Managers of Wealth Offshore

New IOM Regime For Foreign Companies

The provisions of Part XI had been amended from time to time to legislate against perceived abuses by foreign companies.

Government won’t close Cayman Islands Development Bank

The Cayman Islands government will not shut down its loss-making development bank, Finance Minister Marco Archer signaled Wednesday during his presentation of the government’s annual strategic policy statement.

S.E.C. Settles Swiss Secrecy Case With HSBC

The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.

Channel Islands: Warning over 'fake' offshore bank

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.

BAHAMAS: Commonwealth Bank completes BASEL III exercise

The preference share redemption was part of an exercise to comply with the Basel III international agreement.

Plans to reduce cost of business on the Rock

The news was presented by Gemma Vasquez at the Gibraltar Federation of Small Businesses' annual dinner at the Rock Hotel where she asked that business issues would be raised.

AIFMD — marketing offshore AIFs  into the EEA: the Guernsey, Jersey and Cayman Islands view

Those AIFMs that hold back from marketing into the EU on an active basis

FATCA: Cost-Overruns Come with the Territory

That is, if they haven’t faced the music already.

Bahamas to Undergo CFATF Review in 2015

The country’s financial sector will once again be brought under a microscope as the industry will undergo a fourth round of reviews by the Caribbean Financial Action Taskforce next year.

Guernsey Banking Deposits Grow In Q3

The value of deposits held by banks in Guernsey grew by £3.5 billion (4.5%) during the third quarter of the year.

Guernsey’s Funds Offering To Be Given Technical Analysis

A technical showcase of Guernsey's funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year.

Review of the financial sector in Mauritus by Rundheersing Bheenick, Governor of the Bank of Mauritius

Looking back over the global landscape in recent years, characterised as it has been, by painful adjustments in financial and economic affairs, it is hard to avoid the conclusion that we have been lurching from crisis to crisis.

HSBC Unit Charged by Belgian Prosecutors in Tax Fraud Probe

These companies, which are based in Panama and the Virgin Islands, exist for the sole purpose of tax evasion, they added.

Meeting of the Crown Dependency Regulators

The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014.

Worldwide: (More) Business As Usual

When it comes to new regulations, Guernsey is offering optionality to overcome 'fortress Europe', according to Fiona Le Poidevin, Chief Executive of Guernsey Finance.

Appleby Sponsoring RCA's Regulation, Operations and Compliance Bermuda Symposium on 22 - 24 April 2015

The RCA’s Curriculum Committee, Curriculum Development Team and Instructional Design Group is in the process of formulating the most timely and relevant subject matter for 2015 to deliver at the Symposium.

Performance Measurement No Longer Exists in a Vacuum - DST Global Solutions

Investment Management is operating in a world of more – more regulation, more transparency, more meaningful investment information and more control.

Guernsey Financial Services Commission adopts Thomson Reuters Accelus World-Check

The application also offers functionality for large volume/batch screening and automatic ongoing monitoring, to simplify the vetting process and manage larger volumes.

Mauritius assures help to India in Special Investigation Team's black money probe

Mauritius, often accused of being a route for round-tripping of funds by Indians, today conveyed to Indian government that it was ready to support its Special Investigation Team ( SIT) to unearth black money.

Deloitte named a leader in Global Risk Management Consulting services by Gartner

Cyber Risk Services and Crisis Management round out broad portfolio Deloitte considers cyber risk services to rank among its most important offerings in the marketplace.

Regulation, Risk & Compliance