Managers of Wealth Offshore

Greece Eases Offshore Rules for Politicians’ Relatives, Sparking Transparency Concerns

The government now argues that this sweeping restriction infringed on individual economic freedoms and needed to be modernized.

Cayman Islands: Growth in use of parallel funds structures

It offers significant benefits, including no corporate income tax, capital gains tax or inheritance tax, making it attractive for fund managers as well as investors.

BMA issues order against David Douglas King

The BMA determined that Mr King failed to ensure that Swift Intermediaries complied with statutory obligations under the Insurance Act

Statutory mergers and consolidations in the Cayman Islands

The Plan must be authorised by a special resolution of the members of each constituent company

Cayman AEOI: 2025 Updates and Deadlines

Investment managers can stay on top of AEOI compliance by bringing on an external service provider to handle registration and filings.

Deadline for submission of FATCA & CRS reports is 31 July 2025

All Cayman Islands entities classified as a financial institution under FATCA & CRS (In-scope entities) must complete and file their annual FATCA & CRS reports for 2024

Two new forms added to myJFSC

This form can be found on the relevant Forms page alongside other AMLSP forms, on myJFSC.

Cayman Finance CEO calls for balanced approach to immigration reform

McIntosh calls for swifter processing of permits

Judges’ retirement age to rise as government proposes new standards czar for judiciary

He said the Association of Judges and Magistrates were willing to engage on the reforms and cooperated as such.

Changes in fundraising trends: Considerations for Guernsey funds

Guernsey’s strong track record in establishing, administering and managing funds for institutional investors has made it a preferred jurisdiction for many.

Government establishes Director of Labour

The Minister did not specify how many other posts would be filled, or at what level.

Cayman best Overseas Territory on beneficial ownership register

The watchdog added that the Companies Register in Cayman would charge $30 for a single request and $100 if the information asked for related to more than one company.

New FOIA tool empowers Bahamians ahead of budget debate

ORG encourages all citizens who believe in the importance of enacting FOIA to help Bahamians realize their right to access information

Comparison of Laws in Bermuda, the Cayman Islands and the British Virgin Islands Relating to Limited Partnerships

This publication touches on, but does not deal with, other types of partnerships that may be formed in any of the above jurisdictions.

The Bahamas has been removed from France’s list of non-cooperative states and territories in tax matters

The Government of The Bahamas has reaffirmed its commitment to working collaboratively with international partners

BoJ to pay 6.25% per year on another 30 day fixed rate Certificate of Deposit

The interest paid on the instrument will be taxed at a rate of 25 per cent.

Standing room only: a “person aggrieved” under s.273 of the BVI Insolvency Act 2003

This was the first appeal reaching the Board from the Court of Appeal of the British Virgin Islands concerning the meaning and scope of section 273 of the IA1.

Government has “no intention” of mandating gender pay gap reporting

The aim of the meeting was to establish what, if anything, the Government is doing to encourage gender pay gap reporting in both the public and private sectors.

Credit Suisse pleads guilty to tax crimes, agrees to pay $511M

The lender now owned by UBS pleaded guilty to conspiring to hide more than $4 billion from the IRS in at least 475 offshore accounts.

And finally… banking on paradise

Due to be completed by 2030, the aim is to notably increase the country’s GDP within four years with projected revenue to be well over $1bn by the fifth year.

Regulation, Risk & Compliance