Managers of Wealth Offshore

Appleby Mauritius Advises on the Issue of USD 400 Million Perpetual Subordinated Capital Securities

The Appleby team comprised of Group Managing Partner Malcolm Moller, and Manisha Lallah, Counsel.

Ireland – the Emerald answer for Dutch CLOs?

Whilst no new law has been passed, the rulings in place for these transactions have been changed (unilaterally) by the Dutch tax authorities, a move that has shaken the sector.

Has complacency been replaced by volatility?

Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.

Jersey Finance Supports Diversity and Inclusion

Nowadays it is vital that employees feel respected, appreciated and valued, regardless of their individual differences.

Ireland update: Central Bank Proposes Introduction of New Pre-Approval Controlled Functions

The CBI is accepting comments from stakeholders

SaSo Strategic Advisors moves to full service offering

To support the change in Registration, SaSo has hired Peter Smart as Head of Investments, to be responsible for a new dealing and managing investment function within SaSo.

Deutsche Bank cleared Cyprus funds for businessman Jho Low

Lender acted as correspondent bank for Malaysian facing allegations over 1MDB scandal

Blue Capital Re to delist from Bermuda and New York stock exchanges

After the effectiveness of the Form 25 filing, Blue Capital said it expects to file a Form 15 with the SEC,

Cayman: Update in Respect of Automatic Exchange of Information

The FATCA Amendment aligns FATCA requirements with CRS requirements

The Minister of Labour Issues Regulations of the Portable Retirement Gratuity Fund (PRGF)

The PRGF Regulations confirm the procedure to be followed in order to lodge claims under the PRGF

Cayman Captive Forum mulls expanded agenda as industry absorbs CICA cancellation

To this end, it has been considering adding new sessions to broaden the scope of the subjects it addresses.

Bermuda Tables Immigration Changes for Mixed Status Families

The Government of Bermuda tabled in the House today a Bill which would amend the Bermuda Immigration and Protection Act 1956 to address certain issues facing ‘mixed-status’ families

Bahamas announces travel ban

Effective immediately, any non-resident who has visited South Korea, Iran or Italy in the last 20 days will be denied entry into The Bahamas.

Pilatus banker’s defence: U.S. dollar payments were not meant to breach Iran sanctions

Ali Sadr Hasheminejad trial in New York: defence says prosecution witness who recieved $50,000 from Stratus did not breach sanctions

Grand Court commends trustee's "text book" approach to deliberations

The Trustee applied to the Grand Court under section 48 of the Trusts Law and/or the court's inherent jurisdiction

US Reveals How Wealthy Kenyans Laundered over Sh800 Billion Illicit Cash Stashed Abroad

It allowed Kenyans with money hidden in offshore accounts to repatriate it without disclosing the source.

New Registration Requirements for Unregulated Investment Funds

"Funds" which are established for only one investor will be outside the scope of a "private fund" given the "pooling of investor funds" requirement.

Ogier advises SEB Group on the acquisition of stake in Canadian school chain Maple Bear Schools

The acquisition was a major step in SEB Group's international expansion, following its initial acquisition of 95% of Maple Bear's South American operations in 2017.

DFSA strengthens ties with Isle of Man regulator

The MoU establishes the framework for cooperation for the consolidated supervision of cross-border financial services activities, including retirement benefits schemes and employee money purchase schemes.

Commission invests in Supervisory Technology

For these projects, Commission staff are working alongside UCL staff, researchers and Regul-AI-tion to explore ways in which new technologies can potentially augment the supervisory process and aid regulatory reporting and compliance.

Regulation, Risk & Compliance