Managers of Wealth Offshore

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.

Bahamas to Undergo CFATF Review in 2015

The country’s financial sector will once again be brought under a microscope as the industry will undergo a fourth round of reviews by the Caribbean Financial Action Taskforce next year.

Guernsey Banking Deposits Grow In Q3

The value of deposits held by banks in Guernsey grew by £3.5 billion (4.5%) during the third quarter of the year.

Guernsey’s Funds Offering To Be Given Technical Analysis

Review of the financial sector in Mauritus by Rundheersing Bheenick, Governor of the Bank of Mauritius

Looking back over the global landscape in recent years, characterised as it has been, by painful adjustments in financial and economic affairs, it is hard to avoid the conclusion that we have been lurching from crisis to crisis.

HSBC Unit Charged by Belgian Prosecutors in Tax Fraud Probe

These companies, which are based in Panama and the Virgin Islands, exist for the sole purpose of tax evasion, they added.

Meeting of the Crown Dependency Regulators

The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014.

Regulation, Risk & Compliance