Managers of Wealth Offshore

Banking sector very dynamic

Other European jurisdictions are not keen to license new banks

Need for both investment and reforms in Mauritius

Such companies in Mauritius’s Biopark offer glimpses of a prosperous and more diversified future.

Guernsey's fund and banking industries show stability in Q2

Guernsey's financial services regulator approved 18 new investment funds during the second quarter of 2015

Good Resources launching online bank in Gibraltar

The online bank will be oriented to markets in Europe, the Middle East and China

Mauritius: Investment Promotion and Protection Agreement Signed With Dubai

The Mauritian delegation also had meeting with potential investors

Cayman Islands: Remittances: Have cash, will travel

The global issue hit home this summer when Fidelity Bank and Cayman National Bank stopped offering those services

CAYMAN ISLANDS: Bank restrictions on US$ exchange

People come to this country to make a better life for their families

LuxSE and Alfi publish Compilation of Investment Fund Laws and Regulations

The second publication covers alternative investment funds established under Luxembourg law and other investment vehicles which are neither UCITS nor AIFs.

The frustration of funds and investment houses, holding beneficial interests in notes issued by defaulting Asian corporates

BARBADOS: Not international business as usual

Foreign direct investment from more developed nations is likely to be reduced.

Guernsey extends market access to EU countries under AIFMD

Guernsey's Government, the States of Guernsey, has now amended its Investor Protection regulations for AIFMs and AIFs based in EU Member States

Venture capital licence bolsters Crestbridge pan-European capabilities

The EuVECA regulation, which became applicable in all EU Member States on 22 July 2013, the same day as the Alternative Investment Managers Directive (AIFMD), provides for a common EU framework for fund managers of certain venture capital funds which plac

CIMA takes aim at corporate governance standards

The regulator kicked off a private sector consultation exercise last month to gather industry feedback on its proposed minimum standards for corporate governance.

Isle of Man chief predicts ‘anti-offshore activity’

Isle of Man Government chief minister Allan Bell has predicted a wave of negative campaigning focused on the Isle of Man and the other crown dependences, if Jeremy Corbyn wins the leadership of the UK’s Labour Party.

ESMA recommends extending AIFMD marketing passport outside Europe

The passport is currently only available to EU fund managers.

Former island resident under international scrutiny

The international media is warning potential investors about Republic Asset Management Corp., reportedly controlled by former Cayman Island residents Ryan and Cody Bateman.

Swiss Banking division Pays $10.4 Million in Deal With U.S.

“As today’s agreement reflects, Swiss banks continue to lift the veil of secrecy surrounding bank accounts opened and maintained for U.S. individuals in the names of sham structures such as trusts, foundations and foreign corporations,

US and Swiss agencies set to reveal more on FIFA probes

Six of his former colleagues are still on remand in Switzerland fighting extradition to the US.

Disclosure of Beneficial Owners of EU Companies, Trusts and Foundations

The 4th AML Directive requires disclosure of beneficial ownership information to central registers.

Uncertainty for offshore financial centres?

Despite all of the efforts by the Cayman Islands to comply with international compliance initiatives such as signing tax information agreements with other countries and complying with the US and UK FACTA, history has shown that the jurisdiction still come

Regulation, Risk & Compliance