Managers of Wealth Offshore

The Bahamas – Clearly the Next Best Financial Services License

The FCA was once seen as the only jurisdiction where firms aspired to get a license though this has changed

BAHAMAS: 'No Intention' Of Making Owners Registry Public

Registered agents will also have access to the proposed Bahamas' Beneficial Ownership Registry, but only for purposes of updating or adding to the records - they cannot conduct searches.

Guernsey welcomes mutual recognition call in think tank report

The Institute of Economic Affairs has made the recommendation as part of a report on improving global financial services regulation and fostering economic growth and innovation after the UK leaves the European Union.

Transparency in the territories – public ownership registers in Cayman, Bermuda and the BVI

The amendment's long-term benefits are likely to centre on image and influence.

UK won’t impose its will on the Isle of Man

It means places like the Cayman Islands and British Virgin Islands will be required to introduce a register revealing the beneficial owners of assets held in the jurisdiction.

UK Caribbean territories ordered to open up about secretive companies

Overseas territories and crown dependencies have come under increasing pressure to reveal who is behind anonymously owned companies

Guernsey Policy & Resources Committee President welcomes House of Commons result

The Labour Party has withdrawn its attempt to impose domestic policy on the Islands when presented with a better understanding of the constitutional position.

Financial Literacy Campaign Launched

The campaign features a website highlighting monthly educational videos, blog posts, and tools that seek to enable persons to make smarter choices with their funds.

Britain backs legislation that could squeeze Caricom associate members

The amendment would require the UK Government to take steps to provide that British Overseas Territories establish publicly accessible registers of the beneficial ownership of companies.

How Britain is finally fighting back against dirty money in our tax havens

Every year, more than a trillion dollars are stolen from the poorest countries on earth.

How UK’s anti-money laundering bill affects BVI

The amendment mandates that public registers of beneficial ownership be imposed on the BVI and other British Overseas Territories by the year 2020.

Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership

This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.

Chief Minister Meets UK Ministers to Address Constitutional Concerns with Amendments to Sanctions and AML Bill

“The speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.”

Regional groups defend BVI; UK votes on financial services today

Both CARICOM and the OECS have lambasted the UK for being ‘discriminatory’ to their British territories.

Bermuda House of Assembly passes ICO Act

The Act affects those who are interested in creating, promoting, investing in and using ICOs and digital assets as well as companies who are seeking to raise capital through initial coin offerings.

NCB Touts Milestone Profit, To Face Regulator Over GHL Offer

"We do not know what is going to happen. I cannot make a prediction about what we will or will not do. In any event, we are unlikely to have a result on May 15. It is just the date of a hearing,"

Dolfin Awarded Custody And Depositary Licence In Malta

Malta’s financial services sector is experiencing a strong period of growth. It currently contributes just over 12 per cent of Malta’s GDP.

Lead shareholders remain hidden despite transparency rules

Corporate register shows 13% of companies fail to name ‘persons of significant control’

Dolfin awarded custody and depositary licence in Malta

The main beneficiaries are expected to be Malta-based collective investment schemes and trusts or other wealth structures that need a local custodian or depositary.

Guernsey sets sights on promoting global connections

The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets

Regulation, Risk & Compliance