Managers of Wealth Offshore

Cayman Islands Monetary Authority: Supervisory Issues & Information Circular

It also stresses the minimum requirements CIMA expects to see in a well-functioning AML/CFT programme.

Jersey Deal Activity Sees Five Years Of Growth

Jersey deal value rises 26 percent in 2015, Appleby report finds

Litigation: Skype messages show Caledonian’s trading activity in penny stock frauds

Hinting at potential criminal charges for those involved, the SEC says the documents “will also prove beneficial to the ongoing law enforcement investigations of these matters and others.”

Isle of Man Common Reporting Standard Draft Guidance Notes Published

The Income Tax Division have confirmed that they are in contact with the OECD in order to confirm a number of areas where there is still uncertainty in the CRS with a view to updating the guidance notes in due course.

Busuttil gives Muscat 24 hours to ‘shoulder responsibility’ for Panama offshore companies

Opposition leader hints at motion of no confidence unless Muscat shoulders political responsibility over the next 24 hours

IFC Forum criticises US over Common Reporting Standard

Over 90 jurisdictions have agreed to implement CRS: the latest standard by which governments automatically exchange financial account information to prevent tax evasion.

Striking The Right Balance – Responding To Global Regulatory Challenges

In the wake of the global financial crisis, an unprecedented wave of regulation has swept through the financial services industry, impacting market participants at every level.

Cayman Fund Sector Rises To Regulatory Challenges

Recently named the best Hedge Fund Services Jurisdiction in the Hedgeweek Annual Global Awards 2015, the Cayman Islands continues to be recognised as the market leader.

The Cayman Islands Financial Services – Regulatory Framework

In addition, CIMA developed its first vision statement to reflect its dedication to continuous improvement

EIB- Cyprus loan contracts signed

The loans managed by four Cypriot banks will help bolster liquidity, support economic recovery and create jobs, EIB said.

Central Beneficial Ownership Registry: A Cayman Perspective

From the perspective of the IFCs, the UK proposals were counter intuitive.

The Danger Of De-Risking Jamaican Banks

The specific issue is the accelerated move by banks in developed countries to drop their correspondent banking relations with those in emerging economies.

Bank Of Bahamas Still Violating Key Capital Indicators

Bank of the Bahamas’ latest results also undermine the prediction by its former managing director, Paul McWeeney, that it would have returned to profitability by the 2015 year-end.

Voisin Law Review For Business Brief

The judiciary is at all times ensuring that the gladsome light of jurisprudence is being allowed to illuminate on a daily basis.

June deadline for Cayman EU funds passport

This timeframe was confirmed by Garth Ebanks, Deputy Head of CIMA’s Investments and Securities Division, at the Cayman Alternative Investment Summit (CAIS) earlier this month

Malaysia: The 1MDB money trail

Probes into suspicious transactions at the Malaysian fund have threatened to expose loopholes in global finance

Liquidation Regime Bar To $17m Asset Recovery

Although the Companies Act Winding-Up Amendment Act 2011 was passed into law, the Liquidation Rules Committee has yet to designate which nations are to be listed as ‘relevant foreign countries’ and qualify for assistance from the Bahamian cour

GFSC publishes guide to risk-based supervision

Risk-based supervision encourages supervisors to concentrate on the issues which really count

Heritage Financial Services hosts evening of EU discussion with clients

Hannan described an ongoing shift of financial power from the Atlantic to the Pacific in contrast to a steady decline in the EU’s contribution to global economic growth.

Heritage Fund Services obtains ISAE 3402 accreditation

The conformed procedures mark the end of a project to ensure a common platform internationally.

Regulation, Risk & Compliance