Managers of Wealth Offshore

Rectifying the record in Jersey: lessons from Re the C Trust [2025]

The standard of proof that a genuine mistake has been made is the civil standard –namely the balance of probabilities, as pointed out in Maria Trust.

CDOTs: Strategic Gatekeepers in the Global Fight Against Sanctions Evasion and Proliferation Financing

While sanctions regimes have multiplied in number and complexity, the ingenuity of bad actors in circumventing these measures has grown equally sophisticated.

ESMA Publishes Final Report on UCITS Eligible Assets

ESMA has published its final report advising on significant changes to the UCITS Eligible Assets Directive.

Significant changes to Jersey’s Employment and Discrimination Laws effective Friday 25 July 2025

It will be interesting to see how the Tribunal’s new powers are exercised in cases which commenced prior to the law coming into force.

MFSA reinforces market transparency through thematic review of listed companies’ disclosures

In some cases, disclosures were found to be poorly formatted or inaccessible, with scanned documents that are difficult to read or not compliant with digital standards.

Assisting Cor Prime ISAC Ltd. receive Class M digital asset business license in Bermuda

Cor Prime has been established as an incorporated segregated accounts company under the Incorporated Segregated Accounts Act

Bankers warn of increase in new ATM scam attacks

“We encourage the public to stay alert and report any suspicious activity directly to their bank without delay.”

St. Kitts and Nevis CIU Implements AML/CTF Protocols and Partners with leading EU-based Firm to Reinforce Due Diligence

This partnership will further strengthen the system through the implementation of additional multi-layered background verification processes

A Panama Banking Fraud Ring Falsified Employment and Social Security to Obtain Bank Loans

This is how the network operated: they falsified employment letters, Social Security records, and reference notes from nonexistent companies to make it appear they were eligible for bank loans.

Guernsey’s New Prospectus Rules unveiled

Under the New Prospectus Rules, prospectuses relating to a Category 2 Investments may only be circulated to potential investors

Guernsey funds – special considerations for US managers

Guernsey provides tax neutral environment for funds and fund managers.

Warning as scammers use fake Manx Telecom emails to target victims

Dozens of accounts have been compromised

A guide to Jersey fund regulation

Jersey offers a location for investment funds which does not impose its own tax burden on an investment fund or its investors.

Managing the property and affairs of incapacitated persons in the British Virgin Islands

The BVI MHA is an important piece of legislation that can help ensure the proper administration of offshore assets when individuals become incapacitated.

Bermuda deserves a referendum on Caricom

This is usually followed by a White Paper, which is policy document produced by the Government that sets out its proposals for future legislation.)

Unlocking Growth: What the latest changes to Jersey private funds mean for private capital

This should simplify dealings with investors from the UK and US, two of Jersey’s closest partners.

Insights from the BMA’s Second Consultation Paper on Digital Identity Service Providers

The BMA’s move towards the regulation of DISPs is a logical development in Bermuda’s digital regulatory evolution and will help maintain Bermuda’s position as a trusted market leading digital hub.

Bust Guernsey finance company and owner fined £210,000 for handling Russian investments

The GSFC discovered that ITI Trade's trading levels significantly increased in the first half of 2022, following Russia's invasion of Ukraine, with their assets rising by more than 440%.

BML unveils INR accounts, marking major milestone in cross-border banking

BML’s CEO and MD went on to reveal that the bank anticipates wrapping up the process by the end of 2025

Deputy calls for higher tax customer service standards

There are political calls for tougher customer service standards as part of a renewed drive to sort out the crisis at the Revenue Service.

Regulation, Risk & Compliance