Managers of Wealth Offshore

Bermuda: Minor matter led to EU blacklisting

Bermuda and 12 others committed last year to addressing EU concerns about the economic substance of companies and entities doing business from their respective jurisdictions.

Macau | City stays off EU tax haven list

Macau has managed to stay off a tax haven list established by the European Union by complying with OECD standards

Island removed from tax 'grey list'

The Isle of Man, Channel Islands, Hong Kong and Switzerland were put on a list of jurisdictions not necessarily considered problematic, but which would have to meet 'specific commitments' on tax transparency.

EU adds ten more countries to the blacklist of tax havens including several British Overseas Territories

Those on the blacklist are allowing widespread tax evasion by corporations and individuals and did not meet EU deadlines for reform.

Depositaries and the No-Deal Brexit Scenario

Here, David Price, Depositary Services Manager at Estera Depositary (UK) Limited, explains what depositaries need to know in order to prepare.

Bermuda: Groups Committed To Working With Government

The EU has been requesting that nations and jurisdictions around the world adhere to tax and business practices they set as they seek to influence what they deem to be “tax good governance worldwide,” and earlier today

Bermuda bodies including ABIR, BDA and BIMA seek removal from EU tax blacklist

The Bermuda Premier David Burt responded by admitting being blacklisted was a “setback” but he added that he is also confident Bermuda will soon be removed from the blacklist.

Guernsey satisfies EU business substance requirements

“This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.

New MoU between JFSC and FCA will give managers added certainty and confidence, says JFA

Jersey Finance CEO, Joe Moynihan, says: “This MoU is a precautionary measure and should give managers using Jersey for their fund structuring added confidence."

EU Recognises Jersey as a Cooperative Jurisdiction

“The expectation is that, given the high professional standards and commitment to good corporate governance that already exists in Jersey, most companies will readily be able to demonstrate that they meet the new substance requirements.”

Guernsey confirms continuity of UK market access for funds post-Brexit

GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.

Q&A - New AIC Code and implications for LSE-listed offshore companies

The AIC Code is a framework of best practice in respect of the governance of investment companies.

Money laundering concerns justify Jersey intervention, say MPs

Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security

Cayman Islands: Greater Willpower – The Cayman Islands Enhances Its Wills Regime For Foreign Testators

Legal systems themselves can sometimes impose restrictions on its citizens concerning the disposal of property on death.

A binary future? How digitalisation might change banking by Andrea Enria

The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.

EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing

Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.

Guernsey satisfies EU business substance requirements

This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.

Country-by-country reporting guidance notes released

Affected companies are recommended to review the CbC reporting guidance notes in full and to understand the impact on their business.

Ireland does well on shadow economy policy

They are compliant and make their returns to the taxman.

Big banks including HSBC, Barclays and Bank of Ireland face £11bn bill for fuelling celebrity tax dodge schemes

In its annual report last month, HSBC admitted that the impact of legal claims against it, if successful, could be ‘significant’.

Regulation, Risk & Compliance