Managers of Wealth Offshore

CySEC issues guidance on completing the due diligence procedures after the commencement of a business relationship

CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.

Luxembourg government calls on start-ups to innovate in order to overcome the COVID-19 crisis

Project proposals can be submitted from 20 April until 30 April 2020

Gibraltar moves to tighten regulation of cryptocurrencies

We opted for regulating this space in a more financial services-based way, which became what we called the core principles.

Cicra “terminated” by Jersey

That the island has a need to transition to a Guernsey-only competition watchdog boils down to a difference in mindset between Guernsey and Jersey politicians.

EIB under scrutiny for failings after whistleblowing complaints

The bank falls short of EU anti-money laundering rules, internal audit reveals

Cayman Islands Update: New CRS Form Released and FATCA Deadline Extended

Each year, all Reporting FIs and TDTs must complete a CRS Compliance Form via the DITC Portal by 15 September 2020.

Ireland Update: Temporary changes to the Irish planning regime

In cases where the public consultation period or the permitted appeal period falls within the Emergency Period, they will be automatically extended by a period equal to the number of days in the original deadline that fall within the Emergency Period.

Continuing obligations for Cayman Islands mutual funds

Every entity incorporated or registered in the Cayman Islands will be required to notify the Cayman Islands Tax Information Authority

Cayman extends FATCA filing deadline once more

The Cayman Islands government has confirmed it is working to support the industry to meet its CRS filing obligations.

Financial Services Industry Workers Can Return to Office on Monday 20th April with Restrictions

More than 90 industry practitioners joined the Zoom call

Restructuring and Corporate Recovery measures: a jurisdictional comparison

In the context of what is anticipated to be a difficult economic environment for many in the coming months

Trade and business licensing fees temporarily waived

The Ministry of Commerce, Planning and Infrastructure recently announced relief measures for micro- and small businesses totalling $14.5 million.

Restructuring and Corporate Recovery measures in Jersey – April 2020

The JFSC have confirmed that while their physical premises are closed, a flexible business continuity strategy is being implemented and they intend to take a pragmatic approach when dealing with filings, submissions and responding to clients (with the vas

Guernsey Lock down restrictions: phased resumption of business activity

This move will need to be carefully planned and communicated to ensure suitable public health guidance is available to employers so those who do choose to have employees on site can do so safely.

Cayman CRS Compliance Form Released and FATCA Deadline Extended

The DITC has further advised that the FATCA reporting deadline for the 2019 reporting period has now been extended to 16 November 2020.

Covid-19 - Charity AGM Restrictions in the Isle of Man

The Attorney General has agreed that any charity which is required to hold its AGM before the end of April and is prevented from doing so due to the COVID-19 outbreak

Planning personal wealth under economic globalization

Wealth planning ideas such as global asset allocation, foreign wealth management and offshore trusts, once exclusive to the rich, are now widely distributed among the mass affluent.

St. Kitts and Nevis Moves Up Global Passport Ranking Again

St. Kitts and Nevis has jumped up by one place since the beginning of 2020, when the ranking was last updated.

Mauritius welcomes new relaxed norms for FPIs

Under the new regulation, even the unregulated funds whose investment manager is appropriately regulated and registered as a Category-I FPIs can operate from India if their investment managers take the responsibility for all commissions or omissions of su

Collateralised Insurer Class Lets ILS Funds Target Broader Cedent Base

Bermuda’s latest addition to its insurance-linked securities (ILS) offering is the much discussed Collateralised Insurer classification of company, which partner Brad Adderley, recently explained will enable ILS funds to target a broader range of ce

Regulation, Risk & Compliance