Managers of Wealth Offshore

Republic to probe FIFA-related wire transfers

Republic Bank Ltd managing director David Dulal-Whiteway has said the bank is doing an internal investigation into the FIFA-related wire transfers.

Achieving Regulatory Alpha through Regulatory Enterprise Risk Management

From managing systemic risk to enhancing transparency and investor protection, firms are grappling with balancing the demands of an ever-changing regulatory landscape with limited budgets and operational resources.

GFSC consults on the regulation of personal pension schemes

The paper has been developed at the request of HM Government of Gibraltar and is designed to support the further development of the market for personal pensions and ensure that personal pensions continue to be subject to appropriate regulation and investo

Jersey introduces sex discrimination law

The States of Jersey has introduced legislation that outlaws discrimination against anyone based on their gender

Gibraltar QROPS operator accountability set to rise

Gibraltar QROPS operators could see their responsibilities as a trustee extend to include the due diligence of overseas financial advisers

Bermuda banking sector changes underway

Bermuda’s government is looking to restructure its banking industry as it seeks to make the jurisdiction even more attractive to the international re/insurance industry and also help improve the island’s unemployment rates.

Two More Private Banks Reach Resolutions Under Justice Department's Swiss Bank Program

“The days of safely hiding behind shell corporations and numbered bank accounts are over,” said Acting Assistant Attorney General Caroline D. Ciraolo of the Department of Justice’s Tax Division.

Bermuda Makes Key Changes to Partnership Laws

The vast majority of partnerships on the registry are private

How Corrupt Is Britain? Massively

Some of the attendant issues are familiar enough — police practices that include infiltration, entrapment, manufacturing evidence, killing unarmed men, ignoring evidence of child abuse and evidence of high-level corruption, revealed with worrying re

Two of Britain's largest banks caught up in FIFA corruption scandal

Two of Britain's largest banks have been named in the corruption crisis engulfing world football

Liquidators of failed Cayman Islands-based hedge funds sue Barclays

Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.

Basler Kantonalbank says to pay 38.6 million euros in German tax probe

Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.

Four Banks Reach Resolutions Under Department of Justice Swiss Bank Program

The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no

London sets up catastrophe bond task force

To tap into the fast-growing $22 billion market for catastrophe bonds as low-tax hubs such as Bermuda

Gibraltar Joins International Information Exchange Agreement

Agreement Strengthens International Supervisory Cooperation, Promotes Enhanced Consumer Protection

OECD Permanent Estabishment proposals could impact Channel Islands

The OECD has just released its revised proposals on the Permanent Establishment (PE) rules in Article 5 of the OECD Model Tax Treaty

Submit proof to freeze Abhishek Verma's bank account, says Liechtenstein to ED

This is the second time that Liechtenstein authorities have refused to share the details with Indian agencies.

Books balanced, cash in bank

Operating Expenses are up by $16 million compared to the 2014/15 budget

Money Laundering Regulations make Cyprus equivalent jurisdiction

The change means that Cypriot service providers to Cayman Islands funds can now undertake anti-money laundering procedure functions

UBS must buy back investor's Puerto Rico bond funds for $1 million

The decision is unusual because it explains the reasons behind the ruling.

Regulation, Risk & Compliance