Managers of Wealth Offshore

Merger Dissenters Prevail in Cayman Islands Grand Court Ruling

The Court concluded that the merger price (i.e. the amount offered to shareholders as consideration for the take-private) was too low.

Guernsey publishes Digital Sector Strategic Framework

This framework will support government and business as they look to capitalise on the significant opportunities that exist in this fast-growing sector in the years to come.

Hong Kong: Update on automatic exchange of financial information

Update on automatic exchange of financial information (AEOI) partners

GFSC Publishes its Business Plan for 2017/18

This business plan sets out our programme of work for the period 1 April 2017 to 31 March 2018.

Your Taxes: Why the Banks are Cranky

In March 2014, the Bank of Israel issued an instruction to Israeli banks to comply with FATCA.

Bob Bail-Out Debtors Block Property Access

The Bank of the Bahamas ‘bail out’ saw 13 ‘bad’ loans transferred from its balance sheet to Bahamas Resolve, in exchange for $100 million in government promissory notes (bonds).

TISE gains recognition from German regulator, BaFin

The application to BaFin was supported by the German Investment Funds Association, BVI (Bundesverband Investment und Asset Management).

New Jersey and Guernsey Private Funds Regimes

In this situation a more informal and flexible regulatory regime may be appropriate for the fund and its investors.

Ghana, Czech sign Double Taxation Agreement

It will also eliminate the incidence where income from both countries are taxed twice and as well as increase Ghana’s Exchange of Information network

‘Panama Papers’ project wins Pulitzer

Journalists in 80 countries worked together to investigate 11.5 million files leaked from inside Mossack Fonseca, a Panama-headquartered law firm that specialized in building offshore companies.

Time to close down Gibraltar, major part of criminal network

A glance at the map immediately reveals the strategic value of the tiny territory, especially to an empire like Britain’s

Swiss Federal Prosecutors' Office Wants To Speed Up International Tax Assistance Procedures

The Lead Swiss Federal Prosecutor, Mr. Michael Lauber, therefore pleads for more efficiency and speed.

AIG targets non-doms hit by inheritance tax change

AIG has been working on a solution and is now able to offer life cover to non-residents

Jersey: The Advantages Of Jersey As A Corporate And Trust Domicile

These reasons are all compelling and have been applicable for many years

Irish residents must declare accounts, assets and benefits outside of the State or face tax penalties

This is a freely disclosed tax default to Revenue, rather than it being discovered through an audit or investigation.

SIX simplifies challenge of Automatic Exchange of Information

As of January 2017, all financial institutions in Switzerland must begin collecting client data

Cayman Islands Introduction of Beneficial Ownership Registers

There is no requirement to disclose information protected by legal professional privilege or where disclosure is prohibited by law.

Turkish regulator gives new permits for PASHA Yatirim Bankasi

Pasha Bank is a leading corporate bank in Azerbaijan.

Americans abroad lobby for tax changes

FATCA requires financial institutions in other countries to report information about accounts held by U.S. citizens.

Consumer Protection Agency In The Works For Banking Customers

The US launched its own Consumer Financial Protection Bureau during the Obama administration.

Regulation, Risk & Compliance