Managers of Wealth Offshore

How To Set-Up A Offshore Company In Switzerland

There are undoubtedly numbers of benefits people can get when they form an overseas company.

Guide to the Cayman Islands

New legislation covers a range of areas, from data protection (an increasingly complex area) to anti-money laundering and beneficial ownership.

Substance in Cayman: The Blacklist Deadline Looms [Brought to you by Carey Olsen Singapore]

These discussions, to ascertain which entities are deemed acceptable and what corresponding measures need to be put in place will have highlighted the complexities of such a task.

US anti-money-laundering bill could reappear early next year

Critics say the proposed law, which stalled following the US mid-term elections, would place an unnecessary burden on dealers

SBM Bank eyes HNIs, small biz for growth

Besides SBM Bank, Singapore-based DBS Bank is also converting its local branches into a wholly owned subsidiary

Mixed reactions to impact of economic substance legislation

However, Cayman Finance, the association representing financial services in Cayman, believes clients will have no problems adapting to the new rules and will take the changes “in their stride.

New IRS offshore amnesty regime imposes bigger penalties for secret accounts

The OVDP was initiated in 2009 and was designed to bring taxpayers with undisclosed foreign income, accounts and assets into US tax compliance.

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.

Regulation, Risk & Compliance