Managers of Wealth Offshore

Guernsey Employers: Brexit-Proofing your Workforce in a Shifting Immigration Landscape

These actions indicate a proactive and supportive approach on the part of Guernsey's government to business needs, which is welcomed.

Cayman Islands: Courting the super-rich to create jobs

He added: “The development of a family office product is an expansion of wealth management sectors in Bermuda, thus demonstrating Bermuda’s commitment to these sectors and to the Government’s diversification mandate.

Prime Minister takes aim at US, UK financial regulations

Prime Minister Hon. Chastanet highlighted how crucial it was that CARICOM continues to lobby to have these issues addressed.

Cayman Contacts EU to Begin the Delisting Process

He noted that since 2018, Cayman has adopted more than 15 legislative changes in line with the EU’s criteria.

EU blacklist: Reputational pressure to achieve October removal

Some limited partners may also have increased concern “over the audit risk and risk of increased tax leakage if there are Cayman blockers or other Cayman corporate vehicles in fund structures”.

Privy Council Confirms Narrow Scope Of Liquidator's Rectification Power In The Cayman Islands

The Net Investment Method is a concept imported from United States law and applied in that jurisdiction where the liquidating entity was implicated in the fraud.

Monetary Authority: Moving Forward Together

Over the past 50 years, the BMA has met the changing needs of the financial services sector on a local and global scale.

St. Kitts and Nevis Implements Reforms to Comply with EU Good Governance Principles

The Council’s code of conduct group on business taxation monitors that jurisdictions enact the necessary reforms by the agreed deadlines.

Building an Efficient and Effective Risk Framework

Directors agree a risk policy and risk appetite statement, which chimes with their strategy and business plan, ensuring this is communicated with all relevant employees.

Guernsey fund and directors hit with more fines

Following a second investigation into Louvre by the Bailiwick’s financial watchdog

Malta: Banking In Malta

Banks should be able to understand the general principles of tax planning and international tax structuring in order for them to perform their services in an efficient and effective manner.

EU adds Seychelles, Cayman Islands, Panama to tax haven blacklist, spares Turkey

Those on the blacklist face reputational damages, higher scrutiny in their financial transactions and risk losing EU funds.

Authorities in Bahamas and Colombia sign supervision agreement

The two organisations aim to develop joint supervisory methods

GFSC signs MoUs with two financial services regulators

The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange

BVI Joins EU Whitelist

On 18 February 2020, the Economic and Financial Affairs Council announced that the British Virgin Islands has moved to the ‘whitelist’, indicating that the BVI is now in line with tax governance and transparency standards prescribed by the EU.

Bermuda Joins EU Whitelist

The Economic and Financial Affairs Council has announced that Bermuda has moved to the “whitelist” following efforts over the past months to implement legislative changes that comply with the EU’s tax governance principles.

Cayman Islands And The EU List Of Non - Cooperative Tax Jurisdictions

On 18 February 2020, the ECOFIN committee of the European Union resolved to move the Cayman Islands to the EU's Annex I list of non-cooperative jurisdictions for tax purposes.

Mourant Regulatory Update – Guernsey Corporate

The changes, which are not yet in force, are consistent with Guernsey's alignment to general principles of UK corporate insolvency processes, while providing welcome flexibility and simplification.

South African managers turn to Guernsey funds

South African managers also make significant use of Guernsey’s pioneering protected cell and incorporated cell structures for their offshore funds.

Jersey Institute of Law announces Women in Law event

They weren’t even allowed to study the profession.

Regulation, Risk & Compliance