Managers of Wealth Offshore

First tranche of data from Swiss banks can unearth hidden wealth

Regulatory and government officials said the special focus of the analysis of the Swiss bank data could be on identifying people with political links

CSSF’s eDesk portal available for the mandatory notification in the context of Brexit

Any date indicated in the Brexit Notification forms is based on the assumption of a no-deal Brexit occurring on 31 October 2019.

India and Switzerland to share bank accounts data

Information on Indians with Swiss bank accounts will be disclosed for the first time

Cayman Islands Government Pass Legislative Amendments to Address CFATF Report

The Cayman Islands Government has passed a number of minor legislative amendments which implement recommendations arising from the Caribbean Financial Action Task Force's Mutual Evaluation Report.

Financial services firms in Malta to be put on notice

As regulator looks to mimic the UK’s financial crime agency

Luxembourg regulator issues Brexit notification to UK firms

Following the 15 September deadline, firms authorised under both Ucits and AIFM will then have until 31 October 2019 to submit to the CSSF either the corresponding application for authorisation, the corresponding notification or information or any action

Ireland's transfer pricing rules feedback statement

All changes could apply for periods beginning on or after 1 Jan 2020

The Anti-Money Laundering Picture in Jersey – 8,000 Steps in the Right Direction

Recent reports in the press suggest that, after a three year information gathering process, Lloyds Banking Group has frozen the accounts of approximately 8,000 clients in Jersey who failed to provide sufficient proof of their identity.

Implementation of the new prospectus regime in Luxembourg

This new regime applies to prospectuses approved on or after 21 July 2019

Guernsey – the perfect home for fund managers

Initially attracting the smaller closed ended fund market in the ‘80s and ‘90s, Guernsey began administering private equity funds, at that time considered to be in an alternative and start-up category.

US expats may see accounts frozen under Fatca

If they don’t give their tax identification number to the IRS by December

US official: Cyprus on right track in money laundering fight

Rep. Maxine Waters, who chairs the House Financial Services Committee, says that US-Cyprus cooperation in tackling money laundering “is beginning to pay off.”

Regulation watch: A global tax reset

The result has been a global tax reset, driven predominantly by the Organisation for Economic Cooperation and Development (OECD), which has taken the key role in setting the new direction for tax policy across the world.

Duff & Phelps to present advice on countering the financing of terrorism at Guernsey event

The event takes place on 4 September.

Privacy fears slow spread of UK-style data-sharing to combat money laundering

Legal hurdles await race for European equivalents to UK AML partnership between banks and police.

Suptech Presents New Opportunities and Challenges for AML Authorities: BIS

The benefits of such tools are likely to prove “particularly important for jurisdictions that have been heavily impacted by the unintended consequences” of international standards on combatting money laundering and terrorist financing

Update in Respect of Data Protection in the Cayman Islands

The contract may also need to incorporate terms to permit cross-border data transfer

Economic growth in OECD area slows to 0.5%

GDP growth also decelerated, albeit more moderately, in the United States and Japan to 0.5% and 0.4% respectively, from 0.8% and 0.7% in the previous quarter. France and Italy also saw marginal declines to 0.2% and 0.0% from 0.3% and 0.1%.

Tread with Care: Directors’ Declaration of Solvency

In this case, the liquidator of LRH brought a claim against three former LRH directors.

Taking centre stage: how corporate governance is giving corporate entities an edge

Some time ago, corporate governance was approached from a much more passive standpoint:

Regulation, Risk & Compliance