Managers of Wealth Offshore

Redemptions from Fraudulent Investment Funds

The first decision of the Privy Council on redemption from an investment fund was not a fraud case, but arose out of the global financial crisis.

Consultation Papers on Proposals to Create a Single Fiduciary Handbook and Revise Pension Rules

The Consultation Papers may also be of relevance to other industry participants, service providers and other interested parties.

The Advantages of Opening a Business in the Cayman Islands

Although the country is considered a tax haven, this jurisdiction provides a high level of trust as it follows international tax regulations.

Discussion Paper on Green Insurance in Guernsey

The Statement illustrates the Commission’s continuing commitment to the green agenda.

Guernsey releases Q2 investment fund data

This represents an increase of £4.1 billion (9.4%) in the past year.

CSSF ‘Brexit licence’ deadline looms

The Commission de Surveillance du Secteur Financier (CSSF) warned that unless firms submitted a notification to them by the deadline, they would be considered as ‘third-country entities’.

Guernsey consults on limited liability companies

There has been commercial interest in Guernsey in introducing LLC legislation to enhance the island’s competitive position, particularly in attracting international finance business from the US.

ECCB approves Republic Bank’s application to acquire Scotiabank’s operations in most ECCB member countries

Citizens and residents in ECCB member countries are encouraged to stay abreast of developments in the financial sector.

MALTA: Tackling financial crime

Can a financial crime agency resolve the prosecution bottleneck on money laundering and tax evasion?

Luxembourg considers tougher rules on fund liquidity

Financial watchdog has been consulting privately with asset managers following high-profile fund suspensions

Guernsey considers introduction of limited liability companies

The island’s government, the States of Guernsey, has launched a consultation exercise, as it considers following many other international financial centre jurisdictions in introducing LLCs.

First tranche of data from Swiss banks can unearth hidden wealth

Regulatory and government officials said the special focus of the analysis of the Swiss bank data could be on identifying people with political links

CSSF’s eDesk portal available for the mandatory notification in the context of Brexit

Any date indicated in the Brexit Notification forms is based on the assumption of a no-deal Brexit occurring on 31 October 2019.

India and Switzerland to share bank accounts data

Information on Indians with Swiss bank accounts will be disclosed for the first time

Cayman Islands Government Pass Legislative Amendments to Address CFATF Report

The Cayman Islands Government has passed a number of minor legislative amendments which implement recommendations arising from the Caribbean Financial Action Task Force's Mutual Evaluation Report.

Financial services firms in Malta to be put on notice

As regulator looks to mimic the UK’s financial crime agency

Luxembourg regulator issues Brexit notification to UK firms

Following the 15 September deadline, firms authorised under both Ucits and AIFM will then have until 31 October 2019 to submit to the CSSF either the corresponding application for authorisation, the corresponding notification or information or any action

Regulation, Risk & Compliance