Managers of Wealth Offshore

Europe to Face More Money-Laundering Scandals, Netherlands Says

EU finance chiefs call for anti-money laundering agency

Don’t worry about France, pursue other jurisdictions – says former BICA president

In a communication to Parliament, Deputy Prime Minister K Peter Turnquest expressed anger over the shock move.

Premier says concerns regarding the referendum “have been realised"

“We will now need to await the judicial review in January before having a clear idea as to the way forward."

Economic substance: it's all about the documentation

The most important thing is for everyone involved in the industry to be diligent in recording what decisions were taken, and why.

EU Council rejects corporate tax transparency directive

The Organisation for Economic Cooperation and Development adopted country-by-country tax reporting for large multinational companies as part of the Base Erosion Profit Shifting initiative, but the information is not made public.

Bahamas Targets Middle East On Financial Services

The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.

Bermuda Incorporated Segregated Accounts Companies Act Comes Into Force

ISACs will also continue to appeal to managers looking to set up a mini master-feeder fund within the same vehicle.

Guernsey and Frontier Economics to report on capital flows

Frontier Economics, one of the largest specialist microeconomics firms in Europe, has worked widely in Guernsey, including on sector and economic strategies. As part of this work, it will engage with industry associations, fund administrators and investme

Ogier advises on Jersey Evening Post relocation

Katharine Marshall has also been appointed to lead the legal team

Start Up Guernsey to close after 20 years

Having undertaken a review, the Committee is pleased to be furthering its partnership approach by establishing a collaboration between the Digital Greenhouse, Agilisys, Barclays Eagle Lab and the Chamber of Commerce.

EBA publishes guidelines on ICT and security risk management

These Guidelines set out expectations on how all financial institutions should manage internal and external ICT and security risks that they are exposed to.

Scotiabank To Sell Its Operations In British Virgin Islands To Republic Bank

The transaction supports the Bank's strategic decision to focus on operations across its footprint where it can achieve greater scale and deliver the best value for customers, Scotiabank said in a statement.

Nomura receives regulatory approval for crypto custody in Jersey

"This is part of a bigger trend, where institutional custody players are getting their head around the digital assets space.”

Appleby Advises KKR on GBP 45 Million Acquisition of Prometic Bioseparations

The total purchase price is up to GBP 45 million, subject to adjustments for working capital and indebtedness and the achievement of future revenue thresholds.

Bermuda’s AML regime among the best in the world: Premier Burt

Bermuda had been ahead of other jurisdictions in accommodating ILS business, which is why he started doing business there more than a decade ago.

US FATCA crackdown pushing demand for tax advice

The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.

Mizuho penalized for not reporting $77m in Caymans profits

Japanese megabank says it didn't skirt taxes in 2008 effort to raise capital

Yorgen Fenech’s 61 connected companies under scrutiny

Financial Intelligence Analysis Unit launches hunt for money laundering

Guernsey ‘stronger’ as updated economic substance guidance is published

Guernsey was placed on the whitelist at the earliest opportunity in the process in March 2019.

Updated economic substance requirements for Guernsey fund managers

Fund managers are in scope of the law where they have income in relation to their fund management activities.

Regulation, Risk & Compliance