Managers of Wealth Offshore

Domestic banks reject EU finance fusion

The Brunetti committee was commissioned by the government in September 2013

Financial Institutions failing to register may face penalties

Maples law firm published a piece that stated, “Following the 1 January 2015 deadline, an entity that is an RFI (whether in the Cayman Islands or in the BVI) that has failed to register with the IRS is likely to have any future receipt of US sourced

Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again

Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.

Cayman Finance welcomes Cayman Islands Government stance on beneficial ownership

Cayman Finance CEO Mr. Jude Scott today welcomed the recent statement from the Cayman Islands Government regarding the beneficial ownership changes being insisted upon by the UK.

FATCA Ropes in Vatican Bank on Offshore Account Compliance

The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA

Cayman Islands: Government Issues Beneficial Ownership Report

The consultation was conducted by the Ministry of Financial Services and Commerce.

Global bank regulator proposes standardised minimum capital measure

However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.

Russia to ban offshore companies from winning state contracts

The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.

The Vatican Bank, Christmas Cheer, And FATCA

For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy

CIMA phasing in e-gov in 2015

The new system is called REEFS, which stands for Regulatory Enhanced Electronic Forms Submission

1MDB says PKR MP confirmed wisdom in keeping funds in Cayman Islands

PKR MP Wong Chen’s observation of currency gains made by 1 Malaysia Development Bhd through its offshore accounts in the Cayman Islands validates its concern over foreign exchange fluctuations

Brevan Howard Changing Leadership in Emerging Markets Fixed Income, Waiving Fees

The Class A shares of the Emerging Markets Fixed Income fund were down -0.19 percent in November after finding difficulty during much of the fall.

Cayman's budget 'freedom' curtailed by FFR

Fiscal framework to remain in place indefinitely

Guernsey ups the anti for new funds

Looking at the Crown Dependencies, Jersey saw a 6% increase over the previous half-year, while Guernsey saw something of a dip in the number of new company incorporations.

Guernsey Funds Sector Demonstrates Stability Over Third Quarter

Overall, the net asset value of all funds under management and administration in Guernsey fell by £0.4 billion

Focus remains on governance in fund industry

Single investor funds and managed accounts have also become increasingly popular again following the experiences of the 2008 crisis

Cayman releases V2 FATCA Guidance Notes

Just days away from the 22 December deadline for many financial institutions to register with the US tax authorities to obtain their Global Intermediary Identification Number by 1 January 2015

Bermuda Seeks to Increase Regulation with Insurance Amendment Act 2014

Aligning Bermuda’s insurance framework to take into account Solvency II standards and initiatives;

Duff & Phelps Launches Financial Regulatory and Compliance Practice with Acquisition of Kinetic Partners

As a result of this transaction, Duff & Phelps will create a dedicated Financial Regulatory and Compliance Practice, based on Kinetic Partners’ recognized leadership in providing regulatory consulting and compliance counsel to the financial serv

Switzerland Fissures as Account Secrecy Loses Charm

Fortress Switzerland is showing more cracks.

Regulation, Risk & Compliance