Managers of Wealth Offshore

HSBC begins closing Jersey accounts

The bank is carrying out checks on the identity and address of thousands of its customers on the Channel Islands, and is closing accounts that do not meet tax compliance standards.

Elian launches ClientCheck - the comprehensive CDD outsourcing solution

ClientCheck has been developed to benefit a wide range of regulated businesses including accountants, asset managers, banks, fund managers, lawyers and trust companies. All types of CDD subjects are supported including individuals, partnerships, private c

PAC wants offshore accounts holders exposed

The findings follow a massive cache of leaked data that revealed how the Swiss banking arm of HSBC, the world’s secondlargest bank, helped wealthy customers conceal billions of dollars of assets.

Isle of Man launches Insurance Special Purpose Vehicle legislation

The Isle of Man Government has launched new legislation in respect of Insurance Special Purpose Vehicle (ISPV) legislation which enhances the Island’s proposition for insurance business

DMS Offshore Investment Services Wins Another Award

"DMS is honored to be recognized again this year for the quality of our service to the global hedge fund industry," stated Anne Storie, CEO of DMS.

Compliance= Change or Extinction

In the financial services industry, compliance refers to adherence to the regulations, policies, and guidelines that apply to a financial institution

Jersey to evolve QROPS legislation ‘step by step’

A former accountant, Gorst was recently re-elected as chief minister for a second term.

Crestbridge report examines key AIFMD issues

Risk management, cost and changes in fund structuring are the key issues for managers and investors arising from the initial impact of the Alternative Investment Fund Managers Directive (AIFMD)

New managed account regime for hedge fund managers

The exemption will enable fund managers that are already regulated under the Financial Services (Jersey) Law to carry out fund services business and service QSMAs without needing to seek additional regulation in order to conduct investment business under

Regional finance ministers to meet in Bahamas

Caribbean finance ministers will meet here from Thursday for the Fourth Meeting of the Governors of the Caribbean Country Department of the Inter-American Development Bank.

Concern raised on offshore pension transfers post-April

The new pension freedoms, set to come in from 6 April will apply to all UK money purchase pension schemes.

Mauritius' KPMG tasked with restructuring BMIO, Seychelles Central Bank has announced

Work has started to implement the restructuring process of the Bank of Muscat International Offshore in Seychelles announced by the Central Bank of Seychelles in December last year.

Jamaica: CAC head bemoans lack of cooperation from banks

Head of the Consumer Affairs Commission Dolsie Allen says the agency is still having difficulties getting certain information from financial institutions to assist with its work.

Guernsey: How Is More Regulation Impacting Fund Distribution?

Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry

GFSC launches consultation paper on revising laws

The Guernsey Financial Services Commission (GFSC) has issued a formal consultation paper seeking feedback from the financial services industry on a number of proposals to amend the Bailiwick’s supervisory and regulatory laws.

Private client structuring: private trust companies and private trust foundations

Guernsey is renowned for being one of the leading jurisdictions for fiduciary work having built a strong reputation over decades and providing private clients with the right wealth structures quickly and with a high degree of expertise and professionalism

Regulation, Risk & Compliance