Managers of Wealth - Offshore http://offshore-bankers.net/ Fri, 10 Jul 2020 01:05:36 BST part of MediaG8way Group http://offshore-bankers.net/ http://offshore-bankers.net/assets/images/logo.png Managers of Wealth - Offshore KohanaPHP World Wealth Report 2020 News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41164/world-wealth-report-2020 High net worth individuals show interest in sustainable investing, scrutinize fees and want hyper-personalization Wealth and Asset Management Women and wealth: trends that shape philanthropy, risk and choosing trustees News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41165/women-and-wealth-trends-that-shape-philanthropy-risk-and-choosing-trustees Wealthy men and women both like to give to various causes and may well set up philanthropic entities like foundations to leave significant amounts to causes close to their hearts. Wealth and Asset Management Creating Wealth: Taking successful business experience overseas through a joint venture News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41139/creating-wealth-taking-successful-business-experience-overseas-through-a-joint-venture In order to ensure the venture was a success, they required help with legal, regulations and finances and in effective implementation of various governance, banking and accounting processes. Wealth and Asset Management Why the Channel Islands for Private Investment Funds? News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41122/why-the-channel-islands-for-private-investment-funds Neither of the private fund regimes in the Channel Islands requires a prospectus to be drafted or published and this clearly has the potential to save cost and time. Wealth and Asset Management Equiom expands its European footprint with Netherlands acquisition News Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41098/equiom-expands-its-european-footprint-with-netherlands-acquisition This marks the first step in a broader strategy for Equiom to increase the provision of services for asset managers in Tier 1 jurisdictions. Wealth and Asset Management JTC Wins Mandate for New Brooks MacDonald International Funds Business News Team Thursday, July 02, 2020 1:00 am http://offshore-bankers.net/article/41053/jtc-wins-mandate-for-new-brooks-macdonald-international-funds-business The acquisition is expected to complete later this year, subject to regulatory approval, and represents a high-quality investment offering for an affluent and high net worth client base, with Funds Under Management of £1bn (May 2020). Wealth and Asset Management JTC Completes Acquisition of Sanne Private Client Business News Team Wednesday, July 01, 2020 1:00 am http://offshore-bankers.net/article/41027/jtc-completes-acquisition-of-sanne-private-client-business The deal forms part of JTC’s ongoing growth strategy, with the company continuing to see opportunities for organic and inorganic growth across both its Institutional and Private Client Services divisions. Wealth and Asset Management Family Values: Take Back Time – Family Office Services News Team Wednesday, July 01, 2020 1:00 am http://offshore-bankers.net/article/41036/family-values-take-back-time-ampndash-family-office-services Life is complex and it is no wonder ‘money-rich, timepoor’ is still an expression that can be found used twenty years later. Wealth and Asset Management Act fast in the face of transformation in the Island’s wealth management sector News Aggregation Team Tuesday, June 30, 2020 1:00 am http://offshore-bankers.net/article/41000/act-fast-in-the-face-of-transformation-in-the-islandamprsquos-wealth-management-sector Client expectations are changing because the clients themselves are changing. Wealth and Asset Management Labuan IBFC: 30 Years of Intermediating Asia - Exclusive Interview with Director General, Labuan Financial Services Authority News Team Tuesday, June 30, 2020 1:00 am http://offshore-bankers.net/article/41004/labuan-ibfc-30-years-of-intermediating-asia-exclusive-interview-with-director-general-labuan-financial-services-authority Get an indepth exclusive on Labuan IBFC, his thoughts about the industry performance for 2019 as well as his future plans and aspirations for the jurisdiction. Wealth and Asset Management Further Growth Sees Crestbridge Head of Institutional Client Operations Move to Luxembourg News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41151/further-growth-sees-crestbridge-head-of-institutional-client-operations-move-to-luxembourg Michael’s move comes after an incredible year of growth for Crestbridge in Luxembourg, having doubled its team, made three senior hires, and moved to larger premises. Executive Moves Conyers Cayman Office Welcomes New Head of Corporate Services News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41158/conyers-cayman-office-welcomes-new-head-of-corporate-services “Her extensive experience and track record of success strengthens our corporate service offering and we look forward to seeing the practice thrive under her leadership.” Executive Moves Leading offshore law firm announces six appointments in the Channel Islands News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41160/leading-offshore-law-firm-announces-six-appointments-in-the-channel-islands