Managers of Wealth Offshore

Minister blasts blacklisting agencies

The Organization for Economic Cooperation and Development has led the blacklisting of Barbados and other Caribbean jurisdictions over their tax regimes.

Dirty Money on the Big Screen: Why Media Portrayals of Money Laundering Matter

Greater media attention on money laundering can even drive changes in behaviours of everyone from the public to those tasked with tackling it.

Jersey cited in guide on best practice for Beneficial Ownership registers

The report acknowledges that countries find it challenging to achieve satisfactory levels of transparency on the beneficial ownership of companies.

The BVI International Tax Authority Has Issued The BVI's Economic Substance ‘Rules And Explanatory Notes' Supplementing The Economic Substance Act, 2018

The Act introduces compliance obligations and economic substance requirements for any legal entity that carries on a business that constitutes a "relevant activity".

Guernsey: Guernsey Investment Structures

So why do so many promoters, investment managers and investors choose Guernsey?

September Quarter 2019 Investment Statistics

Over the past year, total net asset values increased by £6.1 billion

Scarred by Malta, Latvia and Cyprus, bigger EU states push for money laundering supervisor

The need for an EU supervisor emerged after repeated failures by national watchdogs at spotting and countering money laundering, the statement said.

Director of Compliance Association says more Action Needed in Tackling Money Laundering

The organisation comprises compliance associations in Antigua, the Bahamas, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands, Curacao, Trinidad, and Turks and Caicos.

Illegal offshore gambling websites targeting Australians to be blocked by Federal Government

That means they don't have consumer safeguards in place, it also means they're not paying any tax and they're not contributing towards, for example, the cost of regulating the racing industry in Australia."

EU states push for money laundering supervisor after scandals

The six countries said the new supervisor could be a new body or an existing watchdog, the European Banking Authority, which would need to be beefed up.

STEP Journal Supplement, Bermuda Conference

The theme of opportunities for international financial centres amidst geopolitical uncertainty are also explored at this year’s STEP Bermuda conference .

Luxembourg Update: CSSF Mandatory Notifications Deadline Extended

Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, in the context of Brexit, has extended its original deadline.

Jersey Schemes of Arrangement: Is it Now Time to Decapitate the Headcount Test?

A scheme of arrangement in Jersey under the Companies (Jersey) Law 1991 (Jersey Company Law) enables a company to enter into a binding compromise

Utmost Wealth CEO talks consolidation

And gives his view on the Isle of Man Conduct of Business Code

Switzerland overhauls trust sector with new rules

Switzerland will introduce a new regulatory system for the trust sector in January 2020, marking the "beginning of a new era" for trustees active on Swiss soil.

The global war on money laundering is a failed experiment

Stories about money laundering, and efforts to prevent it, are rife.

HMRC nudge letter guidance

The early adopters of the CRS agreed to exchange information for the calendar year 2016 by September 2017 and the later adopters who agreed to exchange information for 2017 will have done so in September 2018.

If my company offers interest-bearing intra-group loans, is it in- or out-scope of the economic substance law?

A helpful premise to start off the discussion is this: if your entity offers short-term credit as an incidental part of its usual operations, it is ruled out of being a finance and leasing business.

Cyprus moves to strip 26 foreign investors of citizenship

A Cypriot passport appeals especially to wealthy, third-country nationals because holders become European Union citizens and can work and travel freely within the 28-country bloc.

How the Netherlands Built One of the World’s Worst Tax Havens

And How to Shut It Down

Regulation, Risk & Compliance