08/03/2016
MANX: Another bank to shut up shop
All deposits have been returned to its private clients, and four permanent staff have accepted voluntary redundancy agreements.
Wealth and Asset Management
08/03/2016
Business in brief: Sackville Bank receives honor in Chambers Global HNW Guide
Chambers HNW guide is specifically aimed at the international private wealth market.
08/02/2016
Tax Authority obtains list of 8,000 Israelis with Swiss accounts
HSBC bank hands over information on over $10 billion in accounts; state extends amnesty for voluntary reporting
07/28/2016
Investment firm DMS to create 50 new jobs in Dublin
DMS has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.
07/27/2016
PM May must be careful not tarnish offshore financial services reputation
The whole affair also brings the spotlight back on to the real and serious global problem of tax evasion.
07/26/2016
Butterfield Bank Reports Second Quarter Profit
Butterfield also accelerated the wind down of our London-based private bank, which is now nearing completion.
07/25/2016
Guernsey uses brexit to woo families to Channel Island
The moves are expected to benefit the British Crown Dependency by about £200,000 each year from tax take and document duty.
07/25/2016
Secret Offshore Deals Deprive Africa of Billions in Natural Resource Dollars
The Panama Papers show politicians and mining, oil and gas interests benefit from secrecy and dubious multimillion dollar transfers
07/22/2016
Labuan International Business and Financial Centre Perseveres Amidst Global Challenges
The Labuan FSA introduced international waqf guidelines in 2015, an endowment made by a Muslim to a religious, educational or charitable cause.
07/20/2016
Guernsey attracts 14 relocations in first half of 2016
The relocations include two businesses, two individuals and 10 individuals with business interests
07/20/2016
Nordea blocks 68 accounts in Panama Papers investigation
In Nordea’s case, many of the alleged tax deals were said to have been facilitated by the company’s Luxembourg division.
07/18/2016
Butterfield shortlisted for Citywealth Awards; in ePrivateClient’s Top 25
Butterfield Group’s CEO, Michael Collins, announced he was “pleased to have been recognised by our peers through the eprivateclient and Citywealth award programmes.
07/15/2016
Brexit delays Monaco wealth boutique’s UK expansion plans
Inevitably some decisions will be delayed by uncertainty
07/14/2016
Multi-Family Office included in prestigious HNW guide
The new High Net Worth Guide, published in June, is Chambers’ first title specifically aimed at the international private wealth market.
07/12/2016
Jersey named Financial Centre of the Year at Global Investor Awards
The second highest level since 2008, with private equity and real estate fund levels rising in particular.
07/12/2016
JTC Client Bucks Brexit Trend with Major London Real Estate Transaction
JTC’s client, City Pride Limited, invests in prime London real estate and the specific project relates to the Landmark Pinnacle, which is arguably the tallest consented residential tower in Europe.
07/12/2016
Jersey: Business Relations Between Jersey And The UAE
Jersey Finance established a regional office in the UAE five years ago and has been very proactive ever since in raising awareness of Jersey in the Emirates.
07/11/2016
Martin Henry CARICOM And Correspondent Banking
A correspondent bank is a bank in one country that provides services on behalf of another financial institution in another country.
07/07/2016
Barbados: Residence For High Net Worth Individuals …What Barbados Offers
Indeed, residence in Barbados is particularly attractive due to the island's cosmopolitan feel and good safety record.
07/05/2016
Zedra expands in Europe with Dutch acquisition
Zedra, an independent trust, fiduciary, corporate and fund services provider, has agreed a deal to buy Netherlands-based Allied Corporate Services to strengthen its position inside the European Union.