Managers of Wealth Offshore

Cayman: Introduction of Registration Regime for Closed-Ended Funds Summary

Both this summary, and the more detailed client advisory, are based on the Bill as published.

Cayman Islands: Withdrawal of Fifteen Investor Exemption

Directors of registered mutual funds are required to be individually registered or licensed under the Director Registration and Licensing Law.

Appleby Acted as Bermuda Counsel to Akinova Leading up to the Completion of a First of its Kind' Parametric Cyber Risk Transfer

Appleby said: Congratulations to the AkinovA team on the completion of the first cyber parametric instrument trade.

Jersey moves closer to introducing pension regulation

There are currently no specific rules covering providers on the island

Regulation of Crypto Assets

Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.

Cross-border transactions face EU anti-money laundering overhaul

The demand for greater scrutiny over high-risk international transactions is not new for banks in the EU.

Bermuda Economic Substance Update – Key Amendments Enacted

Bermuda has passed amendments to its economic substance laws to more closely align Bermuda’s regime to that of other 2.2 jurisdictions.

Panama moves forward with beneficial owner register

This information will now be collected on the register, under the control of the Superintendence of Non-Financial Institutions.

Art and money laundering: The U.K. enacts new art laws and all buyers and sellers need to pay attention

Regardless of the jurisdiction, all art transactions carry risk.

Important Changes to the Bermuda Investment Funds Act 2006

The IFA Amendments are intended to further enhance Bermuda’s regulatory framework, primarily in relation to categories of investment funds that previously did not require any registration or regulation in Bermuda.

Arbitration of Employment Disputes: What Employers and Employees Need to Know

The use of arbitration varies between jurisdictions, but in general is less common in countries such as the UK where there is a dedicated tribunal system for employment claims.

Michael Edwards and Will Burnell sworn in as Advocates of Jersey's Royal Court

Will gained a law degree from the University of Durham, followed by completing the Legal Practice Course in York.

Panama: New economic substance requirements for offshore jurisdictions

Equally vital is for administrators of such entities to demonstrate that they have shown regard towards the legislation by resolving that their

Cross-border transactions face EU anti-money laundering overhaul

Attempting to stop the movement of illicit funds across international borders is one of the new text’s priorities

Bermuda-based captives increase cyber premiums by more than 50% in 2018

It also noted an overall increase in the number of captives on the island writing cyber coverage.

Bermuda Amends National Pension Scheme

The required vesting period has been shortened to one year from two years, with effect from 2 March 2020.

Guernsey to stay on Netherlands tax blacklist

By drawing up its own stringent blacklist, the Netherlands is once again showing that it is serious in its fight against tax avoidance,

Egrant inquiry uncovered ‘hidden’ Pilatus filing system

Bank wanted a ‘perfect’ report

Switzerland sends notices to Indians for trusts arrange in tax havens

The Cayman Islands-based trusts named in such notices come with The P Devi Kids’s Agree with, The P Devi Agree with, The Dinod Agree with and The Agarwal Circle of relatives Agree with.

Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020

The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.

Regulation, Risk & Compliance