Managers of Wealth Offshore

Why are the 'Panama Papers' a big deal?

Before we get into all that, let's define "offshore company": a corporation or legal entity registered in jurisdictions that allow tax exemption, anonymity and minimal government oversight.

Binary options scams, offshore investments among main threats to Canadian investors

Making a decision to invest without doing any research is like playing with fire.

DMS helps overcome regulatory fatigue

Storie confirms that interest in its European solution suite built momentum in 2016

Bank Cainvest Acquires Business from Dartley Bank and Trust

Financial terms are not disclosed.

MCCAA launches two charters on financial and banking services

These charters also safeguard consumers’ financial interests as they prohibit hidden costs and expenses.

Barbados: Central Bank wants tighter fiscal measures

The Central Bank Governor argued that interest in tourism investment in the island remained strong.

Government Of St. Kitts And Nevis Committed To Continue Good Governance Practices In 2017

Prime Minister Harris pointed to a number of good governance practices since assuming office in February 2015.

Board of troubled Fidelity Bank approves Mauritian group takeover bid

Fidelity has been looking to sell an equity stake to a strategic investor in order to bolster its capital base.

Secretive Swiss bank accounts face new crackdown

New rules ensure details will be shared with tax authorities of other nations and vice versa

Banks reach final resolutions under Swiss Bank Program

Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the Program.

Guernsey enhances rules for insurance-linked securities

The streamlined application process typically allows new insurers to be established within one business day.

NY Expands Jurisdictional Reach Over Foreign Banks Using Correspondent Accounts

The majority found that Pictet “affirmatively act[ed]” by crediting the funds transferred first to the New York correspondent account

Justice Department Reaches Final Resolutions Under Swiss Bank Program

Information Received Continues to Drive Civil and Criminal Enforcement Efforts

Implementation Of ESMA Guidelines On Sound Remuneration Policies

The guidelines will take effect from 1 January 2017.

AIFMD Consistent Regimes for the Cayman Islands

The New AIFMD Regulations set out the detail and the substantive provisions of the Cayman Islands AIFMD Consistent Regimes.

Gov’t to report budget figures every 3 months

Each report is supposed to be placed in the government’s official gazette six weeks after the end of each quarter.

Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ

As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.

Bankers renew call for FATCA law to be passed

The statement said members of the Opposition shared with the BATT executive team their areas of concern related to the process around the debate and the need for a joint select committee to debate the bill to ensure that “good legislation” was

Cayman seeks early repayment of debts

The British territory found itself in the somewhat unusual position of having excess cash on hand but unable to legally spend some of it to retire debt amassed over the past decade.

Pakistan to exchange bank accountholders’ details with OECD

The FBR is discussing modalities with the banks to set up a system for exchanging information

Regulation, Risk & Compliance