Managers of Wealth Offshore

Panama Papers Fallout Will Stress Anti Money Laundering Compliance

Sanctions monitoring systems and associated watch-lists will be updated with new data from the Panama Papers leak.

Banker says CUB investment is a bailout

Browne urged the commercial banks to take on more risks since they “do no work” and drop “extortionate fees” and they should change their “nonsensical, self-defeating” strategies or face failure.

Secrecy law revamp well received by industry

Banking is another segment of the financial services industry in which confidentiality plays an extremely important role.

Cayman disposes of bearer shares

In light of the threat of terrorist financing and global anti-money laundering activities, the existence of bearer shares grew as a concern to regulatory bodies and governments alike.

New law soon to bring transparency in declaration of offshore assets

The government authorities have already held two meetings with the Swiss government in this regard.

Islamic finance discovering the charm of offshore jurisdictions

Offshore financial centres can be utilised for a wide range of Shariah-compliant finance transactions and services.

The UCITS V Directive

The UCITS V provisions seek to address certain perceived weaknesses in the UCITS regime, particularly following the Madoff fraud and the default of Lehman Brothers.

CAYMAN: Major development, pay bonuses ahead

No new taxes, no borrowing, premier says

CAYMAN ISLANDS: Petition seeks to stop changes to National Pensions Law

Amendments to some 51 out of a total of 95 clauses in the National Pensions Bill, were approved on Wednesday 4 May in the Legislative Assembly.

Caribbean banks must adapt to survive de-risking, says industry consultant

A recent report by the World Bank and Bank for International Settlements said that banks in the Caribbean ranked highly in terms of being at risk of losing their correspondent banking relationships.

Managing Accounting And Tax Compliance In Foreign Markets - TMF

Global expansion is high in the agenda for many US companies but along with new opportunities it also brings tax and accounting challenges.

Cayman changes perception of offshore centres

Describing last week’s London summit as historic, the premier said Cayman fully supports the ambitions to combat criminality and come up with a new standard for global information exchange.

Cayman Islands premier's comments met with hostility at London summit

The premier admitted his comments were received with hostility at the session, which included many advocates for public registers, but it was an opportunity he could not miss.

The Great Migration

As a result, many of the herd are now wondering if there may be greener grass elsewhere.

Beneficial ownership: Government says US must sign first

Cayman’s participation in the summit was predicated on it joining an initiative for the automatic exchange of beneficial ownership data.

Hong Kong must work towards a ‘Panama Papers Ordinance’ to end automatic recognition of offshore firms

Companies should no longer be accepted as being from the British Virgin Islands without having a significant share of their revenue and assets actually produced there

New Crowdfunding Regime for the Isle of Man

The new legislation has been designed to bring more business to the Isle of Man and further establish us as a home for innovation and entrepreneurialism.’

Region's offshore financial sector under threat, says ECCB governor

The recent onset of additional international tax and anti-money laundering agreements like the US FATCA and the OECD Common Reporting Standard, is causing foreign investors to move their offshore business out of the region to more developed countries.

IMF warns St Kitts-Nevis to brace for potential drop in citizenship investment

A team from the IMF, led by Inci Otker, visited St Kitts and Nevis during April 20 to May 3 to conduct the 2016 Article IV Consultation.

MFSA Warns that Alpha Capital Markets is Unauthorised in Malta

The company has allegedly been misleading investors by pretending to be regulated.

Regulation, Risk & Compliance