The fresh leak of offshore data from The Bahamas will provide HMRC and other global jurisdictions with further ammunition in the ongoing war against tax evasion, says London accountancy firm Blick Rothenberg.
Independent institutional and private client service provider JTC has established the first ever managed trust company in Jersey for a mainland Chinese institution.
Four words spring to mind when discussing the evolution of The Bahamas as a leading international financial jurisdiction: regulation, location, expertise and innovation.
The government could be free to severely restrict how offshore pensions are used following the Brexit vote, according to AJ Bell.
Jersey is recognised by international standard setters as one of the best regulated finance jurisdictions globally and its authorities have full knowledge of the beneficial owners of all Jersey companies, according to Geoff Cook, CEO (pictured), Jersey Finance.
Guernsey would welcome moves to improve transparency across the global financial services industry, according to Guernsey Finance Chairman Lyndon Trott (pictured).
JTC Malta has been awarded a licence by the Malta Financial Services Authority (MFSA) that will significantly enhance its institutional and private client services offering from the jurisdiction.
Since the BVI introduced the Approved Manager regime at the end of 2012 demand has been strong. Currently, there are 101 Approved Managers licensed in the BVI.
Hawksford is now able to provide a full range of trust services to both private and corporate clients in the Cayman Islands, having secured a Trust Licence from The Cayman Islands Monetary Authority.
HM Government of Gibraltar has published for public consultation the proposed legislation for Private Foundations Act 2015 and the Limited Liability Partnerships Act (Amendment) Regulations 2015. The closing date for representations to be made is the 30 November 2015.