Managers of Wealth Offshore

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.

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

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

Reasons for entrepreneurs to consider setting up an offshore business

Access to opportunities rather than tax efficiency is the guiding principle.

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

SKN Leads the Way in Global CBI Schemes

Two-island nation St. Kitts and Nevis introduced its CIP program in 1984.

Guernsey substance status “a huge advantage”

Ms Rowlands was recently involved in a redomiciliation of a fund from Delaware to Guernsey.

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.

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.

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.

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.

EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

EU blacklist to shrink to nine, including three U.S. territories

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.

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.

KRA can’t trace Sh800bn wired from offshore banks

About 3,403 applicants took advantage of the three-year amnesty window to repatriate the billions tax-free in a period when they were not required to declare the source of their wealth or even account for previous years’ tax arrears.

Money Talks: Scores of US Expats Giving Up Passports for this Reason

FATCA reporting is a complex issue, and involves specific financial institutions having to report details of financial accounts held by US persons

ECB's Enria urges Malta to tighten checks on banks

Last year, the ECB shut down Malta-based international lender Pilatus Bank after its chairman was charged in the United States over money laundering and fraud

Finance Industry Helping to Drive Jersey’s Economic Growth

The ‘Measuring Jersey’s Economy’ report, published by Statistics Jersey, outlines changes in the size and performance of Jersey’s economy as a whole in 2018

Cayman to make names of directors available for inspection

Each search will cost $50 and will only reveal the names of a company's directors but no further personal details.

Claim Brexit is about concealing offshore accounts is baseless

Broadly, the new directive is intended to prevent corporate tax avoidance practices, and has been planned since 2015.

Regulation, Risk & Compliance