Managers of Wealth Offshore

Gibralter Fines WaveCrest Prepaid Crypto Card Company $315 000 for AML/CFT Failings

The company subsequently ran afoul of Gibraltar financial authorities and has now settled.

MIIPA: Malta sets new citizenship by investment standard

At the Malta Individual Investor Programme Agency, we believe success stems from a combination of proactiveness, timeliness and determination.

AXIS extends CEO Benchimol's contract to 2023

Benchimol assumed the CEO role in May 2012 and has served as a director since January 2012.

Local providers preparing for new substance requirements

Companies that are in scope will have to demonstrate for substance purposes that, in relation to ‘relevant activities’, they are directed and managed in Guernsey

Guernsey lawyers contribute to authoritative US journal

Its contents were first presented at a symposium organised by the journal to discuss the future of discovery in the United States.

‘Excessive disclosure’: how an incoming SEC rule could overwhelm US offshore

As a legal specialist with over 25 years’ experience in cross-border regulation, one of the key things that struck me about the regulation was how difficult it might be to apply it to cross-border investments.

Bahamas government assures that FOIA will be implemented

“There are a lot of agencies and different areas that have to be put in place,” he added.

Israel Admitted to Global Anti-Money Laundering Organization

Israel’s accession to the 38-member international anti-money laundering body marks a notable turnaround from 2002, when it was still on the FATF’s blacklist of tax havens.

Guernsey Finance prepares to update industry on progress

Last year’s update was our most comprehensive yet and the response was excellent, with our highest-ever attendance by some distance.

Jersey passes Brexit contingency plan laws

Legislation means the channel island avoids inclusion in the EU blacklist for tax havens

Seychelles' offshore system to remain confidential

Afif said that the companies responsible for the registration of the offshore companies had already sounded the alarm by explaining the losses it could have for Seychelles, an archipelago in the western Indian Ocean.

The United Kingdom's measures to combat money laundering and terrorist financing

The UK is the largest financial services provider in the world.

States passes new laws in readiness for Brexit

It also ensures that those substance requirements can be monitored and enforced.

The Cayman Islands: An Extender of Value to the UK

Cayman Finance submission to the UK Parliament’s Foreign Affairs Committee ‘Future of the UK Overseas Territories Inquiry’

CIBC FirstCaribbean Takes The Lead On Key Development Discussions At Major Conference

Financial institution discusses trends related to monetary and climate resilient infrastructure.

Government proposes substance tests for offshore businesses

The new legislation comes in response to the threat of a blacklisting by the European Union as part of the EU’s process of assessing whether countries are deemed cooperative or uncooperative in tax matters.

Barbados: IBC and ISRL regimes to be abolished and no new licenses to be granted

The amendments to Barbados’ preferential tax regimes are part of the government’s continued response to action 5 of the OECD BEPS project.

Appointment of AML Officers to Cayman Islands Investment Entities - Update - December 2018

It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.

BAHAMAS: Parliamentarians pass compendium of bills

Passage brings The Bahamas in full compliance with EU tax standards

Comparative legal guide to Cayman Islands: Fintech

A foreign registered company and/or ordinary non-resident company doing business within the Cayman Islands will need to be licensed under the LCCL and the TBL

Regulation, Risk & Compliance