These latest appointments include members from both the Corporate and Dispute Resolution teams. Executive Moves Dominic Wheatley Joins Cutts-Watson Consultancy News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41163/dominic-wheatley-joins-cutts-watson-consultancy Mr Wheatley’s appointment reflects CWC’s ethos of acting as a Trusted Adviser Executive Moves Carey Olsen's Sheba Raza named Co Vice-Chair of The Bermuda Society News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41142/carey-olsenamp039s-sheba-raza-named-co-vice-chair-of-the-bermuda-society Carey Olsen corporate lawyer Sheba Raza has been appointed Co Vice-Chair of The Bermuda Society. Executive Moves Highvern creates new finance and tech role News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41149/highvern-creates-new-finance-and-tech-role Joseph will report to Highvern Managing Director, Martin Hall, who adds “these are very exciting times at Highvern and with Joseph’s arrival we can look forward to accelerating towards the next phase of our development. Executive Moves Butterfield strengthens client services with senior appointment News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41109/butterfield-strengthens-client-services-with-senior-appointment Having spent more than 30 years within the finance industry, Mark joins Butterfield with extensive experience of banking, foreign exchange and alternative investment products. Executive Moves Dickinson Gleeson makes Partner promotion News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41113/dickinson-gleeson-makes-partner-promotion He is also regularly instructed in relation to employment and probate matters. Executive Moves Director promotion at Deloitte News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41116/director-promotion-at-deloitte Her promotion is fully deserved and reflects her continued success winning in the asset servicing market, growing client relationships and her commitment to the development of our people and wider business. Executive Moves Rawlinson & Hunter makes executive appointment News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41117/rawlinson-ampamp-hunter-makes-executive-appointment He has joined the firm after almost 13 years at Credit Suisse. Executive Moves Ireland ESG Series - Part 3: Taxonomy Regulation News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41155/ireland-esg-series-part-3-taxonomy-regulation This regulation applies to measures adopted by the European Union or its member states that set out requirements for financial market participants or issuers in respect of financial products Tax OECD forum’s head of secretariat welcomes tax battle progress News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41159/oecd-forumamprsquos-head-of-secretariat-welcomes-tax-battle-progress The international body highlights the success of automatic exchange in fight against tax evasion Tax India’s equalisation levy: Why the low-threshold digital services tax poses challenges for multinationals News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41168/indiaamprsquos-equalisation-levy-why-the-low-threshold-digital-services-tax-poses-challenges-for-multinationals Pillar One addresses taxing-rights allocation, profit allocation and nexus rules. In particular, it examines how to tax large multinationals that generate profits where they don’t have a traditional tax presence. Tax Is catching tax evaders the answer to settling covid-19 debt? News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41130/is-catching-tax-evaders-the-answer-to-settling-covid-19-debt Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’ Tax INSIGHT: No Capital Gains Tax Exemption under India–Mauritius Tax Treaty News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41147/insight-no-capital-gains-tax-exemption-under-indiaampndashmauritius-tax-treaty Shailendra Sharma discusses an interesting case whereby an indirect share transfer triggered a sale by a Mauritius entity, with assets located in India, and the capital gains tax exemption under the India–Mauritius tax treaty could not be applied. Tax From Mauritius to South Africa; Here are the Top 10 Safe Havens for Businesses in Africa and What They Offer News Aggregation Team Sunday, July 05, 2020 1:00 am http://offshore-bankers.net/article/41090/from-mauritius-to-south-africa-here-are-the-top-10-safe-havens-for-businesses-in-africa-and-what-they-offer Tax havens also have favourable regulations and general ecosystem that makes starting a business easy and profitable. Tax International community continues making progress against offshore tax evasion News Team Friday, July 03, 2020 1:00 am http://offshore-bankers.net/article/41073/international-community-continues-making-progress-against-offshore-tax-evasion The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis Tax Scotland Office minister Iain Stewart’s office bankrolled by firms linked to tax havens News Aggregation Team Wednesday, July 01, 2020 1:00 am http://offshore-bankers.net/article/41019/scotland-office-minister-iain-stewartamprsquos-office-bankrolled-by-firms-linked-to-tax-havens Iain Stewart’s constituency office received more than £50,000 from subsidiaries of companies registered in Belize, Curacao and the British Virgin Islands, Tax Millionaires in Latin America Weigh Moving to Sidestep Tax Grab News Aggregation Team Wednesday, July 01, 2020 1:00 am http://offshore-bankers.net/article/41023/millionaires-in-latin-america-weigh-moving-to-sidestep-tax-grab Uruguay cuts tax residency requirements to attract investors Tax International community continues making progress against offshore tax evasion News Team Wednesday, July 01, 2020 1:00 am http://offshore-bankers.net/article/41026/international-community-continues-making-progress-against-offshore-tax-evasion The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis Tax Ireland ESG Series - Part 4: Proposed Amendments to UCITS and AIFMs News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41154/ireland-esg-series-part-4-proposed-amendments-to-ucits-and-aifms On 8 June 2020, the European Commission published draft delegated acts relating to amendments to legislation governing UCITS; AIFMs; insurers; and investment firms and advisers. Regulation, Risk & Compliance 3 Key Lessons From The FATF’s Report On Its Virtual Asset Review News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41166/3-key-lessons-from-the-fatfamprsquos-report-on-its-virtual-asset-review According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector. Regulation, Risk & Compliance Cayman Private Funds Law Amended News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41167/cayman-private-funds-law-amended These changes expand the scope of the definitions in the PFL and may bring into scope vehicles previously excluded, so careful consideration should be given to these changes. Regulation, Risk & Compliance Financial Crime In Mauritius: Overview News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41170/financial-crime-in-mauritius-overview Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial. Regulation, Risk & Compliance Changes to the Cayman Islands Private Funds Law News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41132/changes-to-the-cayman-islands-private-funds-law The amendment is significant because it broadens materially the definition of “private fund” under the PFL. Regulation, Risk & Compliance Amendments to the Cayman Islands Private Funds Law, 2020 News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41133/amendments-to-the-cayman-islands-private-funds-law-2020 On 7 July, the Private Funds Law, 2020 was amended changing the definition of a 'private fund' to both clarify the position for certain entity types and to extend its scope to additional entities. Regulation, Risk & Compliance UN study says tourism-rich small island states like BVI could see massive GDP fallout from COVID News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41134/un-study-says-tourism-rich-small-island-states-like-bvi-could-see-massive-gdp-fallout-from-covid Findings show that the losses in GDP are approximately two to three times higher. Regulation, Risk & Compliance Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41135/ireland-update-establishment-of-register-of-beneficial-ownership-of-unit-trusts-icavs-and-credit-unions The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a Regulation, Risk & Compliance KRA recovers Ksh.139 million from hidden offshore assets News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41137/kra-recovers-ksh139-million-from-hidden-offshore-assets Countries that are destinations for these flows, including financial centres in Europe, Asia, America, the Caribbean and Pacific, now participate, said KRA’s Commissioner General Githii Mburu. Regulation, Risk & Compliance Appleby Offshore Data Protection Guide News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41138/appleby-offshore-data-protection-guide The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients. Regulation, Risk & Compliance Banker: Put Homes Above Life's Luxuries News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41153/banker-put-homes-above-lifeamp039s-luxuries Mr Bowe said too many Bahamians were taking themselves out of being able to afford a home by prioritising high-end luxury goods Comment, Analysis & Research Channel Islands Funds Quarterly Update: Q2 2020 News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41156/channel-islands-funds-quarterly-update-q2-2020 Under the MDR regime, Jersey promoters and service providers will be required to provide the Comptroller of Revenue with information on avoidance arrangements and opaque offshore structures. Comment, Analysis & Research In the EU, it’s tax haven for me and not for thee; Dubai’s terrifying new model for hiding money News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41157/in-the-eu-itamprsquos-tax-haven-for-me-and-not-for-thee-dubaiamprsquos-terrifying-new-model-for-hiding-money The problem is that the European Union does not think any of its own members, or even any of its friends, are tax havens. Comment, Analysis & Research Rapidly Changing Behaviours In 2020 Are Accelerating Consumer Embrace of Digital, Health, and Sustainability Trends, Says PwC News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41129/rapidly-changing-behaviours-in-2020-are-accelerating-consumer-embrace-of-digital-health-and-sustainability-trends-says-pwc