Managers of Wealth Offshore

Malta Chamber to government: disqualify tax cheats from public procurement

Malta Chamber says inaction is hurting tax-compliant businesses

Mauritius officially off the EU list of high-risk third countries

On the basis of the recent removal of Mauritius from the FATF grey list achieved through firm commitment and prompt implementation of the FATF action plan, the Commission has concluded that Mauritius do not have strategic deficiencies anymore in its AML/C

Bahamas delisted from EU AML blacklist

The engagement with the EU DG FISMA began in August 2020 and culminated with The Bahamas' submission of additional information and data in early October 2021.

SICAV fund fined over 'millions invested without robust controls'

The FIAU found Southern Cross failed to adequately document its internal procedures to fight money laundering and did not properly screen its customers before accepting their money.

SEC charges another Cayman ICO issuer

Last year, two of those investors sued Crowd Machine and its Cayman-based affiliate Crowd Machine SEZC, alleging “a massive investment fraud” in relation to the cryptocurrency start-up’s Cayman token offering.

At A Glance Guide to registering a Jersey charity

Entities which can apply for registration include the trustees of Jersey trusts, Jersey foundations, Jersey companies, fidéicommis and 1862 Associations.

Obtaining a Grant of Probate in the BVI

The effect of the shares not being transferred means that any assets of the Company, whether theyare real estate or an investment account, will not be accessible to the heirs for their use.

US and Malta agree joint crackdown on pension plan abuse

This came to light after both authorities found that US taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established i

Bermuda Economic Substance Regulatory Update

A registered entity will be in scope of the Substance Act and subject to the ES Requirements if it conducts a relevant activity.

EU tightens screw on shell companies with minimum substance test

The rules will also increase transparency around the use of shell entities for tax authorities with greater information exchange protocols.

Antigua and Barbuda's progress in strengthening measures to tackle money laundering and terrorist financing

In line with the CFATF Procedures for the Fourth Round of Mutual AML/CFT Evaluations, the country has reported back to the CFATF on the actions it has taken since its mutual evaluation and its 2nd Enhanced Follow-up Report.

The Bahamas' progress in strengthening measures to tackle money laundering and terrorist financing

Chinese crackdown on offshore firms gets the Caymans into trouble

No surprise that the new regulations also limit the ability of foreign investors to acquire stakes in firms deemed important for national security.

The EU List Of Non-Cooperative Jurisdictions For Tax Purposes

The screening criteria are founded upon tax transparency, fair taxation and implementation of OECD anti-BEPS minimum standards including economic substance requirements for zero-tax jurisdictions.

Pakistan and India probe hundreds of Pandora Papers names

Authorities in the two South Asian countries are actively investigating offshore account holders exposed in the leak.

Final Legal Changes Made in Preparation for Brexit

In addition, Jersey will continue to engage with the EU institutions and Member States on a range of important issues in line with our good neighbour policy.

Malta: Cheques may take six days to clear as banks' operations impacted by COVID

Central Bank issues directive to give banks more contingency leeway

Moi era men face fresh offshore assets scrutiny

It is expected to offer a rare window into the secret haul of hidden wealth by the Moi-era power men.

Gibraltar, Falklands and Cayman Islands among 39 British places competing for official city status

There are no fixed rules or a minimum population required for city status. It is officially granted by the Queen on the advice of the government ministers.

St Kitts and Nevis' visa-free agreements and diplomatic partnerships reach historic height

These partnerships have moved St Kitts and Nevis ahead of Mexico and Israel, leveling with Barbados for the number one passport in the Caribbean region and 24th globally.

Regulation, Risk & Compliance