Managers of Wealth Offshore

Estera Launches Economic Substance Solutions

The portal and guide will be used by Estera clients to help establish how their entities are impacted by the new economic substance regulations.

HSBC backs programme for single mothers

Ten women will take part in a pilot Transformational Support Services programme focused on education, life skills and employability training next month.

Globex and Antiguan Government Sign MOU to Launch Government-Bank Backed Digital Securities Marketplace

Goal to Make Antigua the Global Digital Securities Powerhouse with a Dollarized Exchange and Fiat Banking

Law firm register established

Registering all lawyers is just one of many developments in the offshore sector

ABN Amro flags possible money laundering fines in latest blow to shares

The results are a side issue here”, KBC Securities analyst Jason Kalamboussis said, highlighting potential money laundering fines and further fallout from the investigations.

BVI amends Beneficial Ownership Secure Search system to avoid blacklist

In January, the BOSSs Act was amended to work alongside the Economic Substance Companies and Limited Partnership (Amendment) Act of 2018.

Chief Justice Of The Cayman Islands Confirms And Expands Upon The 'Standard Directions' In Section 238 Proceedings

Ogier represented a group of dissenters comprising over 82% of the total dissenters by number of shares

Firm Foundations by Joe Moynihan

There’s no doubt that the Jersey Foundation has been a clear success, receiving a strong take-up over the past decade as an asset holding vehicle for people and corporate bodies.

Malta must send strong signal against financial crime - top US official

Financial crime, citizenship sale have the US worried

Private bank fined $10.6m over tax evasion charges

Had around 100 US clients with almost $200m in assets at its peak, with most of the accounts being in the names of nominee entities.

New mandatory disclosure rules – Directive 2018/822/EU

A number of challenges may arise under the new reporting obligations and determining whether there is a reportable cross border arrangement raises complex technical and procedural issues for taxpayers and intermediaries.

MIFID II – What's Next for Regulation?

And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.

The Supreme Court of Bermuda considers whether to exercise its inherent jurisdiction to intervene in the administration of a trust

The case confirms that the courts of Bermuda have the power to validate the actions of invalidly appointed trustees.

Cayman Islands Schemes of Arrangement - Business as Usual

Some legal commentary has suggested that such a scheme is novel or landmark.

Still not in the clear: More updates to BOSSs laws as BVI eludes EU blacklist

The EU’s definition of economic substance has to do with financial services companies setting up physical and appropriately-staffed office spaces in the territory.

IMF tells Panama it needs to do more to combat money laundering

The authorities are fully committed to implementing the recommendations of the action plan agreed with the FATF and aim to be out of this list as soon as it is possible.

Migrating To Guernsey: A Jurisdiction Of Quality And Substance

Migrations into Guernsey are typically straightforward, subject to requirements of the jurisdiction being exited and consent of the Guernsey Financial Services Commission (for funds or regulated entities) and once shareholder approval has been obtained

Regulation, Risk & Compliance