2016, a financial planner explains how Britons overseas will be affected, and what steps they should take

Qatar Re receives regulatory approval to domicile in Bermuda

Qatar Reinsurance Company Ltd today announced that it has completed the process of re--‐domiciling to Bermuda. At the same

Panton- JMC declaration a boost for Cayman

The pressure on Cayman, as well as British Virgin Islands and Bermuda, was intense as Minister James Duddridge pledged to press the OTs on the public register.

Beneficial ownership issue left open ended after JMC

The agreement on the thorny issue appears to have been left open-ended l

Jersey funds, capital markets and private wealth strengths highlighted in Asia Roadshows

Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.

GFSC issues guidance on electronic customer due diligence

The Commission hopes that these changes will give firms the confidence to use new technologies.

UK faces more pressure to rein in BVI, others

The report urged the UK to use its ‘control’ over the territories

EFG Bank to pay $29 million in Justice Dept program deal

“Today’s resolution with EFG Bank European Financial Group SA, Geneva and EFG Bank AG reflects the continued progress of the Department of Justice’s Swiss Bank Program,” said acting Deputy Commissioner International David Horton

IMF rules out Cyprus asset management company

Since the crisis of 2013 various calls have been made to hive off bad loans into an Irish-style AMC.

Regulation, Risk & Compliance