Managers of Wealth Offshore

CIMA fund annual return update

CIMA also recently confirmed by notice to the funds industry that it has improved the FAR notification process

Butterfield Completes Wind-Down of UK Private Banking Business, Launches Butterfield Mortgages Limited

The acquisition of unique properties in the most desirable neighbourhoods in central London.

IoM issues pension transfer warning after rise in UK scams

The red flags do indicate a need for scrutiny and caution.

A ‘KURE’ for regulatory fatigue: Koger Universal Regulatory Engine

This additional wave of compliance introduces a whole new set of requirements and responsibilities to fund managers

MP hits diplomat on FATCA

The MP said Estrada ignores the fact that no one is against FATCA but many persons have called for a purposeful and comprehensive review of what it is

Global survey reveals offshore private equity to remain strong in 2017

Sentiment across the private equity industry globally remains upbeat as we kick off 2017.

Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit

Alawwal changed its name from Saudi Hollandi Bank last November.

CIMA confirms head of Banking Supervision

She has also participated on behalf of the authority in international forums, including regulatory and industry seminars.

RBC acquitted in Bahamian tax fraud case

The prosecuting judge filed a notice of appeal.

The Islamic Finance and Markets Review – the Cayman Islands

The legal system has not diverged far from that of England and Wales.

Cayman Islands compliance and transparency

The Cayman Islands has implemented various legislation.

Arsenal star Alexis Sanchez 'admits owing almost €1m tax' during spell at Barcelona

Chile international has already refunded money to Spanish authorities.

Fiscal rights and responsibilities

There is broad political consensus that we should not give up our right to hold on to our fiscal sovereignty.

ZEDRA co-sponsors the inaugural STEP Alpine conference in Interlaken, Switzerland

A world-class panel of speakers and a global list of attendees will come together to discuss the current themes dominating the private client industry in Switzerland and Liechtenstein.

C&AG highlights significant failings in Jersey Innovation Fund

Since 2013, when the States Assembly agreed to transfer £5 million into the JIF, seven loans totalling over £2 million have been made to six borrowers.

Judicial Determinations of Fair Value in Cayman Mergers – An Update

Such litigation has been brought in the Cayman courts under Part XVI of the Cayman Companies Law

New company structure will lure tech start-ups to Luxembourg, says head of Ogier's corporate team

"Anyone using the new structure will still need a business licence, and will need to be trading here – it cannot be used as a holding company.

Changes to Cyprus Stock Exchange settlement rules

The new Regulatory Decision was published in the official government gazette on 5 January 2017 and replaces the previous Regulatory Decision published on 18 September 2015.

Cayman in bank de-risk meeting in DC

The Cayman officials then contributed to Financial Stability Board discussions on an action plan to address the issue.

BVI Government amends work permit fees

Some roles are yet further subdivided into salary bands, with the fee rising accordingly.

Regulation, Risk & Compliance