The survey results reveal that the pandemic and the ensuing social distancing measures put in place have led to fundamental changes in how consumers work, eat, communicate, and take care of their health. Comment, Analysis & Research Family Office Feature: In Conversation With Heather Maizels News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41131/family-office-feature-in-conversation-with-heather-maizels Increasingly families are setting up new funds, becoming multi-family offices, or developing a wider investor base, and here Jersey’s fund capabilities are important with choice of structures and importantly, a real understanding of the world of sus Comment, Analysis & Research Jersey announces financial support for Blue Islands News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41112/jersey-announces-financial-support-for-blue-islands Governments across Europe are providing packages of financial support, as the lender of last resort, in recognition of the importance of connectivity to their economies. Comment, Analysis & Research Premium Passports Lose Their Shine in a Post-pandemic World News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41124/premium-passports-lose-their-shine-in-a-post-pandemic-world Although not reflected in the latest ranking, which does not take temporary travel bans into account, it is eye-opening to consider what travel freedom currently looks like for the holders of once-prestigious passports. Comment, Analysis & Research Carey Olsen leads the market for TISE listings in 2020 News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41126/carey-olsen-leads-the-market-for-tise-listings-in-2020 The company continues to be the first choice listing agent for high yield listings, acting in connection with more than half of all high yield bonds listed on TISE so far this year. Comment, Analysis & Research PE & RE – Emerging from the Great Lockdown by Geoff Cook & Ben Robins News Team Sunday, July 05, 2020 1:00 am http://offshore-bankers.net/article/41091/pe-ampamp-re-ampndash-emerging-from-the-great-lockdown-by-geoff-cook-ampamp-ben-robins The UN international labour organisation has warned that the continued sharp decline in working hours globally, due to the COVID-19 outbreak, means that 1.6 billion workers in the informal economy Comment, Analysis & Research "It's time to be brave" News Aggregation Team Friday, July 03, 2020 1:00 am http://offshore-bankers.net/article/41087/ampquotitamp039s-time-to-be-braveampquot Deputy Roffey said internal transport measures need to be addressed post lockdown with many people having rediscovered the slower pace of island life. Comment, Analysis & Research Dutch court to question ING and ex-CEO Hamers in money laundering case News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41161/dutch-court-to-question-ing-and-ex-ceo-hamers-in-money-laundering-case But a group of disgruntled investors felt justice had not been served and the court in The Hague had said it would take their demands into consideration. Legal Financial Crime in Seychelles: Overview News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41169/financial-crime-in-seychelles-overview In the Seychelles, the offences related to corporate fraud can be found in numerous Acts Legal Business Crime and Investigations in Bermuda News Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41171/business-crime-and-investigations-in-bermuda There is currently no legislation providing for an offence of corporate manslaughter in Bermuda. Legal Cayman Islands Private Funds Law – Change to Definition of “Private Fund” News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41172/cayman-islands-private-funds-law-ampndash-change-to-definition-of-ampldquoprivate-fundamprdquo Certain entities which have taken the view that they were not required to register pursuant to the original definition of “private fund” may need to reconsider whether they are within the scope of the PFL based on the new broader definition. Legal Cayman Islands Private Funds Law – Expanded Scope News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41173/cayman-islands-private-funds-law-ampndash-expanded-scope As there is limited guidance on the scope of these categories and material sanctions for failure to register a private fund, a case-by-case analysis will be necessary. Legal 7MB resort under pension probe News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41143/7mb-resort-under-pension-probe CNS was informed by workers from the resort that at least a year’s worth of contributions were missing from some pension accounts. Legal Government awards £252m PPE contract to private equity firm News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41114/government-awards-amppound252m-ppe-contract-to-private-equity-firm Ayanda Capital Limited, owned through an offshore holding firm based in the tax haven of Mauritius, secured deal to supply an undisclosed number of face masks Legal Two at Mourant win STEP Excellence Award News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41121/two-at-mourant-win-step-excellence-award Jamie completed his Diploma (typically