Managers of Wealth Offshore

Luxembourg pushes DAC6 legislation forward by laying out mandatory disclosure guidelines for tax harmful cross-border arrangements

DAC6 concerns all EU member states and must be enacted by 31st December 2019

CIMA Publishes Regulatory Policy on Licensing Requirements for Class C Insurance Companies

The Regulatory Policy will be applied by CIMA in addition to the relevant provisions of the Insurance Law, 2010

Isle of Man investment platform receives banking licence

It will offer services to HNWs and corporate clients with at least £500,000 in assets

$500 Billion in Dividends out of the Double Irish with a Dutch twist (with a bit of Help from Bermuda)

The offshore profits of a lot of U.S. companies were, so to speak, summering in Ireland and wintering in Bermuda.*

Accountant fined, banned for four years for rules breach

From 2012 to 2016 he incorporated 12 Guernsey-registered companies, but he used the licensee registration of his employer, including online log-in details, in order to carry out those activities.

The Central Bank of Ireland Highlights Liquidity Management Obligations

This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.

Aon advises HSBC Bermuda on longevity swap

A multi-disciplinary team from Aon helped with the establishment and licensing of the new captive solution

Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar

This publication sets out the proposed amendments to UK legislation related to financial services passporting rights between the UK and Gibraltar, to be laid under the EU (Withdrawal) Act.

Estera Launches Economic Substance Solutions

The portal and guide will be used by Estera clients to help establish how their entities are impacted by the new economic substance regulations.

HSBC backs programme for single mothers

Ten women will take part in a pilot Transformational Support Services programme focused on education, life skills and employability training next month.

Globex and Antiguan Government Sign MOU to Launch Government-Bank Backed Digital Securities Marketplace

Goal to Make Antigua the Global Digital Securities Powerhouse with a Dollarized Exchange and Fiat Banking

Law firm register established

Registering all lawyers is just one of many developments in the offshore sector

ABN Amro flags possible money laundering fines in latest blow to shares

The results are a side issue here”, KBC Securities analyst Jason Kalamboussis said, highlighting potential money laundering fines and further fallout from the investigations.

BVI amends Beneficial Ownership Secure Search system to avoid blacklist

In January, the BOSSs Act was amended to work alongside the Economic Substance Companies and Limited Partnership (Amendment) Act of 2018.

Chief Justice Of The Cayman Islands Confirms And Expands Upon The 'Standard Directions' In Section 238 Proceedings

Ogier represented a group of dissenters comprising over 82% of the total dissenters by number of shares

Firm Foundations by Joe Moynihan

There’s no doubt that the Jersey Foundation has been a clear success, receiving a strong take-up over the past decade as an asset holding vehicle for people and corporate bodies.

Malta must send strong signal against financial crime - top US official

Financial crime, citizenship sale have the US worried

Private bank fined $10.6m over tax evasion charges

Had around 100 US clients with almost $200m in assets at its peak, with most of the accounts being in the names of nominee entities.

New mandatory disclosure rules – Directive 2018/822/EU

A number of challenges may arise under the new reporting obligations and determining whether there is a reportable cross border arrangement raises complex technical and procedural issues for taxpayers and intermediaries.

MIFID II – What's Next for Regulation?

And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.

Regulation, Risk & Compliance