Managers of Wealth Offshore

Pensioners soon able to withdraw more each year

Individuals who have more money in their retirement savings accounts can withdraw more.

Financial Services Opportunities Investment Fund makes first investments

Guernsey company CORVID operates through two subsidiaries, payments specialist CORVID PayGate and IT security operation CORVID Protect.

CRS questions on the minds of Chinese clients and corporates

Some of the key issues practitioners are looking to address ahead of the moves towards global transparency relate specifically to concerns around data protection and correct reporting procedures.

Agents defend Cristiano Ronaldo and José Mourinho over tax claims

Media reports claim tens of millions of euros hidden in tax havens

Minister says government exploring options regarding Bank of St. Lucia

The bank still has heavy deposits, it still employs a substantial number of people

Cayman Gov’t to pay 17% toward pensions

The government has also approved an additional “normal cost” 5 percent contribution rate for participants in the civil service defined benefit retirement plan.

Bahamas: Moody’S Raises Deficit Forecast To Near-$300m

The debt-to-GDP ratio is now forecast to go higher, and peak later, than anticipated.

Making sense of cross-border financial rules

Why is this happening and what does it mean to Bermuda residents connected globally elsewhere?

West Ham and Everton hit by Premier League clampdown

West Ham and Everton will be forced to plug a lending gap because of a Premier League ban on shadowy offshore finance companies.

Swiss to adopt country-by-country corporate reports

Multinationals have lowered their tax payments by shifting profits from high-tax countries to tax havens.

MoF signs two agreements on the avoidance of double taxation and the protection and promotion of investment with Saint Kitts and Nevis

The agreements also strengthen and provide full protection for investments.

Aicraft Leasing In Asia: A Tale Of Three Cities

Total air traffic for the Asia Pacific region is predicted to grow at an average of 6%. By 2035

Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)

The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions

Cayman Islands: New Enforcement Powers For CIMA

CIMA will be able to impose fines for breaches of the Cayman Islands money laundering regulations

Another exchange tie-up: Bermuda and Channel Islands follow the lead of London and Frankfurt

The exchanges will look into ways of working together, including cross-fertilisation of regulatory best practice.

Malaysia: Labuan IBFC – Building Opportunity In Asia Pacific

As individual wealth grows in the region, increasing consumer demand from a larger middle-income population has inspired a raft of more sophisticated and comprehensive wealth management services.

Governor To ‘Bridge Gap’ Between Banks, Web Shops

Their previously unlawful status, and cash-intensive business nature, underpin the commercial banking industry’s concerns.

Transparency International calls on secrecy haven supervisors to take real action against corruption

The Panama Papers revealed how secretly owned companies in offshore havens are used for financial crime, corruption and tax evasion.

Experts say fiscal policy is on right track

The Bermuda Government is saddled with net debt expected to reach nearly $2.4 billion by the end of the fiscal year in March 2017

AxiomSL Introduces New Taxonomy for Cayman Islands Quarterly Prudential Return Reporting Requirements

It is designed to interface with the new REEFS portal, while also retaining users’ traditional Excel view.

Regulation, Risk & Compliance