Managers of Wealth Offshore

Cayman Islands updates policy on audit waivers for Cayman funds

The Policy provides a welcome expansion of the circumstances when a fund can apply for an exemption from the annual audit requirement

Cayman updates copyright for digital age

Cayman’s Ministry of Commerce also plans to present a trademark bill to the Legislative Assembly in September

Duo with Irish links at centre of $16bn 'Ponzi scheme' probe

Regulator in Mauritius sought help from Central Bank in its investigation into offshore hedge fund

Int’l assessments and financial legislation changes to come

Cayman will first be assessed by the Global Forum on transparency and exchange of information for tax purposes beginning later this year.

BAHAMAS: Gibson says NIB on a positive path

Benefits increased by 5.7 percent to $258 million from $244 million in 2014; and there was a savings in Administrative expenses of $8.1 million,” he said.

Cayman Islands reinsurance sector gains momentum - Appleby

The segregated portfolio company will focus on reinsuring large blocks of pension risk transfer group annuity contracts and other low convexity and long-duration annuity business.

Global Indemnity Announces Proposed Redomestication to the Cayman Islands From Ireland

The Company will report its consolidated financial results in U.S. dollars and under U.S. generally accepted accounting principles.

Pensions law changes ‘within 18 months’

Governor will not consider pension petition

Panama Law Firm’s Complaint Spurs Geneva Criminal Probe

The arrested technician was alleged to have leaked confidential data and violated lawyer secrecy rules, the newspaper Le Temps reported, citing the law firm’s lawyer.

Bulgarian Parliament amends law on offshore companies

A frequent criticism against the law, however, is that it is virtually not being enforced at all.

Panama Papers show how Malta was used to filter millions by shell companies

The use of the Maltese shell company served to conceal the money trail leading back to the client.

Swiss detain worker for firm tied to leak of Panama Papers

Mossack Fonseca is at the center of the so-called Panama Papers leak, in which an unknown person gave a German newspaper a trove of legal records detailing the owners and clients of thousands of offshore entities.

Comment: Fight offshore critics on the moral high ground

The media, charities funded by international aid and lobby groups should be rebutted with a moral argument, he proposed.

Cayman Islands extends FATCA deadlines

The deadline for such UK FATCA notification was extended from 30 April 2016 to 10 June 2016.

IMF Urges SKN To Implement Land For Debt Policy

The controversial debt-reduction arrangement continues to be criticized by the Team Unity administration, a policy the three-party coalition denounced while in opposition.

Panama Papers committee MEP: ‘Konrad Mizzi should consider preparing for invitation’

Panama Papers MEP says committee should only summon minister to testify after sufficient information is gathered on how financial services industry in Malta allows beneficial owners to hide their identities

How an obscure nonprofit in Washington protects tax havens for the rich

To reach out to American officials and fund its U.S. operations, the center said it needed an infusion of cash for an eight-month campaign: at least $247,000.

'Babes in the woods': Sports fans sidestep 'laughable' Australian betting regulations to 'spend billions in offshore havens'

Racing Australia chief Peter McGauran likened the current restrictions on rugby league and football codes to 'babes in the woods' when pitted against unregulated, foreign betting.

Guernsey proposes central register of beneficial ownership

Guernsey's first consultation paper, on the principle of whether a central registry should be established at all, was issued in May 2015.

Panama Papers Fallout Will Stress Anti Money Laundering Compliance

Sanctions monitoring systems and associated watch-lists will be updated with new data from the Panama Papers leak.

Regulation, Risk & Compliance