Managers of Wealth Offshore

New company linked to Macri family in Panama Papers documents

No other firm was named on those documents, which requested payments for lawyers and even correspondence asking for permits for the two firms to be handled simultaneously.

Jersey growth fund paves way for Brexit, digital and data protection initiatives

The second allocation, £324,000, will enable Jersey to respond to the introduction in 2018 of the EU’s General Data Protection Regulation.

Guernsey regulator signs MoU with Abu Dhabi counterpart

Zoë Cousens, Guernsey Finance’s Middle East representative, who was present at the signing ceremony along with Chief Executive Dominic Wheatley, said the MoU would aid her work in the region.

Cayman Islands: Proposed Bills Are Intended To Strengthen Cayman's Financial Services Industry

The Bills are the Monetary Authority Amendment Bill, 2016; the Non-Profit Organisations Bill, 2016; the Auditors Oversight Amendment Bill, 2016; and the Companies Management Amendment Bill, 2016

Ministry brings key bills ahead of task force review

Officials also said the draft bills, which will be debated when parliament meets in October, also provide greater clarity about the type of businesses that have a responsibility to adhere to the international standards.

Curaçao Central Bank reports on ‘uneven developments’ in monetary union

Curaçao registered zero inflation, and St. Maarten recorded deflation resulting in an average drop of 0.9 per cent in consumer prices during the January-March period of 2016.

European infrastructure would benefit from a Guernsey AIFMD passport

Given Guernsey is already a third country, its attractiveness as a jurisdiction would increase due to the stability and security its unchanged status affords.

Customer Due Diligence in the Post-Panama Papers Era

KYC procedures are often viewed as a check-the-box activity

Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms

The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.

Italy places Cayman on ‘whitelist’

The Cayman Islands continue to make positive strides as a reputable international financial centre as it co-operatively develops legislation for the AIFMD compliant regime to market into Europe beyond the national private placement regimes.

Limited role for Dutch Central Bank on islands

The prudential supervision is limited to the good governance, integrity and management at these branches in the Caribbean Netherlands.

CISE updates listing rules for investment business

The other main change in the listing rules includes the adoption of a principles and guidance based approach

BAHAMAS: Bob Non-Compliant With 80% Of Regulatory Ratios

The former figure is also well below the 9.6 per cent minimum set by the Central Bank.

Ireland as a Base for High Net Worth Individuals - Maples & Calder

It is also the world's leading jurisdiction for aircraft finance and leasing.

European Commission recognises quality of Jersey’s auditor oversight regime

The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.

Barbados budget penalises banks, but encourages compliance

As part of this plan, several tax measures were announced in the budget statement.

Crowe Horwath to audit Cayman captives

Crowe Horwath’s license to audit became effective 19 July.

CEO guards against increasing bank fees - FirstCaribbean

He highlighted one of the main problems that most banks, especially in the Caribbean, are faced with that could be attributed to their increasing their bank fees.

Cayman Introduces New Copyright Law - HIGGS & JOHNSON

The revamping of the copyright protection framework was driven by the desire to encourage and support the work of local creators as well as offer greater protection to international creators who wish to invest or conduct business in Cayman.

JFSC signs MoU with Liechtenstein’s Financial Market Authority

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

Regulation, Risk & Compliance