Managers of Wealth Offshore

US Virgin Islands clarifies captives law

The committee also considered a new bill to authorise the Virgin Islands Port Authority to establish a self-insurance program on the same day.

CWC: Guernsey is in a good position to promote captive sector

In these conditions, demand for alternative risk financing solutions is anticipated to continue in 2022 from all industry sectors, geographies and corporate entities.

Why do brands fail in Monaco?

Let’s put it in this way, over 80% of the luxury businesses coming to the Principality of Monaco fail to capitalise on their true potentials.

Abramovich investments highlight Cayman’s unknown Russia exposure

Tracing Cayman’s exposure in the more obscure, but potentially much larger, area of investment funds is more challenging.

Business connectivity costs in Guernsey to fall by up to 52%

The price changes will come into effect on 28th March 2022.

Moody’s upgrades Assured Guaranty

Assured Guaranty Ltd. is a holding company based in Bermuda

Fleet of Russian billionaires’ megayachts linked to Bermuda

The Government has said it would follow UK sanctions against named Russian oligarchs in the wake of the country’s invasion of Ukraine.

The P&O redundancies highlight why it is critical to follow a fair process

A failure to embrace this approach can have serious legal implications for employers and makes a difficult situation even worse for the affected employees.

Russians holding $3 billion in financial assets in the Bahamas

The central bank found $420 million in deposits and $2.5bn in custody or trust assets “with ultimate beneficial owners from or connected to Russia” in Bahamian financial institutions that are licensed to serve foreign clients.

Conflicts Of Interest And Controversial Clients: Henley & Partners’ Caribbean Business

That responsibility ultimately lies with governments, she said, but firms operating these programs like Henley & Partners should be obliged to follow anti-corruption and anti-money laundering laws.

Russian oligarch moved $1.3bn share stake from Cyprus to British Virgin Islands amid sanctions

Mordashov has been sanctioned by the European Union and the UK since Russia's invasion of Ukraine.

Forecasting group predicts good growth in 2022

It adds that the islands’ economies will not escape these headwinds, notably the squeeze on households’ spending power from cost-of-living pressures.

FC4S report shows Guernsey's high performance as a sustainable finance centre

WE ARE GUERNSEY Head of Sustainable Finance Stephanie Glover shares some insight into our contribution to the report, and her thoughts on the findings.

Making a Positive Impact Together

A great deal of hard work goes on behind the scenes, from community projects and charitable initiatives, to sponsorship and environmental programmes.

Overseas Bank Clients Question Swiss Neutrality

Switzerland has indeed given up its long-standing stance of neutrality.

Grenada on a steady path to recovery — IMF

The country's fiscal balance excluding interest payments is estimated to have maintained a surplus of around two per cent of GDP and public debt declined to 70 per cent of GDP in 2021.

Key Trends in Cayman and the BVI

Tax neutrality, the absence of exchange controls and the ability to close transactions electronically, among other things, have continued to drive the popularity of the BVI and the Cayman Islands as jurisdictions of choice in these types of transactions.

Comment, Analysis & Research