taking two years) in just six months, while achieving a distinction in each exam. Legal Bail-out, bail-in: whose oar is it anyway? - The Bank (Recovery and Resolution) (Jersey) Law 2017 News Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41123/bail-out-bail-in-whose-oar-is-it-anyway-the-bank-recovery-and-resolution-jersey-law-2017 The Law will provide greater protection for depositors and the taxpayer. Legal Carey Olsen acts in BVI's first major virtual trial since COVID-19 lockdown News Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41092/carey-olsen-acts-in-bviamp039s-first-major-virtual-trial-since-covid-19-lockdown It is understood to be the the first fully virtual trial of its kind ever to be held in the BVI. Legal Businesses urged to recruit local candidates as lockdown eases News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41152/businesses-urged-to-recruit-local-candidates-as-lockdown-eases Businesses are under a great deal of pressure now and don’t have the time to sift through dozens of applications. AIM and Hedge Funds London-based Wilton launches captive services business targeting high net worth clients News Aggregation Team Thursday, July 09, 2020 1:00 am http://offshore-bankers.net/article/41162/london-based-wilton-launches-captive-services-business-targeting-high-net-worth-clients The new business recognises the growing number of Wilton’s clients that are interested in captive insurance AIM and Hedge Funds Scottish care homes owned by the Chinese state in tax havens News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41136/scottish-care-homes-owned-by-the-chinese-state-in-tax-havens These companies rent out buildings to care home operators. In some cases, the owners and operators are different parts of the same company. AIM and Hedge Funds RBS International supports EQT in largest ever ESG-linked subscription credit facility News Aggregation Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41145/rbs-international-supports-eqt-in-largest-ever-esg-linked-subscription-credit-facility RBS International has a long history of providing fund-level credit facilities to alternative investment funds, including EQT’s funds, having been an active lender through its Channel Islands teams over the last 20 years. AIM and Hedge Funds KKR to Acquire Global Atlantic Financial Group Limited in a Strategic Transaction News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41150/kkr-to-acquire-global-atlantic-financial-group-limited-in-a-strategic-transaction Global Atlantic serves more than two million policyholders through its retirement and life insurance products. AIM and Hedge Funds Bermuda accounted for nearly 75% of alternative capital capacity in 2018: BMA News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41128/bermuda-accounted-for-nearly-75-of-alternative-capital-capacity-in-2018-bma Total assets held by alternative capital insurers were $94 billion at year-end 2018, compared to $74 billion in 2017. AIM and Hedge Funds Sold: AMP exits life insurance after 170 years News Aggregation Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41093/sold-amp-exits-life-insurance-after-170-years That gives AMP about a 20% stake in Resolution Life Australia, which the new owner says will ensure close alignment between the customers and advisers of the two companies. AIM and Hedge Funds NCB To Merge Life Insurance Businesses News Aggregation Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41096/ncb-to-merge-life-insurance-businesses Guardian Life is essentially acquiring NCBIC’s insurance operation, but NCB Financial has not put a price on the transaction. AIM and Hedge Funds Bermuda captive market: Moving from maturity to innovation and growth News Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41102/bermuda-captive-market-moving-from-maturity-to-innovation-and-growth Managing Director of our Bermuda office, Alison Dyer discusses the maturity of Bermuda’s captive industry its promising outlook following the introduction of new insurance and corporate solutions to the jurisdiction. AIM and Hedge Funds JAMAICA: Early Encashment Of Pension Vouchers In July News Team Monday, July 06, 2020 1:00 am http://offshore-bankers.net/article/41107/jamaica-early-encashment-of-pension-vouchers-in-july This allows for NIS pensions to be deposited directly to their bank accounts. AIM and Hedge Funds Bermuda captive conference goes virtual News Aggregation Team Tuesday, June 30, 2020 1:00 am http://offshore-bankers.net/article/41015/bermuda-captive-conference-goes-virtual John Huff, president and chief executive of the Association of Bermuda Insurers and Reinsurers (ABIR), said: “Resilience is in Bermuda’s DNA, as the home to some of the largest international insurers and reinsurers." FinTech ILS needs a buoyant secondary market to thrive - but electronic platforms must come first: Adderley News Aggregation Team Thursday, June 25, 2020 1:00 am http://offshore-bankers.net/article/40962/ils-needs-a-buoyant-secondary-market-to-thrive-but-electronic-platforms-must-come-first-adderley Adderley predicts that as more insurance business is conducted on electronic platforms, the pace of change will accelerate as electronification gathers