Managers of Wealth Offshore

Understanding EU anti-money laundering law

This article highlights key aspects of the EU’s fourth and successive directives, which are an important part of Europe’s response to financial crime.

KPMG named a global market leader in Organization Strategy Consulting

KPMG’s Connected Enterprise framework is noted as driving ‘end-to-end business transformation’.

OECD releases latest results on preferential regimes

These results indicate the extent of continuing work to end harmful tax practices, and ensures that in the future all preferential regimes require real substance.

HMRC clarifies Qrops repayment rules

The taxman published two consultations this week on the process it uses for the repayment of this charge on Qualifying Recognised Overseas Pension Schemes.

Corporate America flees zero-tax Caribbean havens after crackdown

American corporations have used tax havens for years to avoid higher levies where they actually earn the income.

Islands respond to Brexit developments

In addition, Jersey’s Minister for External Relations has welcomed the UK Prime Minister’s statement on the Withdrawal Agreement.

UAE, Singapore among eight exemptions in IoM disclosure change

Singapore and the UAE, alongside Argentina, South Africa, the EU and Qatar, Hong Kong and the UK are exempt by the Isle of Man from providing Key Information Documents (Kids) to clients that would fully disclose all fees and charges directly related to in

Maples Delivers the First Cayman Islands DIP Finance Scheme of Arrangement

The Cayman Islands team was led by partner Caroline Moran and of counsel Nick Herrod, with associates Christian La-Roda Thomas and Ryan Hallett.

BVI Companies And Their Registered Agents: A Critical Relationship

"If at any time a company does not have a registered agent it shall forthwith, by resolution of members or directors, appoint a registered agent."

Golden visa programs the latest target of regulators

Investment migration schemes offer a fast track to citizenship or residency rights and for some countries they are a significant source of government revenues.

Trust services providers struggle with data protection legislation

To complicate matters, subjects access requests are frequently made as fishing expeditions to provide ammunition for potential litigation, trust professionals heard at the Mourant Trust and Private Client Conference in October.

Billions lost in cash crackdown on money laundering

In recent months, there have been stories of people who have closed their accounts rather than go through the hassle, while others had to endure the third degree from compliance officers.

Football’s super-rich play the game by their own rules

The Football Leaks revelations show how little the views of fans and regulators matter

France to hunt for tax cheats on social media

The idea is to identify potential frauds by analysing publicly-available data on individuals' social media accounts, Darmanin said, according to excerpts of the show to be broadcast on Sunday.

Central Bank Of Bahamas Deliberates About Regulatory Framework For Cryptocurrencies

The country’s government which is reportedly looking forward to using blockchain technology to get rid of corruption

Cyprus: New guidelines on shell companies improves anti-money laundering practices

Not defined as shell companies are holding companies of entities engaged in legitimate businesses and that have identifiable ultimate beneficial owners.

Regulators are taking a tough stance on golden visas

As demand for residency or citizenship in EU member states grows, the golden visa schemes are under intense scrutiny from regulators for making it too easy for organized crime figures, tax-evaders, and people whose wealth cannot be easily explained to ge

Regulation, Risk & Compliance