Managers of Wealth Offshore

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.

Leonard Curtis opens offshore office in Guernsey

Restructuring specialist Leonard Curtis Business Solutions Group has opened its first offshore office in the Channel Island of Guernsey to provide specialist insolvency services and asset protection

Guidance on economic substance rules proving challenging

Guernsey, Jersey and the Isle of Man were the first to release draft “Economic Substance Requirement” legislation and worked closely together to ensure a uniform approach to implementation, which was effective from 1 January 2019.

Bank's Aims Mirror Our Own Goals, Insists Johnson

Regarding The Bahamas’ hosting duties for the 50th annual conference, Mr Johnson noted it’s been tradition for The Bahamas to host the conference every ten years.

Guernsey praised by FBI for tackling financial crime

FBI praises island in fight against financial crimeFBI praises island in fight against financial crime

Leonard Curtis opens offshore office in Guernsey

It’s the professional services group’s 18th location and first offshore office.

Number of suspicious activity reports increased in 2018

The mutual evaluation report of the Caribbean Financial Action Task Force heavily criticised the Financial Reporting Authority, stating it did not have the tools to assist investigative authorities in the identification of cases.

Confidentiality in issuing Cayman Islands proceedings

The decision came following an application for directions in connection with the withdrawal of an application for leave.

Video interview with Tanya McCartney, CEO of the Bahamas Financial Services Board

CEO of The Bahamas Financial Services Board as she introduces some of the highlights

Bermuda was one of two domiciles to respond to Butler University captive

Butler University first established a presence in Bermuda in 2017 when it became what was believed to be the first student-run captive insurance company.

OECD Program Uncovers €4.9 Trillion in Offshore Holdings

The OECD, which has led the effort on behalf of the G20, said Friday that the widespread adoption of its exchange-of-information (EOI) initiative had led to an estimated 500,000 individuals disclosing offshore assets to their domestic tax authorities for

Guyana, other Caribbean countries anti-corruption bodies want harmonised rules, legislation

They resolved to “assist with the creation of standard written operating procedures for the investigation of acts of corruption.”

Company part-owned by Jared Kushner got $90m from unknown offshore investors since 2017

Overseas investment flowed to Cadre while Trump’s son-in-law works as US envoy, raising conflict of interest questions

Caribbean anti-corruption bodies agree measures to bolster work

Guyana’s Integrity Commission attended

Mauritius: an emerging jurisdiction for ship registration

Mauritius has the infrastructure and incentives to be an alternative jurisdiction of choice

Millions Siphoned From Offshore Pension Fund

In 2012, the Ethical Forestry directors transferred their own pensions into a tax planning scheme.

EU reviews Deutsche Bank, SocGen in screening of past money-laundering cases

Under the plan, the European Commission is assessing cases between 2012 and 2018 with the aim of producing a report this summer that identifies the factors that contributed to the banks’ failure in preventing financial crime.

Guernsey Stock Exchange disputes FCA account over Woodford

The International Stock Exchange Authority only has a remit for certain securities listed on TISE where the LF Woodford Equity Income Fund is an investor.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the

Regulation, Risk & Compliance