Managers of Wealth Offshore

Let's Talk About Jersey Economic Substance: Holding Company Business

As a part of its base erosion and profit sharing (or BEPS) initiative, the European Union required OFCs, like Jersey

Surge in Interest from High Net-Worth Individuals Applying to Relocate to Jersey

As part of the relocation process applicants will be required to purchase a property locally.

Ireland | Directors' Duties – FAQ

Under the Act, directors’ duties are owed to the company and the company alone.

MALTA: Cap on cash transactions leads fight against money laundering

The cash restriction is therefore aimed at reducing the risk of money laundering and tax evasion through this method.

Guernsey launches new Economic & Financial Crime Bureau

As the Committee regularly reviews the work taking place across its remit with a view to continuous improvement

Employer opportunity created by Guernsey secondary pension scheme delay

The need for a new scheme has been on the States' agenda for some time and was originally intended to be implemented by January 2022.

Home Affairs launch the new Economic & Financial Crime Bureau

As the Committee regularly reviews the work taking place across its remit with a view to continuous improvement, a need was identified to strengthen the Bailiwick's response to financial and economic crime.

Consultation Paper on the Codes and Guidance Documents proposed to be re-issued under Revision of Laws

The draft codes and guidance do not implement policy change but replicate the current codes and guidance with the incorporation of minor amendments such as updated references and new terminology where necessary.

Regulator unveils updated Code of Corporate Governance at Sustainable Finance Week

Panelists discussed the positive impact of international collaborative bodies

CIMA issues important reminder to operators of Cayman Funds: The Appointment, Duties and Responsibilities of Anti-Money Laundering Officers

Licensees and Registrants are further required to ensure that appropriate appointments and the discharge of the day to day functions of these AML Officers are made or occur in accordance with Regulations 3, 4, 33 and 34 of the AMLRs.

ILS funds need to consider their ESG standards

ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.

EU takes Luxembourg to court over money laundering rules

European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules

Bahamas ‘Can’T Lose Sight’ Of Real G7 Goal

The Bahamas, by contrast, has largely focused on private wealth management via structures that typically use corporate vehicles as passive investment entities, leaving it less vulnerable to the 15 percent minimum global corporate tax proposal.

GUERNSEY: Secondary pensions scheme now set for launch in 2023

THE introduction of a stalled secondary pension scheme is now being planned for January 2023.

Constructive trusts and immovable property – English High Court grapples with a vexed question of Jersey law

It was common ground between the parties to the English proceedings that that question was a matter of Jersey law

Sustainable Bonds being regulated in Mauritius

The Guide places Mauritius as an attractive ESG hub to raise capital from international investors whilst bridging the gap for Africa’s financial needs to meet Sustainable Development Goals.

Considering climate change – the Guernsey Commission publishes updated Finance Sector Code of Corporate Governance

Climate change reduction targets will materially alter the economic world we live in over the coming years and may hopefully have a positive impact on our environment.

Sionic and Revelock join forces to fight financial services fraud

Revelock, provider of behavioural biometric based online fraud prevention, is partnering with Sionic, the financial services consultancy, to help banks and financial services providers take a more proactive approach to detecting and responding to fraud.

Guernsey’s data protection focuses on human error vs technology

The number of personal data breaches reported by Guernsey organisations over the past two months is not reducing, but consistent with previous reporting periods.

Tax structure decision a matter of survival not sovereignty, says top banker

He noted that The Bahamas is not as economically independent

Regulation, Risk & Compliance