Managers of Wealth Offshore

Leak reveals how Swiss wealth consultants shield global cast of suspects

Secret files show sprawling industry of enablers exploiting gaps in anti-money laundering laws.

Aspen Bermuda CEO to head McGill and Partners operation

Direct access to the market in Bermuda will help to facilitate mutual success across all our offices and compound the firm’s significant growth.

Sarasin fined €385,000 and reprimanded by the Central Bank of Ireland

Sarasin Funds Management (Ireland) Limited fined €385,000 and reprimanded by the Central Bank of Ireland for breaches of investment restrictions and inadequate supervision of delegates

Cayman Businesses find ways to cope with new regulations

Mueri said the crowd limitations have also caused mass cancellations of popular Christmas activities such as staff parties, galas and other private events.

Cayman Government extends beneficial ownership consultation

A “beneficial owner” is a person who ultimately owns or controls an entity, although the entity may be held in another name.

Central Bank of Ireland Proposes Changes to PCF Categories in Regulated Firms

This proposed change follows various other Central Bank PCF list updates, most recently in March 2020 (see our previous client update for further background).

Private equity: downstream transactions in the financial services sector

In a private equity transaction, buyers and sellers need to be fully cognisant of the statutory change of control requirements in each of our jurisdictions.

Covid-19 Ireland Update: Company Law Changes

This change is permanent.

Federal Council initiates consultation on amendments to Anti-Money Laundering Ordinance

The proposed ordinance amendments serve mainly to provide more detail on the adopted measures.

Businesses find ways to cope with new regulations

Mask mandates, limits to crowd size and social distancing requirements were first introduced in 2020, under the previous government as part of strict measures to prevent community spread of COVID-19.

JFSC: Upcoming consultations, legislative updates and revised policies and guidance in 2021

As well consultations issued by the JFSC, we are working with the Government of Jersey to develop legislation that will ensure Jersey’s regulatory regime continues to meet international standards.

Does dirty money need banking secrecy to thrive?

Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.

Highlights on the Mauritius Financial Services (Crowdfunding) Rules 2021

In this highlight, we provide a brief summary of the crowdfunding rules, emphasizing the key points set out therein.

Changing Attitudes

We have to have a jurisdiction where people want to move to the Island, work and spend money here.

Isle of Man banking data leak reveals how sharing banking data can identify offshore strategies and improve beneficial ownership transparency.

No names or account numbers were shared, only the number of accounts based on the residence of the beneficial owner and other details. Results

Regulation, Risk & Compliance