Managers of Wealth Offshore

Malta could take longer to get off the FATF grey list

Leading financial crime expert warns that Malta faces a 'difficult road ahead'

IGI Europe begins trading in Malta with former MAPFRE exec at the helm

IGI Europe is authorised by the MFSA to write a full suite of IGI products and will exercise passport rights across the European Union (EU) and European Economic Area (EEA).

BVI Guv okays bills to deter financial crime

The new amendment specifies that investment fund business doesn’t count toward “relevant activities.”

Central Bank of Ireland updates AML/CFT Guidelines for Financial Sector

The Updated Guidelines list a number of steps that the Board should take in order to meet the necessary standard of governance and oversight.

MALTA: Cabinet approves extension of commercial court’s competence

Government takes up suggestion made by judge Joseph Zammit McKeon

Brussels sets stage for battle over emissions cuts

EU reform proposals attacked by politicians, industry lobbies, environmentalists

Mauritius on the way to being delisted from FATF grey list

Mauritius has been commended by the FATF on the progress achieved in addressing the highlighted strategic deficiencies and has implemented a series of reforms.

Oben Regulatory expands into the Isle of Man

Joining up with Oben’s Jersey specialist team brings that broad range of advice and expertise to clients across all Crown Dependencies.”, said Steve Billinghurst

The Cayman Islands introduces economic substance requirements for partnerships

A Partnership in existence prior to 30 June 2021 must satisfy the test from 1 January 2022.

China: New regulations threaten use of Cayman structures

The VIEs enable investors to exercise control through contractual arrangements rather than majority voting rights.

Cayman Islands Update on Economic Substance and AEOI

Other exemptions are available for entities which are tax resident overseas, domestic companies or local partnerships.

Guernsey’s insurance regime allows innovation to flourish

Paratus Maritime Insurance Limited was launched to create price certainty, allowing policy holders to manage volatility

Walkers' Jersey Team Advises Suntera Global on Successful Application for Fund Administration Services Licence

Suntera already held fund administration licenses in the Cayman Islands, Bahamas and Isle of Man.

She sells sanctuary: Firewall legislation and Bermuda's recent reforms

Ashley Fife provides an overview of the current state of Bermuda’s firewall legislation and its recent trust law reforms.

Rebuilding Trust in the Travel Industry

It has been well documented that public trust in the travel industry is at an all-time low following the demise of Thomas Cook in September 2019, and more recently because of the global pandemic that has disrupted travel so severely.

What does Brexit mean for tax havens and the City of London?

The words ‘competitive advantage,’ or ‘competitiveness’ when applied to a financial sector, are clear warning signals for those of us who look closely at these things.

Housing market activity rebounds after ending of second Guernsey lockdown

It is a similar positive story for the Guernsey Open Market, where the 37 transactions recorded by Unusualities of Guernsey for the second quarter is only bettered, in recent years, by the fourth quarter of 2020 (43).

Binance payments blocked by Barclays

The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week

Inclusive Framework BEPS Agreement

Pillar One of the agreement is a significant departure from the standard international tax rules of the last 100 years, which largely require a physical presence in a country before that country has a right to tax.

New disclosure rules for Jersey sustainable investments

The JFSC has just announced that, from 15 July 2021, or 17 January 2022 for existing funds and Jersey investment businesses, new disclosure requirements will be introduced into the Codes of Practice for Certified Funds

Regulation, Risk & Compliance