Managers of Wealth Offshore

Bermuda seeks opportunities in Canada

Among the Canadian captives being formed in Bermuda could be the first to manage cannabis-related risks, with the drug having been legalised in Canada.

The First 100 Days and Teamwork by Joe Moynihan

This feedback gave me clear ideas on how Jersey Finance can improve engagement with our diverse membership base.

Using Jersey Structures for UK Real Estate Acquisitions

Accordingly, for certain tax exempt investors in the UK or elsewhere this may be a very attractive option and allow a traditional tried and tested method of UK real estate holding to continue.

Economic substance requirements for Guernsey companies

The questions in this Guide should be considered to determine whether the substance test applies to a company and whether that test will be met.

Climate finance chief to visit Guernsey

The network is now 25-strong, with Tokyo and Beijing joining last month.

Guernsey’s a pillar of strength in the offshore wealth management sector

Guernsey has over 100 regulated trust companies providing the breadth and depth of expertise in the island to hold its own and provide international clients with a one-stop shop for wealth management.

ED moves NCLT to stop liquidation of Winsome Diamonds

The ED wants the liquidation to be halted as it is in the midst of establishing the money trail that led to an alleged loan fraud of $1.26 billion (around Rs 8,800 crore) by the company in 2013.

BMA Fines Estera Services (Bermuda) Limited

The Regulations have been in effect since 2009

JFSC updates AML/CFT Handbook

The JFSC says updates to the AML/CFT Handbooks for the legal sector, the accountancy sector and for estate agents and high value dealers will follow shortly.

Guidance on Private Trust Companies

Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000

Malta Stock Exchange Updates the Prospects MTF Rules

The DF Group comprises of DF Consultancy Services Limited, which is approved by the Malta Stock Exchange to act as Corporate Advisor to Prospects companies.

Cayman Islands: Death In Paradise by Robert Lindley and Wesley O’Brien

The rule applies to all forms of property (including shares and intangible property) irrespective of where the deceased died, where they resided during their lifetime, and whether or not they left a Will.

GFSC publishes Q1 investment statistics

In the closed-ended sector, the gearing level is lower, with gross asset values of £191.2bn (December 2018: £194.5bn) implying a gearing level of 9.3%.

Crown Dependencies publish guidance on economic substance legislation

At the end of April, the islands issued a joint guidance document which provided further clarification on the application of each CD’s economic substance legislation.

Expats in Cyprus targeted by unlicensed IFAs

Rogue IFAs usually target expats that have just arrived and have no investment experience, offering high-risk investments that they claim is safe.

OECD: almost nowhere for tax dodgers to hide

The OECD reported last week that more than 90 jurisdictions participating in a global transparency initiative under the OECD’s Common Reporting Standard since 2018 have now exchanged information on 47 million offshore accounts, with a total value of

Cayman drops 'excluded persons' regime

Attorney General Samuel Bulgin said the the characterisation of Cayman's ‘excluded persons' regime, which is now being eliminated, was another case of misperception.

OECD joins with Japan to fight financial crime by establishing new academy

The Memorandum of Understanding was signed by the Commissioner of Japan’s National Tax Agency Takeshi Fujii and OECD Secretary-General Angel Gurría.

TMID Editorial: Money laundering - FIAU deserves a chance

Up to this point, it had appeared that the FIAU was doing their job, and the police were failing to do their part in terms of acting upon the intelligence submitted by the FIAU.

How PFC get record $5 demand against $1 bn offshore bond sale

His is the largest such issuance after the ruling combine came back to power with a bigger majority.

Regulation, Risk & Compliance