Managers of Wealth Offshore

Managing the Luxembourg voluntary liquidation process

Luxembourg also offers compelling structures.

CSSF publishes passporting requirements applicable to UK investment funds and fund managers after the end of the transition period

Following the departure of the UK from the EU on 31 January 2020

UK releases draft order for OT beneficial ownership registries

The draft Order sets minimum requirements for what the UK Government deem to be a compliant publicly accessible register of company beneficial ownership in the Overseas Territories.

Bermuda's Improvements to the Digital Asset Business Act

The 2020 Amendments have also included consideration for the passing of the Digital Asset Issuance Act 2020

Minister for External Relations Welcomes Post-Brexit Trade Negotiations

Our engagement in the negotiations will continue

Finance sector not bouncing back quickly

Due to effects being felt elsewhere in the world, the Finance sector seems to be suffering the most.

ECB recalibrates monetary policy instruments in view of pandemic

Money market report for the week ending December 11

Are Banks Enablers or Victims of Financial Crime?

The charge against the banking industry is that time after time

Bahamas' DARE legislation opens the door for new industry

It also provides for the regulation of digital assets- based payment service businesses and for the registration of financial services related to the creation, issuance or sale of digital tokens and other digital assets.

SEC slaps former Argo boss Watson with fine for misrepresenting pay

The SEC said the money from the fine will be transferred to the general fund of the US Treasury.

Cayman Islands: Update for all Registered Private Funds and Regulated Mutual Funds

Walkers’ Global Investment Funds Group offers Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Jersey and Irish law advice on investment funds and is one of the largest specialist International Financial Centre funds teams worldwide.

Succession Planning - British Virgin Islands and Cayman Islands

When an individual owns shares (Shares) in a British Virgin Islands business company (BVI) or Cayman Islands exempt company (Cayman) there are various succession planning options one may consider.

UK Immigration Post-Brexit

Those wishing to work or stay in the UK for longer will need to apply for a visa under the new immigration system.

Overseas Territories: progress made on improving transparency and addressing illicit finance flows

The UK will continue to work with the OTs and provide all reasonable assistance as they develop their registers.

BVI: New MLRO Notification Form

While no hard deadline has been provided we understand the FIA expects the MLRO Notification of Appointment Forms to be completed and returned in Q1 2021.

Lawmakers looking for agreement on Legal Services Bill

The bill requires that every law firm in Cayman has at least one Caymanian attorney who is a partner or member depending on the type of practice.

2020 was a year of progress in Cayman's fight against corruption

As 2020 draws near to a close, the Cayman Islands heralds a final notable achievement as the UK Government will soon extend its ratification of the United Nations Convention against Corruption (the “Convention”) to the Cayman Islands.

Read our special report on Labuan IBFC, gateway to Asia

And we feature an overview piece from the LIBFC's CEO Farah Jaafar sets out how "an innovative and forward-looking intermediation centre" has developed over the years to now offer one of the widest and solutions in Asia.

Lawmakers looking for agreement on Legal Services Bill

The bill is going to proceed to the committee stage this week when various amendments proposed by both government and opposition will have to be addressed.

Rich Kenyans race to buy Caribbean citizenship

Globally, the top five countries in terms of CBI enquiries were all emerging markets: India, South Africa, Bangladesh, Pakistan, and Nigeria.

Regulation, Risk & Compliance