Managers of Wealth Offshore

Q&A - New AIC Code and implications for LSE-listed offshore companies

The AIC Code is a framework of best practice in respect of the governance of investment companies.

Money laundering concerns justify Jersey intervention, say MPs

Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security

Cayman Islands: Greater Willpower – The Cayman Islands Enhances Its Wills Regime For Foreign Testators

Legal systems themselves can sometimes impose restrictions on its citizens concerning the disposal of property on death.

A binary future? How digitalisation might change banking by Andrea Enria

The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.

EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing

Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.

Guernsey satisfies EU business substance requirements

This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.

Country-by-country reporting guidance notes released

Affected companies are recommended to review the CbC reporting guidance notes in full and to understand the impact on their business.

Ireland does well on shadow economy policy

They are compliant and make their returns to the taxman.

Big banks including HSBC, Barclays and Bank of Ireland face £11bn bill for fuelling celebrity tax dodge schemes

In its annual report last month, HSBC admitted that the impact of legal claims against it, if successful, could be ‘significant’.

European Commission To Create New AML Blacklist

All of the 28 member states voted to block the list from being made public last week.

CBDT allows offshore fund managers to operate from India

Bunch of fund managers recently got pre-approval from CBDT

US Citizenship Specialists, American Dream, to Focus on Middle East Investors

EB-5 citizenship-by-investment programme extended until end of September 2019

National debt reaches over $8 billion

The country’s debt to GDP ratio was not stated for the end of 2018 in the report.

Campaigning MPs claim 'UK has legal powers to force public register

These registers are important if we are to fight corruption, money laundering and terrorist financing.

Beware the powers of Unexplained Wealth Orders

Twelve months since UWOs were first made available to law enforcement, what initial assessment can be made of the Criminal Finance Act's efficacy?

Swedish Bank Exit Is Estonia’s ‘Ultimate Concern’ After Scandals

Money laundering allegations have put spotlight on the Baltics

JTC granted Luxembourg professional depositary licence

The new licence also complements JTC’s non-EU solution

Britain Crackdowns On Its Wealthy Money Launderers

The announcement comes barely a week after a data leek revealed how suspicious Russian money had flowed to the U.K. under a scheme dubbed the 'Troika Laundromat’.

LMAX Exchange receives Gibraltar crypto license

LMAX Digital was launched in May 2018 becoming the first crypto currency exchange established by a regulated FX exchange operator and the only deliverable crypto currency exchange dedicated to institutional clients.

Jersey finance regulation standards ‘the highest’

Before the bill was withdrawn, the amendments looked likely to be approved.

Regulation, Risk & Compliance