Managers of Wealth Offshore

The Bahamas - The clear choice for int'l financial services

International financial centres such as The Bahamas play an important role in the global economy.

GDPR One Year On: End of Transitional Provisions and Likely Future Developments in the Isle of Man

Now that the transitional period has come to an end, controllers may only rely on consent which complies with the GDPR

BoE tells bank boards to take responsibility for machine failings

Bank board members will have to pay increasingly close attention to functions which are being automated and no longer carried out by individuals, including anti-money laundering checks, a senior Bank of England official said on Tuesday.

Singapore’s vulnerabilities as financial hub

Singapore’s strategic location is undoubtedly one reason for its current prosperity.

IL&FS Money Laundering Case: ED Summons Senior Executives of Deloitte

The move comes after the ministry of corporate affairs launched a prosecution against Deloitte Haskins and Sells as well as BSR and Associates LLP and their former auditors for their alleged role in perpetuating the fraud at IFIN, a subsidiary of IL&F

Foundation Companies: The Future Of FinTech?

The legislators responsible for drafting the Law certainly did not have the FinTech sector in mind when they were designing the FC.

The offshore opportunities in creating a trust

The following will therefore depend on onshore advice.

Managed Portfolio Indices Usage Surges

The MPI service, which is free to use for STEP Members members and professional advisers, became independent from Enhance Group Limited in 2018.

EBA raises 'serious concerns' over Malta's financial regulator

In 2018, the EU's banking watchdog started an preliminary inquiry into the MFSA and the Financial Intelligence Analysis Unit

Insolvency roundtable on legislative reform a great success

Opening the conference with welcoming remarks was Tiphaney Russell of Deloitte & Touche and the moderator of the round table was Sophia Rolle-Kapousouzoglou of Lennox Paton, both RISA members.

Mission to promote islands financial brand

The Isle of Man is a stable, strong and secure environment coupled with a pride in the high levels of service it provides through its well established and reputable financial services businesses.

Award For Consumer Finance Outreach

The Awards, presented by TV personality Chris Hollins, were held in the newly renovated Painted Hall in the Royal Naval College in London.

Automatic exchange of information: What’s in it for the Philippines?

AEOI was conceptualized to promote tax transparency and curb tax evasion.

Sandpiper lists on TISE

Sandpiper has also entered TISE’s Channel Islands market segment, which is dedicated to trading companies operating from Guernsey or Jersey which issue equity that is listed on the Exchange.

European banking regulator worried about MFSA supervision

FIAU providing ‘regular updates’

Termination of Guernsey Discretionary Trusts

This case confirms that Section 53(3) of the Trusts Law creates a separate statutory mechanism in Guernsey

International Reporting Standards Tighten The Noose On Family Office Offshore Investments

The federal law also requires all U.S. citizens to self-report their non-U.S. financial assets annually to the Internal Revenue Service.

Financial Services Ministry Rejects Corporate Tax Haven index Ranking

It should also be noted that Cayman maintains a high level of international tax cooperation, which has been recognised and acknowledged by foreign competent authorities

Luxembourg imposes reporting requirements regarding blacklisted countries

The file should be kept at the registered office of the company and must be made available on request to the tax authorities as part of a review of the tax return or an on-site inspection.

Barbados Clashes With Creditors in Talks to Cut Greece-Like Debt

While both sides said they are open to continued negotiation, they appear far from consensus.

Regulation, Risk & Compliance