Managers of Wealth Offshore

British Virgin Islands: Filing Deadline For BVI Funds And Licensees: 30 June 2014

Funds and Licensees could be faced with administrative penalties and/or enforcement action if they fail to meet the deadline

Ponzi scheme lawsuit with Cayman link dismissed in US

The Securities and Exchange Commission accused the five, including former Cayman Islands residents Fred Davis Clark Jr. and his wife Cristal R. Coleman, of running a US$300 million investment scam out of Florida.

Cayman Islands: Pensions order lifted on Chamber plan

New board now in place

BVI House Asia Holds ‘Meet The Regulator’ In Hong Kong

More than 40 percent of BVI business originates from China and the rest of the Asia Pacific region.

CISI response to Lambert Banking Standards Review Council

The CISI will be replying positively to the invitation to work closely with the BSRC and applauds the initiative to have common standards between professional bodies, similar to the Engineering Council.

Gibraltar Resident Amongst 50,000 Madoff Claims

The claims received have not yet been reviewed to eliminate ineligible, duplicate or overstated claims, which MVF expects to be substantial

Loan funds in Malta Licensing and regulation

The Malta Financial Services Authority has recently clarified its position with respect to the licensing and regulation of loan funds in Malta.

Cayman Islands: New effort to regulate charities

International regulations have been applied to charities because of their potential to serve as a front for money laundering and terrorist financing.

Bahamas: Central Bank: 'No Power' On Atm Fees

The group is asking the Central Bank, as regulator of commercial banks

BlackRock leads protest against OECD tax plan

BlackRock, Fidelity, Robeco and Pioneer have joined forces with asset management groups and fund associations around the world to persuade the OECD to alter tax proposals they believe could harm investors.

Jersey to sign memorandum of understanding with the Emirates Securities and Commodities Authority

Jersey Finance officials and finance industry representatives will also visit Saudi Arabia

Centre discloses 26 names of account holders in Liechtenstein bank

A three-year-old judgment followed by repeated coaxing by the Supreme Court made the Centre disclose all 26 Indian account holders in LGT Bank in Liechtenstein along with details of money in their accounts, which was supplied in 2008 by Germany to India.

Channel Islands banking leaders broadly concur on Global banking industry survey findings

The CSFI’s biennial Banking Banana Skins survey, produced in association with PwC, revealed the overwhelming message from respondents: the weight of new regulation is becoming excessive and could dampen economic recovery and growth.

FRMO Reports Investment in the Bermuda Stock Exchange

FRMO Corp. and the Bermuda Stock Exchange announced that FRMO has purchased a 37.57 percent stake in the BSX.

Cayman Islands and Luxembourg funds: Options and considerations for managers

Opalesque Industry Update - The structure and domiciliation of a fund vehicle are integral to the set up of a fund from multiple perspectives.

FinScan opens Cayman Islands data centre

The new Cayman location was added to serve clients in Latin America and offshore locations

Cayman drafting ‘whistleblower’ law

Eleven of 12 government members opposed the motion with no explanation

Jersey signs MoU with China Securities Regulatory Commission

Providing the basis for a framework of cooperation and exchange of information, significantly the MoU paves the way for allowing Jersey domiciled funds to participate in the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Inv

Gibraltar offers the foundations for building a strong fund industry

Gibraltar Finance’s Philip Canessa shares his views on the benefits of Gibraltar as a European Union jurisdiction, as well as the attractions of the territory’s fund regime, tax incentives and regulatory framework for the funds industry.

Channel Islands financial ombudsman 'may be in place by 2015'

A service aimed at ensuring complaints about financial businesses are resolved could be available in the Channel Islands by the end of year.

Regulation, Risk & Compliance