Managers of Wealth Offshore

Changes in Cayman could impact hedge fund compliance

Approved jurisdictions include Canada, Hong Kong, Ireland, the United Kingdom and the United States.

Malta approves three blockchain bills at second reading

The MDIA Bill establishes the Malta Digital Innovation Authority (MDIA) and provides the necessary arrangements for the certification of technology and the registration of Technology Service Providers.

Sell out? Gov’t offering residency to rich investors

While answering questions from Opposition member Julian Fraser, Dr Smith said persons with independent means would include retirees with a net worth of $25 million or more.

Maldives government proposes local banks board member term reduction

Gemanafushi MP Jameel Usman proposed to reduce the board of directors term from four to three years.

Cyprus Securities and Exchange Commission regulatory priorities for the second half of 2018

CySEC’s principal objective for 2018 is to establish, monitor and sustain a healthy and stable environment for the securities industry. It has identified the following priority areas for the second half of the year:

How platforms can keep ahead of technology

With the restrictions on South Africans taking money offshore easing, the head of platform proposition and marketing sees platforms providing an important offering to locals looking to invest overseas.

International savings plans key to Jersey’s flexible future

The JPA is proposing that the current Tax Law is amended through the introduction of a new provision

Top Rbc Executive Says Bahamas' 'Mojo' Returns

RBC has added 18 jobs through the launch of its Client Advice Centre on New Providence, which was unveiled at its Carmichael Road branch last Wednesday.

Ottawa Implementing New Reporting Rules For Trust Funds

Trusts only have to reveal that they exist when they voluntarily file a tax return to the Canada Revenue Agency.

New Hong Kong Listing Regime for companies from emerging and innovative sectors

The above characteristics are neither exhaustive nor binding and the HKSE will take into account all relevant circumstances in accessing the applicant.

Virgin Islands government joins regional risk insurance pool

Montserrat also joined the facility on June 1, bringing the CCRIF’s jurisdictional pool up to 19 governments — 18 from around the Caribbean, as well as Nicaragua.

The Cayman Islands - A look at the key considerations around redomiciling

When the fund is re-domiciling into an EU member state, immediately the AIFMD or UCITS regimes are relevant.

Bermuda joins forces with islands to fight new register

The infrastructure has developed but they themselves are struggling to pay rent.

The 5th Anti-Money Laundering Directive and the art world

AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.

BAHAMAS: Digital currency to be introduced, says DPM

It is expected that these individuals maintain and share their certification information.

Jersey publishes settlement scheme for EU citizens post-Brexit

Those who have already acquired indefinite leave to remain or permanent residence will have to apply to the Jersey EU Settlement Scheme in the same way as all other EU citizens

Schembri, Mizzi probed in Panama, New Zealand following Panama Papers leak

They were close to opening bank accounts with Winterbotham Bank

BAHAMAS: Regulators Exploring Regime For Blockchain

Blockchain technology, and its various applications, has generated significant interest from the Bahamian business community.

Cayman Islands cuts red tape for businesses

Applications for renewals will also be able to self-validate their health insurance and pension information on the application form, with first-time applicants not being required to provide these details.

Panama Papers: Company 'Can't Identify 70 Percent Of Clients'

Another Mossack employee wrote: "We all know that we are under severe scrutiny by the authorities, and to present incomplete information to the FIA (the BVI financial intelligence agency) is bad.

Regulation, Risk & Compliance