Managers of Wealth Offshore

Banks must do more to stop financial crime, says deVere

These revelations have prompted deVere, one of the foremost financial consultancies in operation

Best destinations offering visas for remote workers including Caribbean islands

Destinations such as Barbados, Bermuda and Estonia are all offering special visas for remote workers who need a change of scenery

Government On Track To Meet Performance Targets Despite COVID, Says EPOC

The Jamaican Government, GOJ, collected $143.9 billion in taxes, which was 7.5 per cent more than it expected.

Caribbean Development Bank to lend US$70 million to The Bahamas, St Lucia to counter COVID-19 fallout

CDB estimates that GDP will contract by 14 per cent in The Bahamas and by almost 19 per cent in St Lucia in 2020.

Bahamas Makes significant Strides In Fight Against Financial Crime: Update on The Bahamas’ National Identified Risk Framework

The Securities Commission of The Bahamas and the Insurance Commission of The Bahamas also established AML Analytical Units in 2019 to maintain ongoing vigilance regarding AML/CFT/CFP compliance of the securities and insurance licensees and registrants, re

Wealthy Britons step up citizenship shopping to thwart Brexit

Investment migration seen as volatility hedge and component in high net worth portfolio value defence strategy

Guernsey legal and regulatory update Q3 2020

The GFSC has also recognised that there are increased information security risks as a result of licensees being unable to (or choosing not to) operate in their traditional office space with the acceleration of working from home which has followed the pand

How the FinCen Papers provide an opportunity to improve the Suspicious Activity Report (SARs) regime

Buzzfeed has had these SARs for over a year.

OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting

This is to ensure a timely and consistent implementation across the world, which is key to the success of CbC reporting.

EU-US Privacy Shield declared invalid – what's next?

To ensure transatlantic data flows between the EU and the US following this annulment, the EU Commission and the US government reached a new political agreement on the subject, following which the Privacy Shield decision was adopted in July 2016.

FINMA reprimands Swiss private Bank

In the course of these proceedings FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets.

Guernsey signs pension agreement with Latvia

The Agreement will enable them to get a small, part pension from Guernsey when they reach pension age.

Jersey may broker its own deal with the EU: Brexit

No 10 described a deal as only "still possible" - with a strong attack on the EU's failure to give ground.

Ireland Update – Data Protection Commission issues Guidance on Cookies

The purpose of this examination was to determine how, and whether, organisations are complying with the law in this area.

The ‘Panama Papers’ exposed the greed of the rich – and then nothing happened

The Panama Papers could have been a massive moment in history.

Phil Sharp takes 13th in La Solitaire du Figaro

Unable to fight for Sharp’s original objective of a top-10 result, he leaves the event with unfinished business, but also a great sense of satisfaction having progressed well with each stage climbing up the ranking.

BVI Government announcement on publicly accessible registers

This is far from a one-way direction of travel and it is clear from the UK’s programme for reform of its own Companies House (published this month) that availability to the public is not a sufficient replacement for professional verification.

Secret documents reveal potential dark side of prepaid debit cards

In 2014, for example, Bank of America characterized Choice Bank as “an issuer of prepaid cards for program managers with inherently high risk.”

Russia's Cabinet Approves Maltese DTA Amendments

Malta and Luxembourg have already agreed to amend their pact with Russia and negotiations are said to be ongoing with the Netherlands.

With money laundering red flags going up, football clubs may have to step up

A Europol report on money laundering recently identified football as a money laundering paradise for organised crime networks

Regulation, Risk & Compliance