Managers of Wealth Offshore

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

UK searches for compromise over offshore ownership registers

Ministers try to broker deal to avoid defeat in parliament

Vatican law seeks to keep charities, donations clean

Going forward, the current leadership has proposed changes that would eliminate a three-person board of auditors.

Cayman Islands Monetary Authority Issues a Statement on Virtual Currencies

ICOs are often unregulated and involve new technologies and products that are highly technical and complex.

UK Branch of Pilatus Bank Closed Down

The Daphne Project revealed that more than 50 companies owned by the ruling elite of Azerbaijan moved millions of euros using Pilatus Bank.

Dpm Pledges 'Most Stringent Controls' On Ownership Registry

Financial services is based on confidentiality, a concept that the Bahamas previously exploited to the max.

New Zealand rated 'compliant' in OECD tax transparency review

New Zealand is due to receive the first batch from relevant jurisdictions in September this year.

British MPs called for disclosing Russians with money in offshores

A group of British parliamentarians demanded the adoption of a bill that would force to disclose the names of businessmen that keep money in the British Virgin Islands and the Cayman Islands, The Times imparts. Up to now, these offshore companies have b

Regulation, Risk & Compliance