Managers of Wealth Offshore

Rietumu Banka hit with heavy fine over laundering scheme in France

The defendants organized large-scale tax evasion through offshore companies located in tax havens.

Collapsed Premier Group loses out on £39m debt payment

Joint administrators Duff & Phelps are seeking a 12 month extension for them to conclude a claim by non-preferential creditors.

Indonesia, Switzerland to Exchange Financial Data in 2019

Indonesia managed to make more than 900,000 taxpayers declare their previously unreported assets during he government's nine-month tax amnesty program.

Jersey Chief Minister welcomes enhanced beneficial ownership information exchange

The main objective of the Exchange of Notes has been to enhance the timely sharing of information between Jersey and the UK

New reporting rules to increase burden on thousands of trusts

Advisers warn trustees will need to give HMRC details of assets

Abolition Of Reverse Discrimination Korean Government to Take Stern Action on Global IT Giants

The targets of the bill include global IT giants as well as their South Korean counterparts like Naver.

Accountants 'Grapple' With Whistleblower Obligations

These requirements have serious implications for how some of your businesses will survive.

Secretive owners of Scottish 'tax haven' firms to be revealed

It should mean that the shadowy owners of Scottish shell companies may finally be exposed.

Cayman Islands: AEOI Portal Update

The AEOI Portal is now open and available for CRS Reporting.

Bermuda: CRS regulations, guidance notes issued and portal open - Deloitte

The Ministry of Finance signed the OECD’s multilateral competent authority agreement on 29 October 2014 to become a member of the “early adopters group” for the CRS, meaning that the group will begin exchanging CRS information with partn

Bermuda under EU blacklist threat, claims Richards

Bermudians should regard this Code of Conduct Group as the ‘EU Blacklist Group

Edmond de Rothschild fined for alleged involvement in 1MDB scandal

The affair, however, is mentioned in the annual report published in June.

Regulators Tighten Up Rules For QROPS Advisors

HMRC has scrutnised QROPS pensions to make sure they are compliant with UK rules and are not pension liberation schemes.

Turks and Caicos working to introduce biometric surveillance legislation

The law will also determine the legality of using the technology in the financial sector.

Deutsche Bank pullout is 'Malta dimension of global issue' - minister

No connection with recent controversies

Guernsey regulator fines and bans directors for incompetence

Capital Solutions Limited failed to organise and control its internal affairs in a reasonable manner

Barbados Adhering to Global Financial Standards

The Barbados International Business Association and the Barbados Chamber of Commerce and Industry hosted the breakfast meeting at the Lloyd Erskine Sandiford Conference Centre.

CRS in Cayman - Ensuring Compliance

It is expected that CRS will be enforced in Cayman in a disciplined and systematic manner.

Regulator questions UK pension providers on use of offshore reinsurance

The concern lies in pension liabilities being transferred overseas

Island signs up to limit tax evasion by multinationals

Jersey became a BEPS associate and member of the BEPS inclusive framework at its inaugural meeting on 16 June 2016.

Regulation, Risk & Compliance