Managers of Wealth Offshore

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.

Appleby acts on landmark Seychelles environmental deal

The landmark agreement triggers a US$31 million funding package that will benefit critical marine conversation work in Seychelles.

What the fallout from the Panama Papers means for business

The Panama Papers scandal is already being labelled as the biggest data leak in history.

Panama Papers: HSBC chief says only 5% offshore accounts still active

Mossack Fonseca, the law firm at the centre of the Panama Papers leak, had alleged that HSBC had asked for the creation of offshore companies for their clients.

CIMA battles to find insurance chief

But the search for the right candidate to fill the role permanently, they admitted, had been ongoing for some time.

Macedonia President Denies Offshore Wealth Claim

Macedonian President Gjorge Ivanov has denied any financial impropriety after the opposition presented papers linking his relatives to a firm in Panama.

Ministry’s open records response ‘verged on obstruction’

Issue reported to deputy governor

Regulation, Risk & Compliance