Managers of Wealth Offshore

Company part-owned by Jared Kushner got $90m from unknown offshore investors since 2017

Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions

Caribbean anti-corruption bodies agree measures to bolster work

Guyana’s Integrity Commission attended

Mauritius: an emerging jurisdiction for ship registration

Mauritius has the infrastructure and incentives to be an alternative jurisdiction of choice

Millions Siphoned From Offshore Pension Fund

In 2012, the Ethical Forestry directors transferred their own pensions into a tax planning scheme.

EU reviews Deutsche Bank, SocGen in screening of past money-laundering cases

Under the plan, the European Commission is assessing cases between 2012 and 2018 with the aim of producing a report this summer that identifies the factors that contributed to the banks’ failure in preventing financial crime.

Guernsey Stock Exchange disputes FCA account over Woodford

The International Stock Exchange Authority only has a remit for certain securities listed on TISE where the LF Woodford Equity Income Fund is an investor.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the

Cayman's anti-money laundering rules clamps down on crypto

The government is also working on drafting an appropriate legislative framework for virtual assets.

A government-backed cryptocurrency is gearing up to launch following fund creation and UN talks

The blockchain behind it will be open-source, allowing other countries to fork it and potentially establish their own local digital legal tender

Tax cheat travel ban strengthened

So tax dodgers without a travel document yet can apply for one and leave before the travel ban paperwork has been completed.

Gibraltar insurance provider Lamp declared in default following insolvency

Affected individuals and businesses with a turnover of under £1m will be protected by the FSCS. They will be eligible for protection for 90% of the cost of valid claims.

The Bahamas - The clear choice for int'l financial services

International financial centres such as The Bahamas play an important role in the global economy.

GDPR One Year On: End of Transitional Provisions and Likely Future Developments in the Isle of Man

Now that the transitional period has come to an end, controllers may only rely on consent which complies with the GDPR

BoE tells bank boards to take responsibility for machine failings

Bank board members will have to pay increasingly close attention to functions which are being automated and no longer carried out by individuals, including anti-money laundering checks, a senior Bank of England official said on Tuesday.

Singapore’s vulnerabilities as financial hub

Singapore’s strategic location is undoubtedly one reason for its current prosperity.

IL&FS Money Laundering Case: ED Summons Senior Executives of Deloitte

The move comes after the ministry of corporate affairs launched a prosecution against Deloitte Haskins and Sells as well as BSR and Associates LLP and their former auditors for their alleged role in perpetuating the fraud at IFIN, a subsidiary of IL&F

Regulation, Risk & Compliance