Managers of Wealth Offshore

Extraterritorial Reach of the UK to International Trusts

This register is not publicly accessible but, under limited circumstances, may be inspected by any law enforcement authority in the UK and EU members states.

Recognising Diversity - Joe Moynihan

This is an excellent initiative and one which the local IoD can be justifiably proud.

Plaid Cymru joins calls for government to block tax-dodging companies from coronavirus bailout support

It follows EU countres including Poland, France and Denmark proposing similar rules for its bailout funds.

Coronavirus challenges could prompt delays to money-laundering investigations

Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.

Economic Substance in the UAE - 2020 Update

The OECD then turned its attention to combatting Base Erosion and Profit Shifting (BEPS)

DAC6 – The EU’S Mandatory Disclosure Regime (MDR) and its Impact on the UAE

It provides for the mandatory disclosure by intermediaries, or individual or corporate taxpayers, to the tax authorities of certain cross-border arrangements and structures that could be used to avoid or evade tax and the mandatory automatic exchange of

Roper assents to pensions changes

Changes to Immigration, Traffic and Customs and Border Control law also assented

Guernsey capacity law approved – new capacity test and the introduction of lasting powers of attorney

The Capacity Law will come into force on a date yet to be appointed by Ordinance of the States of Guernsey.

European Commission approves Malta's €215 million wage subsidy scheme

The Commission concluded that the Maltese measure was "necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State."

Using Captives to Insure Against Black Swan Events

As popularized by finance professor and Wall Street trader Nassim Nicholas Taleb in relation to financial markets, the term “black swan” refers to a rare or low-probability event that deviates from what is normally expected but poses critical

JFSC: Effectiveness of finance industry's response to Covid-19

Businesses have been open and transparent with the JFSC about their contingency plans and any operational issues they have been facing.

EU pushes to ‘phase out’ Malta’s citizenship scheme

Citizenship sale schemes posed money-laundering and corruption risks

Corporate Governance During Covid-19

The director remains under an ongoing duty to supervise the performance of the delegated power

Offshore Business Update

As a result, many people, particularly those in the financial industry, are working remotely, and face to face meetings have become challenging (and in some instances, impossible).

Covid-19 - Signing of Wills in Jersey

The Regulations are a welcome and proportionate response to the current unprecedented circumstances.

CRS And FATCA Update

We have summarised the key updates below which Cayman Financial Institutions (Cayman FIs) need to be aware of

Changes to work-permit process approved

The changes were introduced alongside previously planned tweaks to the immigration rules, which the premier said would help protect Caymanians in the workforce.

COVID-19 and tax residency

In early April 2020, the OECD released their guidance (PDF 327 KB) on how certain issues dealt with under the model OECD tax treaty will be affected by COVID-19

Phase 2 of Lockdown Easing Measures in Guernsey - What does it mean fro Guernsey Property Transactions?

This is a great step forwards but it leaves as a very live current issue the logistics of how will people move between properties.

Overstayers amnesty granted

The amnesty is intended to reflect the spirit of compassion and humanitarianism which underpins the Government’s approach to policies in response to COVID-19,” the statement said.

Regulation, Risk & Compliance