Managers of Wealth Offshore

Singapore Vows Tougher Stance After 1MDB Dents Reputation

The Singaporean regulator won’t investigate 1MDB but intends to focus on transactions related to fund flows at financial institutions that may be linked to the sovereign fund

New Alternative Banking Regime approved for the Isle of Man

The new legislation and associated guidance will come into effect on 1st August 2016.

Hedge Funds Push for EU Passport for Cayman and Bermuda

Esma’s advice needs to be approved by the European Parliament, Council and Parliament for the AIFMD passport to be extended and this could prove a lengthy process.

Bermuda EU funds passport decision deferred

The European Commission said it will consider Esma’s recommendations.

Jersey Finance comment on ESMA passporting announcement

ESMA’s mission is to enhance investor protection and promote stable and orderly financial markets.

Polar Capital European Forager Fund Filing. Jamie Cayzer-Colvin Submitted Jul 18 SEC Form

Polar Capital European Forager Fund is based in Cayman Islands.

PM not pleased with banks access to funds policies; Busuttil slams Muscat on Panama Papers

The scope was to look beyond the current economic horizon.

Bermuda tables landmark privacy framework

This framework both adheres to recognised international standards for privacy protection and recognises Bermuda’s growing digital market and unique regulatory environment.

14 Businesses And High Net Worth Individuals Move With Help From Locate Guernsey

Officials says moving wealthy individuals to the island will also have wider benefits for the economy.

Antigua-Barbuda freezes assets of offshore bank implicated in massive corruption scheme

These changes included the passage of the International Banking and International Business Corporation Acts.

Government seeks Caricom`s advice on Brexit

On Thursday, June 23, the people of Britain voted for a British exit from the European Union in a historic referendum.

The central bank predicts 2.57% GDP growth for Antigua and Barbuda

The British Virgin Islands are an associate member.

Earthport inks deal with Bank of the Bahamas

The company did not disclose any financial details of the deal.

Malaysia Adopts Methodology To Thwart Money Laundering, Terrorism Financing

The Labuan Financial Services Authority continued to advance in supervisory cooperation with international regulatory authorities through the exchange of information with counterparties.

BERMUDA: Grandfathered Exempted Funds need to reapply for Registration

This grandfathered period is now rapidly coming to an end.

Uncle Sam Turns Tables on The Bahamas With New Advisory On Crime

It was the second security message issued this year. In January, the US Embassy in Nassau put out a warning over crime in the Bahamian capital.

New U.S. banking rules creating financial headaches in Caribbean

In Jamaica, U.S. bank account holders are receiving notice to take their money elsewhere.

BAHAMAS: Bank Chief’S Warning On ‘Government Interference’

We expect 2016 results to be marginally better than 2015,” he warned shareholders.

Heritage in a strong position to navigate unchartered waters following Brexit

Whilst it is too early to predict how the relationship between the UK and the EU will be redefined, Guernsey’s own relationship with the UK remains unchanged.

Pua asks whether Deloitte was hoodwinked by 1MDB

The authenticity of the investment was publicly questioned and the company came under immense pressure, resulting in the demand for the money to be repatriated.

Regulation, Risk & Compliance