Managers of Wealth Offshore

NetCents Technology Announces Advisory Board Addition

It involved a continuation of an on-going dialogue that began during a special FPC teleconference held on 10 April.

FCA consultation on extension of annual financial crime reporting obligation

Approximately 2,500 of the 23,000 firms we supervise under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) submit annual REP-CRIM information.

Cayman Grand Court departs from Hong Kong Court in dismissing Winding-Up Petition

On that basis, the Hong Kong Court found the balance of the debt to be due and owing and proceeded to wind-up the guarantor.

Security interests in the BVI

Creation of Security and Governing Law

Independent review of visitor accommodation financial support

The total amount of support to be provided to this sector between the payroll co-funding scheme for the July-September period and through the grant scheme for October-March is expected to be some £6.5m.

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

Migration of foreign limited partnerships into Jersey

This guide summarises the process for such a continuance

Bermuda gets ahead of COVID-19 costs

The government had to purchase medical supplies and equipment. It had to set up quarantine facilities.

Economic recovery plan ‘a matter of urgency’

Another strong area to build on is Bermuda’s position as an “innovative and well-regulated international financial centre”.

Chamber of Commerce View: Challenges and opportunities

As a result, many companies have introduced more flexible working patterns which, in many cases, will lead to property and other cost savings.

Guidance released on common scam attempts

These emails can often look authentic, and may claim that recipients are being offered a rebate for last year’s bills, notification of a new invoice, or that their email application has reached maximum memory and will begin deleting emails.

Market failure

Economist argues globalization has gouged the middle class, propped up elites and given rise to a dangerous brand of populism

Cyprus Denies New Allegations In “golden Passport” Scheme

Cyprus on Sunday denied fresh allegations that it was granting citizenship to foreigners accused of crimes in exchange for millions in investments, insisting that all those who received a passport met all criteria in place at the time.

Bermuda’s budget deficit to “significantly increase”: Curtis Dickinson

Dickinson noted that payroll tax had been $18.2 million higher than was estimated in the 2020/21 Budget.

Mourant Global Funds Update - August 2020

We regularly provide training sessions and updates on market developments

Luxembourg’s Register of Trusts and Fiduces

Fiduciaries and Trustees established in Luxembourg and providing services to express trusts or fiducies established or domiciled in Luxembourg are responsible for completing the information in the RFT

Doing Business in The Bahamas

The chapter also summarises the laws regulating employment relationships and provides short overviews on competition law; data protection; and product liability and safety.

Getting the Deal Through | Equity Derivatives 2020

Cayman Islands law does not restrict the types of entities that may enter into OTC equity derivative transactions.

SME Equity Fund partners with Fundkiss to boost crowdlending in Mauritius

It may be noted that the MAFH is a leading FinTech association that serves to promote the cause of FinTech in Mauritius in a pan-African context and counts Fundkiss as one of its key members.

CFC Rules in Europe

These rules aim to disincentivize businesses from moving their income to low-tax jurisdictions, as it can still be subject to domestic tax, and thus protect the domestic tax base.

Regulation, Risk & Compliance