Managers of Wealth Offshore

Ireland Update – Central Bank’s property fund proposals

The current proposal is to introduce a 50% limit on the ratio of a Property Fund’s total loans to its total assets and that this limit would apply on an ongoing basis. .

Cayman Islands Director 2022 Registration and Licensing

Ogier can provide a sample letter of resignation or more general assistance in completing the process if required.

Malta’s grey listing – Contributing factors and the road ahead

Malta was evaluated by MONEYVAL in 2018, with an evaluation report being published in September 2019.

Government accepts some OTS recommendations but rejects others

Five OTS recommendations for reform to CGT have, however, been accepted by government.

GAPP confirms plans for ESG framework

Although there is no fixed timescale for its release, as GAPP wants to ensure enough time is spent getting the framework right, there is a hope that it can be published around mid-2022.

Three Key Changes to Note Under the New HKEX Listing Regime for Overseas Issuers

Company law and regulations in the Cayman Islands are also flexible and adaptable to the rules of stock exchanges all over the world, including accommodating the WVR structures and providing safeguards for shareholder rights.

Central Bank of Ireland Publishes Operational Resilience Guidance

The Guidance is accompanied by a feedback statement (the "Feedback Statement") summarising the feedback received from CP140, providing commentary on industry views and explaining changes made to the Guidance in its final form.

Federal Council initiates consultation on automatic exchange of information with twelve more partner states

ith the introduction of the automatic exchange of information with emerging market and developing economies, Switzerland is committed to international standards to combat financial crime, tax evasion, money laundering and corruption.

The Protected Disclosesures (Amendment) Bill 2021

The legislation will further extend the scope and breadth of the protections afforded to individuals who make a protected disclosures in Ireland.

Banks Report ‘Fourfold’ Fraud Attempt Growth

There was a fourfold increase in the number of frauds attempted during 2020, but a 64 percent reduction in actual fraud occurrences, when compared to the previous year.

Employment Law Series = The Individual Accountability Framework and Sear in Ireland

People-related steps and processes that businesses can start thinking about in readiness for the new Individual Accountability Framework and Conduct Rules

Managing the Luxembourg voluntary liquidation process

Luxembourg also offers compelling structures.

Convex gets reciprocal US status

The Convex companies are the first in the global re/insurance market to be granted the status by California and the NAIC.

Continuing requirements for BVI companies

The Annual Declaration must be filed within six months of the company's financial period ending.

Reminder of annual filing deadline for CIMA registered directors

The annual declaration should be filed through the CIMA Director Portal.

A guide to funds and private equity in Jersey

Clients value our longstanding experience in investment funds and our active role in the market.

FC4S Welcomes Jersey to its Global Financial Network

The international Network of Financial Centres for Sustainability (FC4S) has welcomed Jersey, a forward-thinking international finance centre (IFC), to its global network.

Bankers were frustrated by rogue Credit Suisse manager

Mr Ivanishvili has vehemently denied authorising the purchase of the position in the stock that led to the call.

How regulated firms can successfully navigate the AML landscape

Put alongside the extraordinary figures released by leading legal and business research provider LexisNexis, which estimates AML compliance is costing UK financial institutions £28.7bn annually, there is clearly scope for improvement in this space.

Outsourcing your AEOI compliance: Why And How?

To comply with the requirements, reportable financial institutions had to find significant new technical resource to stay on top of and comply with the new regulatory environment.

Regulation, Risk & Compliance