Managers of Wealth Offshore

The Benefit Entities Act 2025 - Bermuda

Under Bermuda's legislation, traditional companies that do not opt-in to become a benefit company will not be impacted in any way.

Deadline for 2024 tax returns moved to January 2026

“Clearing this backlog remains their top priority,” Deputy St Pier told his colleagues.

Gov’t proposes refinements to BO Transparency Regulations

They also aim to address issues raised by industry since the legislation was consolidated into a single act in 2023.

Money laundering remains a serious risk for Bermuda

The regulated insurance (long-term and life) and accounting arenas fared slightly better, with medium threat ratings.

Coriats expands into new markets with Jersey office launch

David Stewart, Director, continued: “Our launch in Jersey, (which is very arguably the best trust jurisdiction in the world) will be marked by our dedication to delivering an exceptional client experience.

CIMA proposes crisis recovery plans for banks

The framework applies to all banks, credit unions and development banks incorporated in Cayman, with requirements proportionate to each institution’s size, complexity and risk profile.

Bermuda cited in beneficial ownership failure

The group is the British wing of Transparency International, the self-styled “world’s leading non-governmental anti-corruption organisation” with more than 100 chapters.

Fact or fiction: the doctrine of fictional fulfilment in Jersey contract law

The Supreme Court reasoned that there were no English law authorities in support of the principle of fictional fulfilment.

EU warns Malta of over-spending

Malta is at risk of material non-compliance with the recommended maximum growth of net expenditure, European Commission report says

We must enable growth, not regulate it into obscurity

Guernsey Financial Services Commission Director General: “We must enable growth, not regulate it into obscurity”

BVI Update: Initial Annual Financial Returns Deadline for Limited Partnerships

The first financial period that is in scope for BVI limited partnerships is 2025, i.e. for a limited partnership with a 2025 calendar year, the annual return will be due from 1 January 2026.

The Legal Profession Bill, 2025: Pending Changes to the Legal Industry in The Bahamas

The Bill was projected to come into force in the first quarter of 2025.

VISU sanctions reporting in BVI due 30 November

The annual reporting obligation will be relevant to (among others) BVI funds holding underlying assets that are frozen

Developers appeal quashed planning approval in Grand Court

It said that multiple factors supported the decision including traffic impact, tourism benefits, and no demonstrated harm to neighbours.

Increased salary will be paid from end of December: Finance

The regulation that is being observed for the calculation of employee allowances and benefits from 16th October to 15th November is the regulation that has been in effect since 2010 as per the Civil Service's guidelines.

Implications of proposed stamp duty increase on high-end Cayman Islands real estate

Under the proposal outlined in the Budget Address, the rate of stamp duty on residential transactions valued at CI$2 million or more will increase from 7.5% to 10%.

Safe and secure: Jersey Royal Court offers guidance on its security law in case of Rassmal Investments LLC

Rassmal made a number of claims, principally against ASG. In this article, we focus on the claims made in respect of the Law.

Country by Country Reporting (CbCR) – Re-registration Required by 30 November 2025

CbCR is relevant to MNE Groups with annual consolidated group revenue of US$850 million or more in the preceding fiscal year.

Succession planning in the Cayman Islands

The preparation of a Cayman Islands will requires careful attention

Amendments to Cayman Islands company law coming into force

The Amendment Act removes this requirement by allowing capital reductions without court approval, where permitted by the company’s articles of association.

Regulation, Risk & Compliance