Managers of Wealth Offshore

AxiomSL Introduces New Taxonomy for Cayman Islands Quarterly Prudential Return Reporting Requirements

It is designed to interface with the new REEFS portal, while also retaining users’ traditional Excel view.

Pubs’ plight highlights growing influence of offshore insurers

Many must now be regretting this decision.

Innovation Islands - how the Channel Islands are innovating in the funds arena

But is there a tension in a regulated industry between innovation on the one hand, and necessary checks and balances on the other?

Revenue Announces New Clampdown On Off Shore Tax Evasion

Revenue has warned that time is running out for people hiding money overseas

Cayman Islands: Financial Services Minister Speaks With US Officials About Bank De-Risking

The Financial Action Task Force and the World Bank are grappling with the domino economic effects of de-risking.

New Enforcement Powers for CIMA

If passed in its current form the Monetary Authority (Amendment) Bill, 2016 (the Bill) will allow CIMA to impose fines for breaches of regulatory laws by licensed or regulated individuals or entities.

Plans for States-owned retail bank in Guernsey rejected

The move has been welcomed by the group Finance for Guernsey, which believes that the private sector is more suited to deliver the idea.

British Virgin Islands Finds It Tough to Remove ‘Panama Papers’ Stain

Mossack Fonseca unit fined $440,000 by islands’ regulator

Central Bank warning for Trinidad and Tobago in order to avoid de-risking

De-riskingis the threat of the loss of correspondent banking relationships, particularly for small developing countries”

Brooks Macdonald signs deal with Dubai-based Abacus

The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.

Guernsey Funds Business Continues To Thrive, Says New Research

Guernsey had a very busy year in terms of mergers and acquisitions of service providers, highlighting the ever-changing fund landscape and the constant dynamism of the market

PayPal Broadens its Services in Mauritius

The two parties involved are positive concerning the future of their partnership.

Jersey: Dormant Accounts Law

Currently, where a Jersey bank has lost contact with a customer it must maintain the customer's deposit account.

Billions could drain from Cayman entities as Trump is elected

The goal is to halt the practice of U.S. multinationals holding hundreds of billions of dollars in offshore accounts, many of them in the Cayman Islands, to reduce their U.S. tax liability.

Government confirms civil and criminal tax investigations following 'Panama Papers' leaks

A special taskforce set up following the 'Panama Papers' leaks has opened civil and criminal investigations into suspected tax fraud or financial wrongdoing by more than 30 individuals and companies, the government has announced.

Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts

Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.

Taxation: Council agrees criteria for the screening of third country jurisdictions

The Council's code of conduct group for business taxation will conduct and oversee the screening process, supported by the Council's secretariat.

Interview: Mauritius’ bank chair says Seychelles branch should be operational by March 2017

SBM was granted its license in March following a banking request made in October 2015.

Labuan IBFC to refocus on niches for growth

The midshore centre will embark on a new journey to “further refine the midshore concept

BCSC discontinues proceedings against former investment advisers who still face SEC scrutiny

The BCSC alleged the case involved stock transactions worth more than $46 million.

Regulation, Risk & Compliance