Managers of Wealth Offshore

Guernsey meets family office need for expertise and professionalism

“Jurisdictions like Guernsey, who can give a lot of support given their expertise in this sector, can become the main infrastructure for the family office,” she said.

UK dirty money plan stirs ‘policy capture’ debate

Banks avoid new criminal law, as government relies more on public-private model to fight money laundering.

British Virgin Islands - Update on substance rules for BVI companies and limited partnerships

Depending on the assessment, some BVI entities must establish economic substance in the BVI in order to comply with the requirements of the Act.

European reinsurers can claim capital credit from Guernsey reinsurers

There is no reason why the benefit of that reinsurance should not be recognised under the Solvency II capital calculation.

Growth in Ogier's dedicated Compliance and Take on Team as specialists step up to senior roles

The dedicated Take on Team has grown from six at the end of 2017 to a full complement of 20, supported by the firm's Service Innovation Team and process mapping experts.

Campbells successfully acts for the Defendants in the matter of Steven Goodman v Dawn Cummings and DMS Governance Ltd.

The Judgment is a vindication of DMS and Ms Cummings and serves as a useful reminder to those that seek to pursue vexatious claims against independent directors and professional fund governance companies in the Cayman Islands.

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.

Regulation, Risk & Compliance