Managers of Wealth Offshore

New Crowdfunding Regime for the Isle of Man

The new legislation has been designed to bring more business to the Isle of Man and further establish us as a home for innovation and entrepreneurialism.’

Region's offshore financial sector under threat, says ECCB governor

The recent onset of additional international tax and anti-money laundering agreements like the US FATCA and the OECD Common Reporting Standard, is causing foreign investors to move their offshore business out of the region to more developed countries.

IMF warns St Kitts-Nevis to brace for potential drop in citizenship investment

A team from the IMF, led by Inci Otker, visited St Kitts and Nevis during April 20 to May 3 to conduct the 2016 Article IV Consultation.

MFSA Warns that Alpha Capital Markets is Unauthorised in Malta

The company has allegedly been misleading investors by pretending to be regulated.

Employment Minister outlines Pensions Law changes

Once complete, those Regulations will also be tabled in the Legislative Assembly for affirmative resolution.

Summit pushes action on discredited Cayman law

Confidential Relationships (Preservation) Law to be replaced

Beneficial ownership: the good, the bad, and the geeky

Discussions quietly began the over how Jersey might introduce a public register.

'Absolutely wrong' – Cayman Islands' response to its critics

Both the Cayman Islands and the BVI have agreed to sharing details of any business owners with tax authorities and law enforcement bodies to tackle tax evasion and money laundering.

Cayman Islands: Cayman Joins Beneficial Ownership Initiative

The Premier, the Hon. Alden McLaughlin, said Cayman's invitation to participating jurisdictions is one of a number of current, significant measures that it is taking to promote global tax compliance

Cameron will use anti-corruption summit to call on wealthy to admit sources of cash

Cameron is expected to announce the new transparency measures at Thursday’s summit

Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

With these new commitments, 101 jurisdictions around the world have committed to implement information sharing in accordance with the Common Reporting Standard developed by the OECD and G20 countries and endorsed by the Global Forum in 2014.

BMA Hosts Meeting Of Financial Policy Council

It also advises on development of the financial stability framework in Bermuda, and makes policy recommendations designed to support the general economic and financial well-being of the country.

Elian appointed to provide fund administration services to Medicxi Ventures’ first €210m fund

The team at Elian is delighted to be working with Medicxi Ventures in this important sector, and is looking forward to growing the relationship,’ said Giles Johnstone-Scott, director of funds, Elian Fund Services.

ECCB: Supervision And Regulation Of Commercial Banks Critical

It’s not any regulator’s dream to have any depositor lose even one cent of a dollar that they’ve invested in a financial institution

Cayman Law paves way for new offshore business

The law was created in conjunction with the offshore sector and eagerly anticipated for the new business it will generate, keeping Cayman at the forefront of offshore services.

Dci Bolsters Compliance And Enforcement Efforts With More Staff

'I previously was a chief inspector with the Royal Cayman Islands Police Service as the district commander for George Town.

Hong Kong urges greater AML and KYC effort after Panama leak

Banks and financial institutions in Hong Kong must "strictly comply" with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money.

Island Must Be Ready For Further Offshore Scrutiny

It’s vital the Island maintains its tax independence.

JFSC consults on EU-equivalent MiFID II regime

MiFID is designed to regulate the activities of financial service providers and market operators in respect of buying, selling and issuing financial instruments, such as shares and bonds.

FCA questions 44 more firms about Panama Papers

The firms were required to report back to the regulator last weeK.

Regulation, Risk & Compliance