Managers of Wealth Offshore

BAHAMAS: Governor In Bank Fee 'Transparency' Pledge

The Bahamas has to achieve more significant development of non-bank channels to direct capital to the private sector, exploiting channels that the securities industry might promote.

The Regulatory webcast - Maples Group

Listen to our latest regulatory webcast.

KPMG announces Channel Islands and Isle of Man merger

The new practice is wholly owned by its local partners who will continue to make decisions quickly that are right for our jurisdictions.

HSBC introduces monthly €5 fee for banking services

Low earners, pensioners could be impacted, Consumers' Association warns

Update on Pension Regulation in Jersey

The Government of Jersey announced in December 2020 that the phased introduction of regulation of private pensions provided by local financial services businesses is to proceed following two consultations on the matter in 2018 and 2019

Harneys advises Equatorial Palm Oil

CML was incorporated in 2015 to acquire licenses prospective for mineral sands in Sri Lanka (the Project).

Non Voting members join Economic Development Committee

They will be fully involved in all work that goes on with the Committee, but will not get a vote on political issues or decisions.

Tribunal dismisses Hanjin family's appeal on inheritance taxes

The children challenged the decision, claiming they learned about the overseas assets only in 2016, 14 years after his death in 2002.

Electronic Signatures & the Private Client

The core documents include trust deeds, wills and testamentary instruments and enduring powers of attorney.

Cayman Islands Economic Substance reporting dates extended

The next stage for those carrying on relevant activities will be filing an ES Return through the DITC Portal.

EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions

ESMA's statement aligns with our previous advice to clients on the narrow scope of this exemption, particularly where it relates to services being provided to retail clients.

Taking an assignment of a purchase agreement in a new development? Act now to beat 30 June 2021 stamp duty changes!

Up until recently, the Cayman Islands Lands and Survey Department had indicated that stamp duty paid on a purchase agreement cannot be applied to a future assignment of that purchase agreement.

‘No more withdrawals’: premier sticks to pension position

Government had amended the National Pensions Law to allow local workers to make withdrawals from their pension accounts.

‘No more withdrawals’: premier sticks to pension position

Government had amended the National Pensions Law to allow local workers to make withdrawals from their pension accounts.

CESRA: Economic Substance Reporting Deadline Extension

Failure to comply with the annual reporting requirement exposes an entity to fines and possible striking off.

Fee payment deadline for CIMA registered directors to avoid fines: 15 January

The annual declaration should be filed through the CIMA Director Gateway.

International Data Transfers - Brexit And Schrems II: Impact For Funds

This briefing considers the implications of both for investment funds.

Why Kenya is yet to receive funds stashed in Swiss banks

Many Kenyans found it difficult to understand why Switzerland did not simply return the funds to Kenya without much further ado.

Former Malta regulator CEO asked to refund extra pay

He resigned following reports of an all-expenses-paid trip to Las Vegas

The Carlyle Case – The Final Chapter

The Carlyle case arose from the collapse in March 2008 of a Guernsey fund called Carlyle Capital Corporation Ltd

Regulation, Risk & Compliance