10/09/2019
The Crown Dependency of Jersey: Constitutional Insights
This is a substantive academic issue in its own right but the purpose of this note is to clarify the key facts and issues surrounding this topic.
Regulation, Risk & Compliance
10/08/2019
Chambers Global Practice Guide 2019: Doing Business in Ireland Trends and Developments Chapter
Among other topics, the authors discussed how Ireland is well positioned as a location of choice for UK companies and new entrants seeking access to the EU post-Brexit.
10/08/2019
New Sebi rules to hit Mauritius and Cayman Islands hard, says report
Financial centres like Mauritius, Cayman Islands and Cyprus are not FATF members. FATF is an inter-governmental policymaking body which was set up at the 1989 Paris summit of G7 due to increasing concerns over money laundering.
10/08/2019
Procurement law under review
Prospect MLA Austin Harris took aim at the lengthy delay from the passage of the bill in 2016 and the completion of the regulations in 2018 to bring it into force.
10/08/2019
The tangled web of drafting offshore wills
Added layers of complexity in dealing with multiple jurisdictions has coincided with South Africans increasingly externalising some of their assets.
10/07/2019
KYC Laws in the Cayman Islands
Justice Kawaley found the Court had no statutory power to order Fortunate Drift to provide Canterbury with the KYC information it had requested following a change in the beneficial ownership of Fortunate Drift.
10/07/2019
Intermeddling - Second bank fined for contravention of Probate Law
These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.
10/07/2019
ESAs highlight money laundering and terrorist financing risks in the EU financial sector
The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions
10/07/2019
Switzerland and the UAE removed from EU tax haven lists
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
10/07/2019
Reasons for entrepreneurs to consider setting up an offshore business
Access to opportunities rather than tax efficiency is the guiding principle.
10/07/2019
Grenada Strikes A Chord With South Africans Investing Offshore And Seeking Citizenship
Grenada’s CBI programme only requires a minimum investment of US$220 000
10/06/2019
SKN Leads the Way in Global CBI Schemes
Two-island nation St. Kitts and Nevis introduced its CIP program in 1984.
10/06/2019
Guernsey substance status “a huge advantage”
Ms Rowlands was recently involved in a redomiciliation of a fund from Delaware to Guernsey.
10/06/2019
Does your firm have an effective relationship with the JFSC?
The JFSC's public statement on Sanne Fiduciary Services Ltd in 2019 evidences that it values cooperation.
10/06/2019
QC Corner: James Ramsden QC
The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.
10/04/2019
ECB’s top supervisor urges Malta to strictly monitor banks amid rising crypto industry
Malta has also faced criticism from the International Monetary Fund (IMF) and recently failed an international AML evaluation.
10/04/2019
Guernsey investment funds ‘more competitively placed than others’
Other panellists at the event agreed that achieving substance has become an increasingly important issue in jurisdictional choice for general and limited partners and that Guernsey was now more strongly positioned in the market.
10/04/2019
EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland
EU blacklist to shrink to nine, including three U.S. territories
10/02/2019
Green finance: Mauritius Financial Services Commission signs Marrakech Pledge
The signing ceremony took place in early September in conjunction with the 18th summit of the Francophone Institute of Financial Regulators hosted by the FSC in Mauritius.
10/02/2019
Vatican's secretariat of state searched in financial probe
They were believed to be the first at the secretariat of state, which co-ordinates the activities of the Holy See, functions as the seat of governance of the universal Catholic Church and oversees diplomatic relations with more than 180 nations.