06/06/2017
Global transparency
In recent years, significant changes in global finance regulations mean that every investor should re-examine their personal need for such offshore structures.
Regulation, Risk & Compliance
06/06/2017
Declare offshore wealth? Russia tycoons would rather ship themselves off shore
No official data has been made public on how many people have given up Russian residency to escape the law
06/06/2017
Moore Management achieves prestigious ISAE 3402 Type II accreditation
The ISAE Type II report was issued to Moore by PwC, confirming the establishment and operation of effectively designed internal controls to achieve specified control objectives.
06/05/2017
IoD Jersey Chair calls for ‘stable and consistent policy’
It is vital that the States of Jersey uses the coming 12 months to strike the right balance of achieving more with less
05/30/2017
Gov’t going cap in hand to local offshore banks
The Bill requires that any loan by an offshore bank to a local entity must be approved by the Financial Services Regulatory Commission (FSRC) and the Ministry of Finance & Corporate Governance.
05/30/2017
New Isle of Man Enterprise Development Scheme deals completed
SPARK was appointed in March 2016 by the Isle of Man Government Department of Economic Development to run the Accelerator and Relocator elements of the £50 million Enterprise Development Scheme (EDS).
05/30/2017
BMA extends ILAC application registration review
The BMA said that it will also continue to refine the insurance licensing process by providing “speed to market”
05/30/2017
Isle of Man watchdog to review unregulated funds
He was responding to a question in the Isle of Man’s seat of government, the House of Keys, about the protection available for clients who invest in unauthorised schemes.
05/24/2017
Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe
About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.
05/24/2017
JFSC wins prestigious international award
The JFSC’s approach has adopted innovative solutions in the areas of interoperability, confidentiality and cyber security.
05/23/2017
Isle of Man regulator takes action to stem fund failures
The Isle of Man financial regulator is to crack down on collective investment funds by setting out “effective” guidance rules to “safeguard the reputation of the island”.
05/23/2017
Cayman security firm launches in US
The company was also accepted as a member in the PSA Security Network.
05/21/2017
Expats eye financial impact of changes to Pensions Law
The reforms effectively close a loophole that has allowed workers early access to their savings within two years of leaving the island.
05/19/2017
The ICSA Jersey 2017 Awards - HAVE LAUNCHED!
A retiring collection will raise funds to support Headway Jersey.
05/19/2017
Guernsey regulator issues warning on new Sark company registry
Guernsey’s financial regulator has issued a warning about an organisation on the nearby tiny Channel Island of Sark, where it has a website promoting a company registry there for the first time.
05/19/2017
Guernsey regulator issues Sark ‘company’ warnings
The Commission wishes to emphasise that there is no company legislation in Sark.
05/18/2017
MainstreamBPO expands global footprint
MainstreamBPO chief executive Martin Smith said the strategy will bring "critical mass" to its operational capability and clients within Europe and the Caribbean.
05/18/2017
The Bahamas in process of enhancing its regulatory regime
It is time for a refresh of the 2003 Investment Funds Act which provided for these innovative instruments which support private wealth management.
05/18/2017
ESMA finds improvements in regulators’ supervisory practices concerning MIFID rules
The Follow-up Report has concluded that the NCAs from Lithuania, Latvia, Malta, Poland, Portugal and Romania have addressed all of the deficiencies previously identified.
05/15/2017
Gibraltar firm fined and directors banned over pension schemes
A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.