Managers of Wealth Offshore

Ramsey Commissioners asks HSBC to reverse branch closure decision

If this goes ahead, the Isle of Man will have only one branch of HSBC and it’s going to be a big blow to the public.

Cayman Islands: Beneficial Ownership Register Requirements

It deals in broad terms with the requirements of Part XVIIA of the Companies Act

FTX US and Bahamian joint provisional liquidators reach cooperation agreement

Judge Lewis A. Kaplan set a tentative trial date of October 2.

CIMA says director contravened Directors Registration & Licensing Act

If the allegations remain unchallenged, it will mean that Qin cannot act as a director of entities registered with CIMA.

Anti-GST campaign launched

There will be a peaceful protest outside the Royal Court from 08:30 until 09:30.

HDC used MVR 253 million in breach of regulations, Audit report reveals

The audit report revealed HDC’s then-board had discussed and agreed with the decision.

Central Bank says Trinidad’s economic activity “gradually taking shape”

It said supply shocks caused rapid increases in food and fuel prices resulting in multi-decade high inflation in many countries.

Remittances of 20 million: Greece asks Panama about Eva Kaili’s accounts

The request followed the rumors, also ricocheted on social networks – and closely denied by Kaili’s lawyer – about an alleged account held by the Greek MEP and her parents at the Panamanian Bladex Bank.

Gov’t to amend Central Bank Act to cover usage of IMF special drawing rights

“The Central Bank worked closely with the Government in concluding these arrangements to access the SDRs,” Rolle said.

Tax crackdown threat for Business Licence renewal

By better matching business tenants to their commercial landlords, the tax authorities’ goal is to detect those among the latter who lack the necessary Business Licence

Feds issue warning over cryptoasset risks

It caused a near domino effect that saw more than 100 linked companies file for bankruptcy or suffer heavy losses.

Gov’t pledges law change over its $233m borrowing

Combined with total issued Treasury Bills, and securities issued or guaranteed by the Government and its corporations, total outstanding loans to the former by the Central Bank cannot exceed 30 percent of the Government’s “average” or &a

Watchdog punishes investment firm’s “serious” failings

90% of its clients were deemed to be high-risk wealthy individuals from, or linked to, jurisdictions known to foster money laundering, terrorist financing, bribery, and corruption.

Continuation by a BVI company to a foreign jurisdiction

This process is sometimes referred to as a corporate migration, redomiciliation or transfer of place of incorporation.

Legislative Clarification on the Luxembourg Reverse Hybrid Entity Tax Rule with Retroactive Effect

The rule now requires that the double non-taxation outcome resulting from the reverse entity must only be due to the mismatch classification of such entity.

Data protection registration and renewal window opens

The annual registration fee is based on the number of ‘full-time equivalent’ staff in each organisation and is unchanged from last year

Bahamas regulator has seized $3.5 billion of FTX assets

The regulator seized the assets under a court order on 12 Nov. because of a risk of “imminent dissipation” of the assets, the commission’s executive director Christina Rolle said in an affidavit filed with the Bahamas Supreme Court.

Natwest responds to bank fraud cases

Where customers have not supplied any card details, reported cases of plastic card fraud will be refunded in full.

New requirement - Advertising for Cayman Islands temporary work permits

Generally speaking, anyone wishing to work in the Cayman Islands must first obtain permission to work, unless they are Caymanian.

Bank fined €310,000 for failings on anti-money laundering laws

ECCM did not indicate where a transaction of €100 million came from

Regulation, Risk & Compliance