Managers of Wealth Offshore

CIG still waiting on blacklist decision after EU trip

Minister Rivers said the delegation had been directly engaging with the EU for almost two years

Economic Substance Law in the Cayman Islands – What you need to know!

Cayman Islands government has passed a new law requiring certain Cayman Islands entities to demonstrate ‘economic substance’ in relation to the activities carried on in the Cayman Islands.

Two more indicted in money laundering case involving former Barbados government minister

Last August 6, the former government minister was charged with conspiracy to launder money and two counts of money laundering in the United States.

Chaudhary refutes claims of offshore investment

In a statement issued today, Chaudhary said such news were also published three to four years ago and that he had clarified about his innocence.

BVI's new economic substance rules prompt questions by financial industry

"We are looking to get that [answers] to them through guidance notes from the International Tax Authority, which is the government entity that is responsible for the implementation of the new law.

JTC and Carey Olsen support launch of Binance Jersey

Now that the exchange is live, JTC will continue to provide services to Binance Jersey as it seeks to develop its presence on the island.

Flouting laws, dozens of Nepalis invested in companies in tax haven nations

Former lawmaker Birendra Mahato and his brother Upendra Mahato, Nepali Congress member Rajendra Bajgain, controversial businessman Ajeya Raj Sumargi, Mercantile CEO Sanjib Raj Bhandari, Chaudhary Group MD Arun Kumar Chaudhary, Hotel Malla Chair Rama Malla

Jersey prepared for Brexit despite May's deal defeat

Senator Gorst also said he wants to assure islanders that whatever the new alternatives put forward by Theresa May, he wants to make sure the interests of Jersey are communicated to the UK government.

TISE launches new-look Listing and Membership Rules

They introduce new rules for the listing of debt being offered to retail investors, which expands our product offering for prospective issuers.

Malta implements sweeping changes to pension regulations rules

There are also stricter rules when it comes to investing

Financial Conduct Authority opens notifications for temporary permissions regime in case of no-deal Brexit

The Treasury is putting in place a statutory instruments' framework, which will regulate the temporary permissions regime.

European Banking Regulators Call for Unity in Crypto Regulations

EBA decried the lack of uniformity in crypto laws

UK government delays British Overseas Territories' deadline for public ownership

Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.

Bermuda's Economic Substance Legislation Becomes Operative

The Declaration will require the disclosure of certain key information applicable to an analysis of substance requirements

Scotia principals meet with workers’ representatives today

Officials from Scotiabank were expected to hold similar discussions with Prime Minister Gaston Browne.

EU expects Bermuda to get tough on substance

New companies will be subject to the ESA rules immediately.

T&C Premier applauds Gov’t successes

We will continue to resource the Labour Department so that they can even more effectively carry out their jobs.

Intertrust simplifies organisational structure to support its transformation strategy

he new structure will be reflected in the composition of the Company's Executive Committee, with immediate effect.

It’s Getting Foggy Out There by Gary Dugan

UK also faces the prospect of freezing over as the North Pole sees temperatures rise

Hong Kong SFC fines Bermuda-registered life insurer over regulatory breaches

FWD Life is a direct underwriter of long term life insurance and is registered in Bermuda, but is based in Hong Kong.

Regulation, Risk & Compliance