Managers of Wealth Offshore

RCA Bermuda Symposium - Give the Gift of Bermuda

Appleby Sponsoring RCA's Regulation, Operations and Compliance Bermuda Symposium on 22 - 24 April 2015

Isle of Man ideal base for QNUPS

If that is not the case, QNUPS can be deemed as having been established for tax avoidance.

Malta completes its Securitisation Cell Company regs, ready for ILS

Malta, a domicile targeting the insurance-linked securities, catastrophe bond and reinsurance convergence sector, has now completed its Securitisation Cell Company regulations which bring together the special purpose reinsurer concept with protected cells

Cyprus eases controls on capital outflows

The authorities closed the banks for two weeks in spring 2013 as they put the final touches on a ¤10bn bailout by the European Union and the International Monetary Fund.

Hong Kong ORSO schemes dealt FATCA threat

Hong Kong’s financial institutions have been urged to assess whether their Occupational Retirement Schemes Ordinance (ORSO) retirement schemes are required to comply with the requirements of the US Foreign Account Tax Compliance Act, which aims to p

Channel Islands Securities Exchange bounces back from scandal

Tucked away in a picturesque side street near the seafront of St Peter Port is a stock exchange that lists bonds issued by some of the world’s biggest companies.

Changing the Maltese pensions landscape

On Wednesday November 12, Prof Edward Scicluna launched the Third Pillar Pension scheme, encouraging low income earners to start saving for their retirement.

Guernsey’s funds offering to be given technical analysis

A technical showcase of Guernsey's funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year, hosted by Guernsey Finance and the Guernsey

Bahamas: Central Bank Slammed ‘All Facets’ Of Bob’S Lending

The Central Bank first raised the alarm over Bank of the Bahamas’ “very weak” commercial loan portfolio almost two years ago

Elian launches ground breaking client due diligence app

The firm has launched a ground breaking app that provides a paperless alternative to certified true copies for individual client due diligence (CDD) purposes.

New managed account regime for Jersey hedge fund managers

An exemption which will enable Jersey-regulated fund managers to be appointed in relation to managed accounts has now been introduced.

Anguilla issues alert over Venables' football fund

The Football Talent Fund backed by former England and Tottenham Hotspur manager Terry Venables is in trouble with regulators in the Caribbean.

New IOM Regime For Foreign Companies

The provisions of Part XI had been amended from time to time to legislate against perceived abuses by foreign companies.

Government won’t close Cayman Islands Development Bank

The Cayman Islands government will not shut down its loss-making development bank, Finance Minister Marco Archer signaled Wednesday during his presentation of the government’s annual strategic policy statement.

S.E.C. Settles Swiss Secrecy Case With HSBC

The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.

Channel Islands: Warning over 'fake' offshore bank

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.

BAHAMAS: Commonwealth Bank completes BASEL III exercise

The preference share redemption was part of an exercise to comply with the Basel III international agreement.

Plans to reduce cost of business on the Rock

The news was presented by Gemma Vasquez at the Gibraltar Federation of Small Businesses' annual dinner at the Rock Hotel where she asked that business issues would be raised.

AIFMD — marketing offshore AIFs  into the EEA: the Guernsey, Jersey and Cayman Islands view

Those AIFMs that hold back from marketing into the EU on an active basis

FATCA: Cost-Overruns Come with the Territory

That is, if they haven’t faced the music already.

Regulation, Risk & Compliance