Managers of Wealth Offshore

Ireland as a Base for High Net Worth Individuals - Maples & Calder

It is also the world's leading jurisdiction for aircraft finance and leasing.

European Commission recognises quality of Jersey’s auditor oversight regime

The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.

Barbados budget penalises banks, but encourages compliance

As part of this plan, several tax measures were announced in the budget statement.

Crowe Horwath to audit Cayman captives

Crowe Horwath’s license to audit became effective 19 July.

CEO guards against increasing bank fees - FirstCaribbean

He highlighted one of the main problems that most banks, especially in the Caribbean, are faced with that could be attributed to their increasing their bank fees.

Cayman Introduces New Copyright Law - HIGGS & JOHNSON

The revamping of the copyright protection framework was driven by the desire to encourage and support the work of local creators as well as offer greater protection to international creators who wish to invest or conduct business in Cayman.

JFSC signs MoU with Liechtenstein’s Financial Market Authority

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

Cutts-Watson to assist BVI to “reinvigorate” business

The industry has seen successful developments, it has faltered slightly, according to report.

Isle of Man Regulatory Update - Appleby

Alternative Banking Regime in the Isle of Man

ESMA Publishes Further Advice on the Application of the AIFMD Passport for Non-EU Jurisdictions

The decision on whether to extend the passport rests with the European Commission, subject to the right of the European Parliament and European Council to raise objections.

Consultation on ‘Code of Conduct’ for Isle of Man Insurance Companies

The MIA recognises the need for an insurance regulatory framework which meets relevant international standards but which is also sufficiently proportionate to allow our members to continue to attract business.

Cayman regulator fails to sanction unlicensed bank and its directors

CIMA has offered no explanation for its failure to protect foreign investors in this case

Age discrimination and Jersey pension schemes

It may also be helpful for employers and trustees to seek advice on the implications of the Age Regulations for them

PM Christie Announces Business Initiatives for Grand Bahamas

The cooperation and meaningful collaboration should be noted of Grand Bahama Port Authority and other stakeholders including the signatories to the Memorandum of Understanding.

Jersey sees an increase in private placement and consults on enhancing funds regime

The latest figures show that the appetite to use Jersey’s existing NPPR route is consistently strong amongst managers

Cayman Islands: Cayman Flag On Paris MOU White List For 11 Consecutive Years

The Paris MOU currently has 27 participating states.

Trinidad Government ready with new FATCA legislatio

It requires all non-U.S. (foreign) financial institutions to search their records for indicia indicating U.S. person-status and to report the assets and identities of such persons to the US Department of Treasury.

CRA convicts a fraction of offshore tax evaders: Exclusive

Documents obtained by the Star show Canada is lagging far behind other countries in convicting tax cheats who exploit offshore tax havens.

Chinese Capital Outflows May Still Be Happening — But In Disguise

One big reason is that Beijing seems to have had success in cracking down on the flood of money leaving the country, which had been prompting sizable drawdowns in the central bank's foreign currency reserves, to prop up the value of the yuan.

Guernsey remains on course for third country passport following positive ESMA recommendation

ESMA has now published its advice for all 12 jurisdictions against the regulatory frameworks in place and their track record for ensuring effective enforcement.

Regulation, Risk & Compliance