Managers of Wealth Offshore

Pilatus: the headache that won’t go away

The timing was inauspicious for a number of reasons.

Staying afloat in a sea of regulatory change: priorities for 2018 - TMF

A key lesson from CRS early adopters is that FATCA and CRS are still being confused and interpreted as part of the same legislative piece, while they are two different requirements.

More moves towards global transparency in Curacao as CRS takes effect - TMF

As long as you’re tax compliant, the forthcoming deadline for first reporting should not be a big worry for you

Guatemala moves towards transparency in banking - TMF

Those who do not register one or several bank accounts that are in the name of a person or financial groups of the country, or foreigners, will be classified as “resistant”.

Warranty removed in update of Guernsey’s Private Investment Fund

The warranty has been replaced with a declaration, which places a lesser burden on the licensed manager.

Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution

The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.

StanChart Fined in Singapore for Money Laundering Breaches

Two units fined a total of $4.9 million by monetary authority

Sigma and Cactus team up on cyber security

Cactus is the executive agent for sales of Trust Lockdown, while Sigma is the Channel Island and UK sales partner of Cactus.

G20 urged to adopt common regulations for cryptocurrencies

It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.

Switzerland yet to ratify tax avoidance agreement

After signing, the two sides had agreed to undertake internal procedures for ratification of the agreement.

´Panama Papers´ law firm shuts down operations

Last August, co-founder Jurgen Mossack acknowledged the firm had closed most of its offices abroad after its damaged credibility caused business to flounder.

Eastern Caribbean Central Bank partners Bitt for digital currency pilot

The MOU between the ECCB and Bitt Inc. is the culmination of a three-day workshop which involved teams from the ECCB and Bitt Inc.

Are life cos ready for looming IoM Conduct of Business Code?

It is now less than a year until the Isle of Man Conduct of Business Code comes into force, International Adviser spoke to several firms headquartered on the island to see how they are preparing for the introduction of the regulation.

JTC poised for London IPO

Each of the Selling Shareholders who are retaining some Shares will be subject to a 12-month lock-up

Can Regulations Temper the ICO Craze?

Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.

IoM defers regulatory roadmap for insurance biz

The FSA’s proposed implementation date for the updated capital and solvency framework for non-life insurance business will be deferred by 12 months from 30 June 2019 to 30 June 2020.

Cyprus passport sales revealed

Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.

Jersey regulator warns of fake Aussie investment firm

Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.

The OECD has citizenship programmes in its sights

They remain wise words.

Insurers ‘Not Oblivious’ To Bahamas Sanctions Threat

He pointed out that the insurance industry would be impacted as badly as other financial sectors if the Bahamas was ‘grey-listed’

Regulation, Risk & Compliance