Managers of Wealth Offshore

MainstreamBPO expands global footprint

MainstreamBPO chief executive Martin Smith said the strategy will bring "critical mass" to its operational capability and clients within Europe and the Caribbean.

The Bahamas in process of enhancing its regulatory regime

It is time for a refresh of the 2003 Investment Funds Act which provided for these innovative instruments which support private wealth management.

ESMA finds improvements in regulators’ supervisory practices concerning MIFID rules

The Follow-up Report has concluded that the NCAs from Lithuania, Latvia, Malta, Poland, Portugal and Romania have addressed all of the deficiencies previously identified.

Gibraltar firm fined and directors banned over pension schemes

A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.

Panama’s financial reform agenda must prioritize combating tax evasion – UN expert

While the expert said the focus of the Panamanian authorities should be on the fight against tax evasion, he also acknowledged their efforts to promote financial and corporate transparency and to strengthen the financial regulatory system, adding that Pan

Aussie QROPS Fears As Expat Pension Rules Change

Australia has traditionally hosted the largest number of QROPS worldwide

BEPS Action 13: OECD releases CbC reporting implementation status and exchange relationships between tax administrations

More jurisdictions will nominate partners with which they will undertake the automatic exchange of CbC Reports under the CbC MCAA in the coming months.

UAE offshore companies: can they really compete?

A major advantage is the banking account opening.

Vizor Software Selected by the Securities Commission of The Bahamas

Securities Commission of The Bahamas goes live with Vizor regulatory supervision software

Independent Strategic Group joins London Stock Exchange Elite scheme

With over 750 companies, advisers and investors from 26 countries in the scheme, ISG is the only Jersey business to have been selected and forms one of only 100 companies participating from the UK.

Brexit: Jersey could be used as a bargaining chip

There is a conflict of interest between the UK and Jersey.

Govt plans to expand Super Tax net to individuals

It was for the first time during the current budget making exercise that presentation on taxation measures was shared with anybody outside the FBR headquarters.

The Cayman Islands Stock Exchange Listing Rules 2017 Revision

The CSX will allow the listing of an issuer without the standard track record.

Guernsey unveils new pension supervisory framework

Firms providing pensions have always been subject to licensing and supervision

IoM regulator to publish members’ conflicts of interest

No fewer than seven members, which includes the chief executive, are appointed by the Isle of Man Treasury to the FSA.

TISE launches Channel Islands and Isle of Man segments

Companies are eligible for inclusion on the Channel Islands or Isle of Man segments if they are trading companies

New Heads Of Agreement For Management Of Baha Mar

CFTE operates over 60 hotels worldwide and has gaming investments and operations in Australia and other developments around the world.

GCC desire for innovation together with robust financial regulation on the agenda for Jersey Finance event

The event has seen the launch of a joint Jersey Finance and Hubbis white paper on "Driving forces behind HNW investors" examining trends and developments in the GCC.

Morgan Sharpe rebrands to Estera

The deal completed on Friday 28 April and will see Morgan Sharpe, rebranded under the Estera name to become Estera Administration (Guernsey) Limited.

Offshore wealth: Tax amnesty to lure back money opposed

Mainstream political parties that have a presence in parliament on Wednesday opposed the government’s move to offer a tax amnesty scheme in order to lure Pakistanis who have stashed money abroad to bring their wealth back. The government put to tes

Regulation, Risk & Compliance