Managers of Wealth Offshore

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.

Pubs’ plight highlights growing influence of offshore insurers

Many must now be regretting this decision.

Innovation Islands - how the Channel Islands are innovating in the funds arena

But is there a tension in a regulated industry between innovation on the one hand, and necessary checks and balances on the other?

Revenue Announces New Clampdown On Off Shore Tax Evasion

Revenue has warned that time is running out for people hiding money overseas

Cayman Islands: Financial Services Minister Speaks With US Officials About Bank De-Risking

The Financial Action Task Force and the World Bank are grappling with the domino economic effects of de-risking.

New Enforcement Powers for CIMA

If passed in its current form the Monetary Authority (Amendment) Bill, 2016 (the Bill) will allow CIMA to impose fines for breaches of regulatory laws by licensed or regulated individuals or entities.

Plans for States-owned retail bank in Guernsey rejected

The move has been welcomed by the group Finance for Guernsey, which believes that the private sector is more suited to deliver the idea.

British Virgin Islands Finds It Tough to Remove ‘Panama Papers’ Stain

Mossack Fonseca unit fined $440,000 by islands’ regulator

Regulation, Risk & Compliance