Managers of Wealth Offshore

More changes to Bahamas economic substance and beneficial ownership regimes

In October 2022, the Council of the European Union (the EU Council) added the Bahamas to its list of non-cooperative jurisdictions for tax purposes.

BMA extends deadline for climate change consultation

“This deadline extension recognises the overall importance of industry feedback, in guiding the BMA’s approach to public climate risk disclosure,” the BMA said.

New boss at Citizens Advice pledges improvements

That small team dedicated over 12,500 voluntary hours to the charity last year, providing independent, impartial, confidential, and free advice to anyone who requested it.

Jersey and Bahrain strengthen bilateral ties

The widening of our bilateral ties can boost not only our political and economic relationship, but also highlights our joint commitment to encourage sustainable development of innovation

Philippines wants its workers in Malta protected against abuse

Agreement would ensure Filipinos experience ‘less exploitation and abuse’

SiriusPoint forms strategic partnership with specialty underwriter

Marc Garganigo, managing director, ProVerity Underwriters added: “I am thrilled to have SiriusPoint as our carrier partner.

Easing of bond market issuance as yields rise

Rate cuts by major central banks in 2024 could instigate additional corporate bond issuance

IoD guidelines for Jersey Directors 6th edition launched

Considering our rapidly changing world,

UK presses Guernsey to open up on who really owns companies

“The UK and the Crown Dependencies have differing legal views on implementing publicly accessible registers in light of the CJEU ruling,” said UK Home Office Minister, Thomas Tugendhat.

Mauritius regulatory update: Financial Services Commission guidelines for digital signatures

The purpose of the guidelines is to specify the minimum standards which the FSC would expect its applicants and licensees to observe

First Atlantic Commerce signs MoU with MasterCard

FAC said the partnership would also promote the implementation of innovative digital acceptance solutions

A guide to JPUTs (Jersey Property Unit Trusts)

A Jersey Property Unit Trust (JPUT) is a legal structure whereby legal ownership of assets (primarily non-Jersey real estate) is vested in one or more trustees

Restrictions as broadband and mobile users face mid-contract price hikes

Malta Communications Authority 'seriously concerned' about price clauses

Migration to the Cayman Islands and the SEC private fund adviser rules

This update provides an overview of the types of entities that can be migrated into the Cayman Islands

Guernsey funds legal and regulatory update December 2023

The States of Guernsey Policy and Resources Committee has issued guidance (here) on the application and scope of the new requirements.

Barriers to Business report published with 38 recommendations for Government

Throughout the research, businesses were asked to identify the positive experiences they have of doing business in Jersey.

Strategy unveiled to strengthen the fight against financial crime

Global Participation: The Island will actively participate in the global fight against financial crime.

Changes possible to the Isle of Man Depositors’ Compensation Scheme

The intention is to update the DCS to make it more effective, enhance the timeliness of payments, and maintain confidence and stability in the island’s financial system.

Isle of Man Trusts and Trustees Act 2023 Update

Where a trustee is entering into a transaction with a third party as a trustee, and has informed that third party in writing that it is transacting as a trustee, then the trustee’s liability is limited to the value of the trust property.

Guernsey funds legal and regulatory update December 2023

The Registry has issued a template for LP Incs to use when submitting their particulars of governance

Regulation, Risk & Compliance