Managers of Wealth Offshore

Combating financial crime - KPMG

3 focus areas for banks to achieve more effective and efficient customer due diligence

One of the largest offshore fund managers to pay back $860 Million

Settlement wraps up one of the largest remaining disputes in liquidation of Bernard Madoff’s Ponzi scheme

CIISF to hold cyber threats seminar

It will demonstrate how to incorporate threat intelligence and use defensive tactics.

ZEDRA Jersey raises funds for NSPCC projects

‘ZEDRA is a global firm but our ethos is to make sure we support local charities actively in various ways and, in doing so, we are able to make a positive, practical and ongoing contribution to the communities around us in which we work.

Economic substance rules – an update

As a first step, we are helping our clients to analyse and understand where their entities are tax resident and whether their activities are affected by the legislation.

Civil Financial Penalties on Principal Persons: Methodology for determining the amount

The circumstances of each case will be different and the JFSC will apply each step in the methodology with the necessary degree of flexibility and discretion that the particular case will merit.

JFSC enforces first financial penalty on Sanne

The regulator has imposed a civil penalty of £381,010 on Sanne Fiduciary Services Limited and has issued a public statement with details of why it was necessary to impose the penalty.

European reinsurers can claim capital credit from Guernsey reinsurers

Guernsey’s diverse insurance industry provides a flexible, responsive regulatory regime outside of the EU

Jersey: Channel Islands Funds Quarterly Update: Q2 2019

Jersey specific guidance was also released by Revenue Jersey to disclose the additional questions relating to economic substance which will be included in tax returns commencing from 2019.

Two vital financial institutions in St Kitts – Nevis under scrutiny

A guest of Freedom 106.5 FM “Issues” programme, Wrensford, a former Non-Resident St Kitts and Nevis ambassador to Trinidad and Tobago

Cayman Islands: LA Bills To Further Enhance Cayman's AML/CFT Regime

There will also be two separate bills to handle administrative matters for the Auditors Oversight Authority and the Cayman Islands Monetary Authority.

UK approves Jersey beneficial ownership data sharing

Jersey, which has maintained a beneficial ownership register since 1989, was noted to apply 'stringent' ownership thresholds for entities it considered high risk.

Caribbean Business And Finance Report

It is followed by The Bahamas in second place, St. Kitts and Nevis in third, Antigua and Barbuda at fourth and Trinidad and Tobago in the fifth spot.

International exchange framework released for CRS-related mandatory disclosure rules

The announcement also covers updated XML schemas for the exchange of CRS, country-by-country (CbC) reporting and tax ruling information.

Channel Islands Funds Quarterly Update: Q2 2019

The Guidance Notes are intended to be a work in progress and will develop through further discussions with the OECD and the EU Code of Conduct Group.

The list goes on – why Guernsey bridges gap between funds and stock exchanges

Guernsey will not be directly affected by Brexit because it is not part of the European Union and never has been; therefore, if the structure works now, it will almost certainly work after Brexit.

The European Crowdfunding Service Providers For Business Regulation

To this end, in March 2018, the European Commission presented a proposal for a regulation on CSPs propounding the notion of an EU passport for CSPs and crowdfunding platforms offering their services across the EU.

Consumer protection tribunal cases will be confidential, says gov’t

The matter of whether the tribunal would publicise cases came up after a businesswoman raised concerns that publishing case information could have a negative impact on businesses.

Jersey signs Commonwealth partnership

A not-for-profit membership organisation, it has a mandate from Commonwealth heads of government to promote intra-Commonwealth trade, investment and the role of the private sector across the 53 member countries.

Guernsey focusing on family offices

The Policy Framework, therefore, rightly recognises that the island’s experience of providing more than 50 years of sophisticated and discrete services of unrivalled breadth and depth across fiduciary, funds and wealth management lends itself to pro

Regulation, Risk & Compliance