Managers of Wealth Offshore

Malta to delay launch of EU anti-corruption prosecutor

EU states are required to nominate at least three candidates for the post of European prosecutor to liaise with the Luxembourg-hub.

Cayman’s restaurants reopen for outdoor service

The reopening has come with extra cleaning costs, and the question remains on how to accommodate outside guests during a rainstorm.

Offshore Business Update: Cayman Islands

On 20 April 2020 The Ministry of Financial Services & Home Affairs issued an Industry Advisory advising that the deadline for the next round of beneficial ownership filings has been extended to 15 May 2020

Offshore Business Update: Guernsey

The States of Guernsey has launched a loan guarantee scheme to provide additional financial support to local businesses facing disruption as a result of the Covid-19 outbreak.

Organisers cancel Cayman Captive Forum

Cayman’s borders will remain shut until at least 1 Sept. but the government has not ruled out extending the closure.

OECD Explained

The aim of the OEEC was to monitor how money from the US Marshall Plan was spent to reconstruct Europe after the Second World War.

Jersey Crowned Best IFC at the Wealthbriefing Asia Awards 2020

These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect exce

Appleby's Overview of the Key Benefits of Listing High Yield Bonds on TISE

TISE provides recognised facilities for the listing and trading of debt instruments and securities issued by companies

Mauritius on the new EU list | Communique from the Prime Minister’s Office

Mauritius had initially reviewed the implementation programme with the assistance of its technical advisers in order to complete the exercise by the end of the year.

European Single Electronic Format Regulation Requirements

ESEF is a technical format. It doesn’t prompt new information to be produced, it’s about making existing information available in both human-readable and machine-readable forms.

Jersey, Guernsey & Cayman as jurisdictions for fund liquidity solutions

The current environment could generate a range of different capital requirements

Guernsey investment firms enter administration

Financial watchdog said it was ‘acting to protect the interests of investors’

The Bahamas Plans to Reopen for Tourism in July

The reopening will come in several phases.

Redomiciling to the BVI: A wise choice for many companies in the COVID-19 era

The BVI Business Companies Act, 2004 (the Act) permits just that.

ITA issues notifications for policies and procedures

A BVI FIs policies and procedures must detail how the FI complies with the requirements outlined in the Act.

HMRC task forces collect £540 million in extra tax revenue

HMRC currently has over 200 active task forces focusing on sectors of the market where its intelligence suggests tax evasion and tax avoidance need addressing

Bermuda copying Cayman’s pension cash-out

Savers who are applying to withdraw 25% of their account balance must be 65 or older, retired and no longer working.

Carey Olsen advises Hiscox on LSE capital raising

Working alongside onshore counsel Allen & Overy, the cross-jurisdictional Carey Olsen team was led in Bermuda by partner Mary Ward

Changes to Jersey family friendly legislation – Proposed implementation date of 28 June 2020

On the basis that Amendment No 11 comes into force on 28 June 2020 (a Sunday), the new parental leave and pay rights will apply to those whose expected week of childbirth or adoption falls on or after 5 July 2020.

Regulatory authorities making ‘significant progress’ in effectiveness against money laundering

The FIAU has also reportedly made strides to improve.

Regulation, Risk & Compliance