Managers of Wealth Offshore

New digital asset exchange gets provisional licence on Bermuda

The company pointed out that Bermuda is widely considered a world-leading offshore regulatory jurisdiction and is home to one of the largest reinsurance markets in the world.

A solution to an unusual predicament

The first of these conditions is that the laws of the jurisdiction outside the Virgin Islands permit the continuation and the company has complied with those laws.

Gibraltar chief says UK must revoke Article 50 to 'take back control'

If MPs do not support the withdrawal agreement then parliament has already said no deal should be taken off the table.

UK to encourage Crown Dependencies to introduce public registers voluntarily

"The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.

Spain and UK sign tax agreement on Gibraltar

The new agreement should help potentially affected taxpayers, such as cross-border workers and businesses with interests in both territories, structure their affairs and regularize their positions going forward.

Activities requiring Data Protection Impact Assessment under Luxembourg law

The list put forward by the CNPD does not consist of a comprehensive list of processing operations outside of which a DPIA would not be necessary

Global banks shrink capital shortfalls under Basel rules

After heavy industry lobbying, those rules were reworked in January

Major risks found in Cayman’s finance sector

It also found that Cayman authorities have failed to prosecute any serious money laundering cases

New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively

To assist policy makers in assessing different implementation options, the toolkit contains policy considerations that Global Forum members can use in implementing the legal and supervisory frameworks to identify, collect and maintain the necessary benef

Offshore tax evasion clampdown produces 5.67m financial records

The crackdown on tax avoidance and evasion by individuals with offshore financial interests has resulted in over three million reports from overseas tax authorities to HMRC about UK residents holding funds offshore as a result of data generated through th

Jersey substance proposals – the Banking and Finance perspective

Following approval of the Law, further Guidance Notes about the practical implications of the Law are expected shortly.

Fund migration boosts Guernsey’s standing in LSE listings

Carey Olsen advises more LSE-listed clients than any other offshore law firm.

Appleby Bermuda partner joins industry experts to speak on captive insurance panel in New York

Gary will be participating in the panel entitled ‘Captive Insurance: Your Company’s Risk-Management Advantage’.

Cayman's Economic Substance Law

The Law sets out requirements applicable to in-scope Cayman Islands entities

Money laundering report finds ‘major deficiencies’ in Cayman

The regional affiliate of the Financial Action Task Force, the global standard-setting body in anti-money laundering, found that the risk assessment provided a “fair level” of understanding.

DB schemes urged to consider Guernsey for captive-based solutions

Guernsey’s pedigree in pensions began in longevity de-risking due to it being increasingly affordable and providing access to the reinsurance market

Labuan Financial Services Authority and China Banking and Insurance Regulatory Commission commit to greater regulatory co-operation and collaboration

The MoU provides the platform for Labuan FSA and CBIRC to enhance the regulatory and supervisory oversight of cross border branches and subsidiaries of China and Labuan based banks and insurance entities.

Regulation, Risk & Compliance