Managers of Wealth Offshore

Luxembourg: ATAD III – Between fair objectives and uncertain outcome

ATAD III is subject to negotiation among all 27 member states and requires unanimous agreement for adoption.

JP Morgan Seized a Russian Superyacht in Gibraltar

The investment bank won a court order that authorized the seizure of a $75 million superyacht owned by Russian billionaire Dmitry Pumpyansky.

Global AML fines fall as regulators turn their attention to crypto

“This is reflective of the predominant focus global regulators have placed on ensuring AML measures are functioning robustly at the world’s major financial services institutions.

Compliance with Beneficial Ownership Obligations by Company Service Providers

The thematic examinations yielded very positive results.

Pensions regulations strengthened for Jersey islanders

Together, the two pieces of legislation mean that any retail advice given to local consumers about their pension arrangements will fall within financial regulation overseen by the Jersey Financial Services Commission.

SERZ Approval Application Deadline Approaching

To assist with ongoing rebuilding efforts in a SERZ, the 2022 SERZ Order continues to provide for the importation of specific construction related materials into each SERZ to be VAT-free and Duty-free.

Strong growth trajectory for Jersey funds sector in positive year for industry

The message is clear – investors and institutions value the certainty, stability and expertise Jersey offers in an uncertain landscape.

Irish And EU Regulators Warn Retail Investor Of Risk Of Investing In Cryptoassets

Highlighting their risky and speculative nature, the Central Bank warned cryptoassets may not be suitable for retail customers.

Kenya to receive millions seized in Jersey to help fight Covid

When it came to splitting up their assets, Ms Njeri felt she was not getting her fair share.

Russia Sanctions: Reporting obligations in BVI, Cayman, and Anguilla

Bermuda was not included in the UKOTs to which the 2019 Russia-UK Regulations were extended.

Bahamas ‘Open For Business’ With Latest Covid Upgrade

The reality is that the lower the level, or better the upgrade, the better the situation for the tourism industry and it will certainly have a positive impact on group bookings as well as general tourism.

T-Bills Mutual Fund: Grand Court sanctions ground-breaking SEC resolution

The complaint stated that the two individuals, Ofer Abarbanel and Victor Chilelli, misappropriated investor funds by diverting these monies into shell companies in uncollateralized loan transactions in violation of the Fund's prospectus and in breach

Guernsey finances 'better than expected' despite Covid-19

"In terms of the bailiwick's continued response to Covid-19 and what that's meant for our economic performance"

Snapshot: what to know about transfers of shares under BVI law

There is no BVI legal requirement for the instrument of transfer to contain details of the consideration.

New lasting powers of attorney – international clients

For similar reasons, it can be advisable to have a Guernsey Will limited to Guernsey assets to avoid paying probate fees in respect of the worldwide estate and release Guernsey funds more quickly, to assist the family and administration in other locations

Guernsey and Jersey Employment: Post Termination Restrictions and What New Employers Should Consider When Bringing in New Talent

Post-termination restrictions are incredibly common in employment contracts for financial services businesses in Guernsey and Jersey.

Regulation, Risk & Compliance