Managers of Wealth Offshore

Future of work summit puts Guernsey on the global stage

The event will focus on how to maximise productivity in the workforce as technology develops, as well as understanding the changing face of the workplace and workforce.

Optimism that amendments to Act will satisfy EU requirements

McCartney said the government was indeed active in fine-tuning the amendments.

Pm Urged: ‘Get Offensive’ To Reclaim Local Economy

He argued that the domestic sector, operating solely in Bahamian dollars, was of little to no use to money launderers and other financial criminals

Govt In Late Anti-Blacklist Law Changes

It thus appears that the EU was dissatisfied with parts of the Act passed in early December 2018, and that The Bahamas was in danger of being re-blacklisted if it failed to adjust the legislation to its satisfaction.

Recent IRS Interim Guidance Provides That It Is Not Too Late For Your Willful Clients To Voluntarily Disclose Their Offshore Accounts, But Penalties Abound

As all good things seem to come to an end, in late September 2018 the OVDP sunsetted.

Government signs deal with small business group

The Small Business Association has been a champion for small business owners and I am proud to support the association in its efforts to assist small businesses.

EU Dirty Money Blacklist Released: Cayman Escapes, Bahamas & USVI Flagged

This blacklist is only one of a number of assessments the jurisdiction and other countries are facing.

Chief Minister outlines Brexit priorities in Westminster

The Minister for External Relations and I will continue to meet with colleagues in Westminster to ensure that this positive dialogue continues.”

Freeport Accused of Shadiness, says it surpasses EU rules

Luxembourg faces competition from larger freeports inside the EU, such as those in Barcelona and Shannon, and outside the bloc, like those in Geneva and Singapore.

Cayman Islands: Pensions Department chastised for its poor record keeping

The Department of Labour and Pensions initially refused the entire request, and later made some records available during the appeal process.

Economic substance requirements in Bermuda, the British Virgin Islands and the Cayman Islands

The legislation was introduced in response to concerns expressed by the Council of the European Union about the absence of clear general legal substance requirements for entities doing business in and through these jurisdictions.

Proof of debt appeals: The Court's approach to a challenge to an Official Liquidator's adjudication

Unusually for a proof of debt appeal, the appeal proceedings were ongoing for around 18 months

The Cayman Courts: Respected and robust

One of the ways in which these provisions operate is that, if foreign matrimonial proceedings seek to encroach on the administration of a Cayman trust, the trustee of that trust is protected in many respects.

Commentary — VI lawyer blasts EU threats

We are now in a world dominated by knee-jerk reactions and disproportionate responses.

Caribbean citizenship dreams in jeopardy?

Allegations of fraud fly thick as hundreds of applicants from GCC seek second passports

Aleema Khan deposits 25pc of tax: FBR chairman

Talking to journalists, the FBR chairman said that Aleema Khan had assured to submit the remaining amount of tax in installments.

An offer too good to refuse?

Not unexpectedly, three issues that attracted the greatest concern were offshore accounts, acceptance in good faith by revenue and additional information from third parties.

1MDB hunt spells trouble for Big Four auditors

Asian Strategy and Leadership Institute’s Centre for Public Policy Studies chairman Tan Sri Dr Ramon Navaratnam said Malaysia should go “all out” to make those who had conspired in 1MDB accountable.

Denise Voss, the American helping Luxembourg run its money

Alfi chair says Brexit is mostly ‘lose-lose’ not least because UK has been an EU ally

Offshore Tax Haven To Ease Cannabis Laws (Isle of Man, In Case You Were Wondering)

Multiple consultations are being launched over the next six weeks; one will ask if access to cannabis for medicinal purposes should be widened.

Regulation, Risk & Compliance