Managers of Wealth Offshore

EU’s proposes changes to 4AMLD - Appleby

On 5 July 2016, the EU Commission published proposed amendments to the EU’s 4th Anti-Money Laundering Directive (4AMLD).

Cayman Islands Limited Liability Companies Now Available

On 8 July 2016 the Limited Liability Companies Law, 2016 (LLC Law) came into force in the Cayman Islands, with Cayman Islands limited liability companies being available for registration from 13 July 2016.

Cayman bank named in lawsuit over Ponzi scheme

Five other international investment banks had funds deposited from the investment scheme, but they are not named as defendants in the lawsuit filed in the Cayman Islands Grand Court.

Bermuda Partner Vanessa Schrum recognised for prestigious Powerwomen Award

Vanessa Schrum is the only Bermuda lawyer nominated for a Citywealth Powerwomen award

Carey Olsen Advises Patron Capital On €949 million Real Estate Fund

This is the first of the Patron funds to be domiciled in Jersey under the jurisdiction's well-established expert fund regime.

Legal partner Wins European Legal Award

The awards, organised by Euromoney Legal Media Group, celebrate the achievement of women in the European legal sector and in firms that set the standard with female-friendly employment practices.

HSBC avoided criminal charges over fears of ‘systemic risk’

The bank identified about 2,200 of its 35,000 Cayman Islands U.S. dollar accounts as high risk because of either suspicious activity or due to a lack of information about the account owners.

Cayman Islands’ Limited Liability Companies Law, 2016, comes into force

The introduction of the LLC responds to requests made by the US financial services industry for such a vehicle.

Prosecutors Investigating Lotte’s Suspected Overseas Deals

Seoul prosecutors are tracking down the flow of capital upon discovering key affiliates have bought a stake that initially cost 15 billion won in a franchise restaurant operation in 2002 for 49.4 billion won from a private equity fund run by a foreign in

Jailed investment manager says he doesn’t have access to offshore money

The once-high-flying investment manager sat mostly motionless and expressionless during the hearing.

Venezuela detains suspect linked to Panama Papers law firm

News reports based on millions of leaked Mossack Fonseca spurred global criticism that the firm was helping the rich and powerful

Carey Olsen advises Raven Russia on dual listing

The Carey Olsen team included Partner Ben Morgan and Senior Associate John Scanlan

Brazil police launch probe into Panama's FPB Bank

Fpb Bank said in a statement that it has no operations in Brazil and that accusations that the lender is involved in the corruption scheme are erroneous.

DOJ Investigating Facebook for Suspected Irish Tax Dodge

The court filing says the documents relate to an IRS examination of the company’s federal income tax liability for the year ending Dec. 31, 2010.

Ex-Treasury Boss Blasted For Taking Job With Bank 'Exploiting' Offshore Finance Services

According to its website, the family-run bank which is the oldest in the UK and the fourth oldest in the world offers clients help netting “the best after-tax returns” as part of its offshore investment management wing.

Offshore law firm scoops trust award

The company has been ranked in Band 1 in the high-net-worth guide by prestige British legal publishers Chambers & Partners.

Lionel Messi Sentenced in Tax Case, but Prison Is Unlikely

He is also unlikely to be imprisoned.

Ogier remains top CISE listing agent

The figures for the year so far also show that the firm has also sponsored 59 of the 219 securities listed between 1 January and 30 June this year.

CIMA Reveals Deal With Gibraltar In Wake Of Brexit

Cindy Scotland, the managing director of CIMA, signed the deal on behalf of the authority and explained the reasoning behind it.

ENSafrica recognised for its India-related capabilities

ENSafrica’s well-established India practice group has many years of experience in facilitating the entry and expansion of Indian corporates on the African continent, as well as facilitating foreign investment by African corporates into India.