Managers of Wealth Offshore

Duff & Phelps releases Global Regulatory Outlook

The survey found that only 33% currently see London as the foremost global financial hub, falling more than 20% over the past two years.

Will the UK backtrack on offshore public registers?

Now that the UK has made its long-awaited exit from the EU, the Conservative government has the opportunity to reverse its commitment to public registers of beneficial ownership in crown dependencies and overseas territories.

New ESG Disclosure Requirements for Asset Managers

A new EU Disclosure Regulation has been made regarding disclosures by asset managers and investment funds relating to sustainable investments and sustainability risks.

Regulators looking at CIBC FirstCaribbean $797m deal

The consideration to be paid is made up of about $200m in cash and the remainder in secured financing provided by CIBC itself.

Guernsey reports surge in new captive numbers

Guernsey is responsible for more than a third of the European captives market.

Jersey and Guernsey regulators sign MoU

The MoU sets out how the two offices will work collaboratively in a number of key areas, further strengthening the cooperation requirements that are contained within the data protection legislation.

Blacklisting, de-risking hurt Caribbean

Inclusion of The Cayman Islands in the EU blacklist regime came as a shock to most because that territory was thought to be compliant with legal requirements, though regarded as a tax haven.

KPMG issues warning to IoM firms in breach of economic substance rules

"As many companies will now be in their second period to which the rules apply, the stakes are getting higher," said Rotherham.

The Cayman Islands has been added to the EU Blacklist. What Now?

EU Member States have been encouraged to apply additional administrative measures regarding structures or transactions with jurisdictions on the EU blacklist.

Ag Hails ‘A New Day’ On Financial Regulation

Mr Bethel said the Government’s attention, as well as that of financial services regulators and industry partners, will now turn to ensuring everything necessary is in place to produce a positive assessment by the visiting FATF team.

UBO registers in the Netherlands and Luxembourg: an update

Now that the UBO register is live in Luxembourg, it has allowed the general public and other interested parties like bankers, lawyers and notaries to see how it works in practice.

World Bank Grapples With Study Linking Foreign Aid to Corruption

The article was then published hours later, by the World Bank, he explained, also confirming this through screenshots he shared with OCCRP.

Legislative Amendments to the Bermuda National Pension Scheme

The Amendment Act came into force on 30 December 2019, with some amendments effective immediately, and others coming into force on 2 January 2020 and 2 March 2020.

Guernsey Employers: Brexit-Proofing your Workforce in a Shifting Immigration Landscape

These actions indicate a proactive and supportive approach on the part of Guernsey's government to business needs, which is welcomed.

Cayman Islands: Courting the super-rich to create jobs

He added: “The development of a family office product is an expansion of wealth management sectors in Bermuda, thus demonstrating Bermuda’s commitment to these sectors and to the Government’s diversification mandate.

Prime Minister takes aim at US, UK financial regulations

Prime Minister Hon. Chastanet highlighted how crucial it was that CARICOM continues to lobby to have these issues addressed.

Cayman Contacts EU to Begin the Delisting Process

He noted that since 2018, Cayman has adopted more than 15 legislative changes in line with the EU’s criteria.

EU blacklist: Reputational pressure to achieve October removal

Some limited partners may also have increased concern “over the audit risk and risk of increased tax leakage if there are Cayman blockers or other Cayman corporate vehicles in fund structures”.

Privy Council Confirms Narrow Scope Of Liquidator's Rectification Power In The Cayman Islands

The Net Investment Method is a concept imported from United States law and applied in that jurisdiction where the liquidating entity was implicated in the fraud.

Monetary Authority: Moving Forward Together

Over the past 50 years, the BMA has met the changing needs of the financial services sector on a local and global scale.

Regulation, Risk & Compliance