Managers of Wealth Offshore

European Banking Regulators Call for Unity in Crypto Regulations

EBA decried the lack of uniformity in crypto laws

UK government delays British Overseas Territories' deadline for public ownership

Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.

Bermuda's Economic Substance Legislation Becomes Operative

The Declaration will require the disclosure of certain key information applicable to an analysis of substance requirements

Scotia principals meet with workers’ representatives today

Officials from Scotiabank were expected to hold similar discussions with Prime Minister Gaston Browne.

EU expects Bermuda to get tough on substance

New companies will be subject to the ESA rules immediately.

T&C Premier applauds Gov’t successes

We will continue to resource the Labour Department so that they can even more effectively carry out their jobs.

Intertrust simplifies organisational structure to support its transformation strategy

he new structure will be reflected in the composition of the Company's Executive Committee, with immediate effect.

It’s Getting Foggy Out There by Gary Dugan

UK also faces the prospect of freezing over as the North Pole sees temperatures rise

Hong Kong SFC fines Bermuda-registered life insurer over regulatory breaches

FWD Life is a direct underwriter of long term life insurance and is registered in Bermuda, but is based in Hong Kong.

Belize signs landmark agreement to strengthen its tax treaties and Monaco deposits

The Convention is the first multilateral treaty of its kind, allowing jurisdictions to integrate results from the OECD/G20 BEPS Project into their existing networks of bilateral tax treaties.

Indonesia Plans Investment Tools to Keep Amnesty Funds Onshore

Lock-in for funds reptraiated under amnesty will end in March

OECD, SARS and National Treasury continue partnership to strengthen tax co-operation

The MoC is in place until December 2023.

Appleby advise on Santander banking transfer in Jersey and Isle of Man

The Jersey team consisted of Partners Wendy Benjamin, Michael Cushing, David Dorgan, Tim Hart, and Richard Sheldon, supported by Senior Associate Gemma Whale, Associate Dilly Wright and Paralegal Angharad Prescott.

Cayman Finance calls Dutch blacklisting of Cayman Islands ‘unusual’

The organization said in a press release it was important to note that the Cayman Islands does not have double taxation treaties and therefore did not pose the risk of aggressive tax avoidance.

Collas Crill assists in scheme migration

Collas Crill worked with the GFSC, Peregrine Guernsey and Bermudian counsel to ensure a smooth transition from Bermuda into Guernsey and simultaneous approval of the funds' regulated status with the GFSC.

Premier travels to United States and Europe to discuss new legislation

The delegation will outline the steps taken by the Cayman Islands to meet EU requirements

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

OECD reps appear to give thumbs up to Cayman

The Cayman government recently passed new legislation to meet the ever-changing international regulatory landscape to ensure that the jurisdiction avoids the European Union’s blacklist.

Jersey no longer a safe haven for dormant shell companies

Such front entities are floated by service providers in Jersey who do the paperwork to register the firm and hire locals willing to lend their names as directors.

Dolfin receives Maltese investment services licence upgrade

It allows us to operate to our full capacity, integrate into the trading community and build relationships with other members on the MSE.

Regulation, Risk & Compliance