Managers of Wealth Offshore

Tax Evasion, Money Laundering and the CRA’s use of the ‘proceeds-of-crime’ method of collection – A Canadian Tax Lawyer Analysis

This tax planning, when done in the cleverest of ways, requires considerable time, effort and intellect.

ATO calls out 'reckless and false' legal privilege claims in tax avoidance cases

ATO officials told Parliament the agency is aware of particular tax advisers marketing aggressive tax planning arrangements

Britain’s offshore tax havens allowed to mint lookalike pound coins

Chancellor Philip Hammond reckons the two-metal, 12-sided £1 coin introduced two years ago will give British overseas territories an edge in the fight with forgers

Gov't. Says Dutch Blacklist "Unjustified"

Cayman’s government said it will continue its commitment to adhering to global standards.

Bahamas reforms financial sector

By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services industry and ensure that the country’s second economic pillar remains vibrant over the m

Revised Bermuda Solvency Capital Requirement rules now in force

Among the new changes, the BMA said the current duration-based approach for interest rate and liquidity risk will remain unchanged at this stage

EU and UK pile pressure on financial services industry

Under the proposed legislation, companies active in the relevant fields will pass the economic substance test

The Current Status of AEOI CRS in Hong Kong and the known developments in 2019 And 2020

The OECD has not provided final guidance regarding RBI schemes.

India to get info on account holders in Swiss banks from 2019: Govt

From 2019, India will receive on automatic basis, information in respect of financial accounts held by Indian residents in Switzerland.

Appleby considers JFSC codes of practice proposals

Open for responses until 7 January 2019

Jersey Finance draws up plans to open New York office

As the uplift in business flow from the US is expected to increase in the future, Jersey is well-placed to play a vital role for US investors as a gateway to Europe - working with this market could bring clear benefits for all.

Romania’s new tax regime jeopardises regional investment

The country’s sudden introduction of unfavourable fiscal terms risks derailing the BRUA pipeline and regional projects that plan to rely on it as an export route

The International Stock Exchange: Continuing Obligations - Debt Securities

It is a condition of listing that an issuer executes a listing undertaking to comply with the Listing Rules and, in particular, with all relevant continuing obligations.

Economic substance requirements in the British Virgin Islands

As a result of this engagement, the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act), has been enacted, coming into force on 1 January 2019.

The Cabinet has Extended the “BLACK LIST” offshore zones

“The decision will allow to more effectively prevent and counteract the legalization (laundering) of incomes obtained in a criminal way and financing of terrorism and proliferation of weapons of mass destruction”, – noted in the Ministry

NIA amends Offshore Financial Services Sector legislation

Brantley used the opportunity to give some detail of the new legislation that would be used to repeal the parent legislation.

International financial centres crucial to fintech regulation

Offshore business has grown swiftly since the 1960s. Today, international financial centres are a critical part of the global economy, providing a space for new industries to thrive

Imf Helps Bahamas Boost Economic Data Transparency

The Central Bank, in its own statement, said the NSDP launch had resulted from collaboration between the Government’s key agencies, and would allow the public to “obtain key reports and data on the economy from one location”.

Mounting Pressure on Central Banks

The Swiss government doesn't normally comment central bank policy.

Bermuda Financial Regulator Rolled Out Cryptocurrency Custody Rules

The Code published today seeks to protect the public and to clarify the Authority’s expectations in terms of the custody of digital assets.

Regulation, Risk & Compliance