Managers of Wealth Offshore

Central Bank expresses concern over Gibraltar passporting its services to Ireland

The Financial Services Commission is believed to have taken up the invitation to explain its processes to the authority.

Collaboration with Local Intermediaries

The marketing and solicitation must be done by local licensed business operator within the scope of its license.

U.K. Rejects Parliamentary Watchdog’s Tax Advice on Northern Rock

In a November report on the sale of former Northern Rock assets, the committee said U.K. companies faced paying more tax in the sale.

EU Presidency releases plan to prevent multinational tax avoidance

Attention will also be focused on the improvement of EU dispute resolution mechanisms.

Bank Growth Focus ‘Not The Way To Go’

Then you will have the niche players that use their services to support their clients.

European Union: Restarting The Clock: Residency Solutions For Non-Doms

The government has stated that introducing the deeming rule in this way will allow those non-doms who are internationally mobile to continue to benefit from non-dom status

Directors’ Compliance Statements under the Companies Act 2014

The new requirement for directors’ compliance statements should be welcomed

Citizenship for sale controversy

The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.

Talks ongoing to amalgamate OECS indigenous banks

Antoine said there are ongoing amalgamation talks in some parts of the OECS.

RBS’s private bank hit with £5m Swiss fine

As Coutts did not report any suspicions to the Swiss authorities until 2015.

Barbados bonds in distress

Barbadian economist and financial analyst Professor Avinash Persaud issued that warning from London yesterday.

IoM life industry discloses extent of commission complexity

According to industry responses to a consultation paper.

Caribbean Association Of Banks Urges Compliance With FATCA

The CAB strongly encourages the remaining Caribbean countries to ensure that their IGAs are in force by their extended deadlines

JFSC focuses on shared responsibility for 2017 Business Plan

It would be focusing its regulation on the areas of greatest risk.

FINMA sanctions Coutts for 1MDB breaches

When the account was opened, information was provided to the effect that USD 10 million would be transferred to it from the account holder’s family assets.

Guernsey: Issues Affecting Investment Funds

This article begins to explore some of the more general issues to be aware of in relation to some problems concerning investment funds and funds in distress.

The protected cell company turns 20

The Protected Cell Companies Ordinance, 1997, came into effect on 1 February 1997 for Guernsey’s captive insurance sector and was the first cell company legislation of its kind anywhere in the world.

CAB voices support for National Bankers Associations on FATCA

Failure to do so, has far reaching implications for banks in terms of an increase in sovereign risk and its impact on their ability to conduct business.

2016 loss hits $7.9M at Heartland Bank; Cayman loan cited

Platinum Partners and its funds also are being investigated on accusations it overvalued its assets.

IoM regulator confirms two commission disclosure deadlines

From 1 January 2018, the Key Information Documents will have to confirm that commission will be paid and the range of commission for each product.

Regulation, Risk & Compliance