Managers of Wealth Offshore

Malta: improvement in fighting money laundering and terrorist financing

As a result of assessment in 2019, Malta was requested to report to MONEYVAL under the enhanced follow-up procedure.

TISE lists more than 40% of UK REITs

The International Stock Exchange (TISE) is now the listing venue for more than 40% of all UK Real Estate Investment Trusts (REITs).

404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?

Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies

Moving to the Cayman Islands

The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.

A changing FIAU for changing times

We’re still secretive – that’s very important and we never showcase any case-specific information.

Saunders lauds ministry after auditor general’s report

“Strong financial management and reporting are the established cornerstones of good governance, and the latest report from the OAG, rounds out the true picture behind the government’s management and reporting efficacy.”

MOTA becomes member of Global Sustainable Tourism Council

Participants represented a cross-section of public and private sector organizations from various Bahamas destinations, including New Providence, Andros, Harbour Island, Abaco, Eleuthera, San Salvador, Exuma, Long Island, Bimini, Cat Island and Grand Baham

The economic substance requirements for Jersey partnerships

Resident partnerships are in scope of the law where they have gross income in relation to their relevant activities.

Why is the EU Breaking Its Own Treatise by Attacking a Small Pacific Island for not ‘Playing Fair’?

The Financial Action Task Force (FATF), responding to the APG at its February 2016 plenary session in Paris, placed Vanuatu on its dreaded grey list.

Jersey committed to growth of Islamic finance

In this article for Islamic Finance News, Manuela Belmontes, Simon Hopwood and Mark Crichton discuss Jersey's commitment to the growth of Islamic Finance and the increasing popularity for Islamic compliant funding as part of inward investment into UK

West City Bank is not registered in Malta or licensed here, MFSA warns

Do not undertake any business or transactions with the entity - watchdog

The Guernsey Private Investment Fund

Flexibility of form: can take a variety of legal forms, including a company, unit trust, limited partnership or other vehicle or entity approved by the GFSC.

Economic Substance in Jersey and Partnerships

New summary guidance

The tried and tested route into Europe post-Brexit

Guernsey has often watched – with a calm detachment – the waxing and waning of the UK’s mercurial relationship with the European institutions over half a century.

The Panama Papers Double Cross How a spy-for-hire got closely guarded dirt on the global elite.

The operative who beat the system was a hybrid journalist/spy-for-hire named Mark Hollingsworth.

Guernsey Private Investment Fund attracting tech sector

Reference Fund is a fund of funds structured as a Guernsey limited partnership, which targets investments with a global coverage (China, Israel, Europe and USA) in Seed stage technology focused funds.

Independent financial adviser prohibited from finance industry

Our investigation also concluded that Mr Hussain continued to have contact with clients when the regulator had imposed directions on him not to do so.

Court Dismisses Flawed Restrictive Covenants – Why Jersey and Guernsey Employers Should Review Contracts

The judge also declined to enforce the non-solicitation and non-dealing covenants on the same basis.

Public service pensions and gratuities may soon be reinstated

The TCI Government’s pension and gratuity programme was discontinued in 2012 due to financial hardship, according to a Government press release on Thursday, May 20.

Latin American Investor Files Six-Figure Northstar (Bermuda) Fraud Claim Against Truist Investment Services

The claimant invested mostly in bank products and checking and savings accounts with SunTrust.

Regulation, Risk & Compliance