Managers of Wealth Offshore

Jersey House price report for the third quarter 2020

The house price report for the third quarter 2020 has been published today by Statistics Jersey.

Agreement To Sell Bermuda Commercial Bank

Completion of the transaction is subject to a number of conditions including regulatory and Governmental approvals.

Guernsey: providing shelter from the storm

Managing Director of our Guernsey office, Ben Hill recaps the key discussion points from the second day of We Are Guernsey's Guernsey Funds Forum Webinar held on 5 November 2020.

We have great news - our BVI borders are reopening!

Test results prior to entering the Territory must be submitted via an online gateway portal within 48 hours of travel.

Cayman’s offshore banking sector shows first-quarter growth

Claims on offshore financial centres rose by $281 billion, with the Cayman Islands accounting for almost 60%, or $160 billion, of that increase, according to the Bank for International Settlements.

Belgium’s biggest banks propose system to share suspected money laundering information

The proposal was made at a Belgian parliamentary hearing held in response to the FinCEN Files investigation.

Reflections on The Africa Debate by John Félicité, Ocorian

Director, John Félicité provides an overview of the key discussions from Invest Africa's flagship annual event, The Africa Debate.

Cayman’s offshore banking sector shows first-quarter growth

The drop was mainly the result of a significant reduction of intra-bank assets and liabilities that Cayman-based branches of foreign banks have with their parent entities.

BAHAMAS: 'Stop Relying On Good Us Fortune', Top Banker Urges

The Bahamas' reduced sovereign creditworthiness also means this nation's country risk will have increased in the eyes of investors, with the consequence likely to be greater demand for tax breaks and subsidies by sponsors of major development pr

The BVI continues to innovate with its new Private Investment Fund (PIF) regime

The new legislation creates a new category of fund which is required to make a filing with the BVI Financial Services Commission (the Commission”), and which will receive “recognition” by the Commission provided it meets certain criteria

Captives should leverage their capital in surplus to increase capacity: Asian Captive Conference 2020

Panelsis agreed there is increasing interest in captives and other forms of self insurance in Asia.

Owning a Private Island: Is it a Dream Come True or Too Much Hassle?

Having your own piece of paradise with ultimate privacy – the idea of owning a private island can sound like a dream come true

Labuan IBFC registers seven new captives in first half of 2020

Labuan IBFC is a “whitelisted” jurisdiction by the European Union and deemed largely compliant by the Organisation for Economic Co-operation and Development.

Statement from the Chief Minister of Jersey

Ministers are meeting today to discuss further measures to tackle the increase in COVID-19 cases over the past few weeks.

Swiss Re CEO Sees Global Risks Increasing: Future of Finance

Another risk is the surge in borrowing as government’s seek to prop up pandemic-hit economies, even with many balance sheets already stretched.

Global Funds Spotlight Report - November 2020

If you have any queries in relation to any of the topics raised, or if there are any areas you think it might be useful for us to cover, please don’t hesitate to get in touch.

Navigating Funds Post-Brexit

They also allow managers to be agile, implement rapidly and they are much less costly than a manager establishing their own presence within Europe or running their own management company

Bringing a yacht to life

The client master relationship is one of the key factors in the client enjoying the use of their yacht.

OECD unemployment falls marginally as recovery slows

This decline continued in October when unemployment fell to 8.9% in Canada and 6.9% in the US.

Economic Substance: An Overview for Bermuda Shipping Companies

Bermuda, along with all of the major offshore jurisdictions, passed this legislation in order to remain on the European Union’s ‘white list’ of cooperative jurisdictions for tax purposes.

Comment, Analysis & Research