Managers of Wealth Offshore

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.

Bahamas Central Bank Looks to Phase Out Checks

This project follows discussions last year with the country’s Ministry of Finance and Clearing Banks about reducing the use of checks and cash in the Bahamas over the next five years.

MFSA slams the brakes on company for ‘ultra-rich’

Chris Cardona-linked Insignia Cards ordered to restrict its operations

Offshore Perspective: Updates to HK Listings Rules

The Core Standards are intended to be applied in a unified manner across all listed companies, and so derogation from any of the Core Standards will not ordinarily be available.

Joint consultation with Government of Jersey on anti-money laundering exemptions

The proposals will mean that several Island businesses that are not currently subject to registration or notification requirements will need to register with us, or notify us about their activities in the future.

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.

The Bahamas Update

The Bahamas is Compliant with 18 Recommendations and Largely Compliant with 20 Recommendations, positioning the country in the top tier amongst FATF and FATF-Style Regional Body global network.

Guernsey and Jersey Joint Guidance on Economic Substance and Partnerships

Both Guernsey and Jersey implemented legislation extending economic substance to partnerships earlier this year.

Walkers Fundamentals White Paper 2021 – Regional Update: Europe

There has been strong Cayman hedge fund activity in the London market in 2021, notwithstanding the macro uncertainties continuing from 2020.

Fidleg what portfolio managers need to know

The changes have wider implications for many businesses

Regulation, Risk & Compliance