Managers of Wealth Offshore

Jersey partners with Bahrain on digital innovation

"Today is a landmark day in the story of Jersey's growing and thriving tech sector.

Germany so far has 150 tax evasion cases stemming from Panama Papers

The so-called Panama Papers, released in spring 2016, stemmed from the offices of the Panamanian legal firm Mossack Fonseca and detailed a complex web of offshore dealings by wealthy individuals, politicians and celebrities around the world.

Cayman Funds – how to prepare for the Data Protection Law

Drafted around a set of internationally recognised privacy principles, the new law provides a framework of rights and duties designed to give individuals greater control over their personal data

Guernsey funds association rebrands

GIFA’s new Chairman Christopher Jehan said the new name better reflected the firms and individuals GIFA now represents following the merger.

Public registers showdown can be avoided

The Bermuda Government has opposed that ever since, on the grounds that if other countries are not required to do it, it would cause the island economic damage.

Jersey and Bahrain sign digital innovation agreement

The agreement will see Jersey and Bahrain working to promote the benefits of businesses operating in each other’s locations, further collaboration of women in the sector, and an opportunity for members of Digital Jersey and Bahrain FinTech Bay to us

The future of reverse solicitation in the EU in the context of the AIFMD

This flexibility allows promoters to avoid launching projects which would not find favour with investors with the consequent advantage of saving costs and time.

Jersey's regulator gets top ratings under new standards

The evaluation made a small number of recommendations to improve the JFSC's existing practices, some of which the regulator has already acted upon or is in the process of doing so.

Bermuda's beneficial ownership registers now in full operation

Beneficial owners are any individual or individuals who directly or indirectly own or control more than 25% of the shares, voting rights or interests in a company or who control a company by other means.

Jersey tax alert Guidance on economic substance legislation released

The Jersey authorities also have released additional guidance on the information in relation to economic substance to be disclosed in the Jersey corporate tax return for 2019 and subsequent years.

BVI: Draft Economic Substance Code released

The Code provides important clarifications regarding the implementation of the new economic substance rules in the BVI

Human error remains biggest risk in data protection locally

The Bailiwick’s Data Protection Commissioner, Emma Martins, commented on the trends observed in thenature of the breaches reported.

Guidance on Aspects in Relation to the Economic- Substance Requirements as Issued by Guernsey, Isle of Man and Jersey

The guidance is principles based and therefore, cannot cover specific scenarios and will not replace the need to take independent professional advice.

CFATF anti-money laundering requirements to cost Cayman millions

Estimates have not been publicly made about how much CFATF-mandated reforms will cost, but the number is in the millions.

GIFA announce brand refresh with new name and modernised logo

During the development of GIFA’s refreshed brand identity, we set out to retain the heritage of the association while modernising the look and feel.”

Answering the call to combat financial fraud

For the purveyors of technology-assisted financial crimes, identity, account access, and payment data are the golden keys that open the door to these organizations’ proverbial bank vaults.

How Guernsey is part of the British financial services family

For 20 years, Guernsey has been at the forefront of developing and meeting evolving global regulatory standards.

$7.8m Caught In Payment Frauds

This is then copied on to a blank card’s magnetic strip, enabling thieves to steal a person’s identity and make purchases or withdraw cash in the actual account holder’s name.

Substance is key for family offices

The independent research, commissioned by Guernsey Finance and carried out by consultancy Gibson Strategy in February and March this year, interviewed family offices, high net worth families and corporate service providers.

Jersey regulator proposes fee changes for registry services

The recommended fee increases are said to be broadly in line with inflation and the decreases will eventually lead to some registry services being offered free of charge,

Regulation, Risk & Compliance