momentum. FinTech HSCM Bermuda recapitalises fronting insurer for auto insurtech Buckle News Aggregation Team Tuesday, June 23, 2020 1:00 am http://offshore-bankers.net/article/40914/hscm-bermuda-recapitalises-fronting-insurer-for-auto-insurtech-buckle Buckle has acquired auto insurer Gateway Insurance Company (Gateway), including its 47 state insurance licenses. FinTech Hackers Strike At Govt System: Russians And Bulgarians Behind Cyber Raid On Key Banking And Personal Data News Aggregation Team Tuesday, June 23, 2020 1:00 am http://offshore-bankers.net/article/40917/hackers-strike-at-govt-system-russians-and-bulgarians-behind-cyber-raid-on-key-banking-and-personal-data The Registrar General's Department is the hub around which much of corporate Bahamas and, in particular, the financial services industry functions. FinTech TrustQuay signs technology deal with LGL Group News Team Monday, June 22, 2020 1:00 am http://offshore-bankers.net/article/40896/trustquay-signs-technology-deal-with-lgl-group During the selection process, we were impressed by the experience and future plans of the TrustQuay team FinTech Komainu Emerges to Address Financial and Security Challenges for Digital Asset Institutional Investors News Team Thursday, June 18, 2020 1:00 am http://offshore-bankers.net/article/40845/komainu-emerges-to-address-financial-and-security-challenges-for-digital-asset-institutional-investors Secure and compliant digital asset custodian for institutions debuts, announces executive team FinTech Fintech firm Achiko hits Cayman-related compliance problems News Aggregation Team Thursday, June 18, 2020 1:00 am http://offshore-bankers.net/article/40859/fintech-firm-achiko-hits-cayman-related-compliance-problems Achiko wants to reduce friction resulting from the current domicile of the company in the Cayman Islands FinTech Cayman introduces a virtual asset service providers regime News Team Thursday, June 18, 2020 1:00 am http://offshore-bankers.net/article/40860/cayman-introduces-a-virtual-asset-service-providers-regime Update prepared by Sara Galletly (Partner, Cayman Islands) and Harry Rasmussen (Associate, Cayman Islands) FinTech Jersey headquartered Calligo makes second Irish acquisition in six months News Aggregation Team Wednesday, June 17, 2020 1:00 am http://offshore-bankers.net/article/40832/jersey-headquartered-calligo-makes-second-irish-acquisition-in-six-months These two acquisitions combine to make Calligo one of the largest IT managed service providers in Ireland, and the only one to offer data privacy support at the heart of every service. FinTech Cryptoasset insurer licensed in Bermuda News Aggregation Team Thursday, June 11, 2020 1:00 am http://offshore-bankers.net/article/40749/cryptoasset-insurer-licensed-in-bermuda It lends itself well to understanding the risks of the industry and providing much needed coverage to the digital asset businesses that choose to make Bermuda their home. FinTech RBS International supports EQT in largest ever ESG-linked subscription credit facility News Team Wednesday, July 08, 2020 1:00 am http://offshore-bankers.net/article/41146/rbs-international-supports-eqt-in-largest-ever-esg-linked-subscription-credit-facility The development is the first ESG-linked fund-level facility seen at this size in the global fund financing market. Planet SOS Embedding ESG into banks’ strategies News Team Tuesday, June 30, 2020 1:00 am http://offshore-bankers.net/article/41003/embedding-esg-into-banksamprsquo-strategies Four key actions banks should be taking to prepare for the post-COVID-19 ESG mantra. Planet SOS ESG Investing in Bermuda News Team Thursday, June 25, 2020 1:00 am http://offshore-bankers.net/article/40939/esg-investing-in-bermuda In keeping with this forward thinking approach, The Bermuda Stock Exchange launched an ESG initiative in 2019 to promote the World Federation of Exchanges’ five Sustainability Principles Planet SOS Bermuda’s role in closing the protection gap News Team Thursday, June 25, 2020 1:00 am http://offshore-bankers.net/article/40961/bermudaamprsquos-role-in-closing-the-protection-gap Climate change is expected to exacerbate that situation, as warmer temperatures and rising sea levels contribute to an increasing frequency of storms, heavy rainfall, heatwaves and wildfires. Planet SOS Channel Islands well positioned for global rise of ESG News Team Tuesday, June 23, 2020 1:00 am http://offshore-bankers.net/article/40905/channel-islands-well-positioned-for-global-rise-of-esg Underlining the complexities involved in the process, GPs predict that it will take over five years before they can produce standardised ESG data across their portfolio companies. Planet SOS European Commission Initiatives on Sustainable Finance - Draft Acts News Team Thursday, June 18, 2020 1:00 am http://offshore-bankers.net/article/40846/european-commission-initiatives-on-sustainable-finance-draft-acts On 8 June 2020, the European Commission published six initiatives on sustainable finance in banking and financial services for feedback. Planet SOS Report calls for ‘green stimulus’ to drive post-COVID-19 recovery News Aggregation Team Wednesday, June 17, 2020 1:00 am http://offshore-bankers.net/article/40842/report-calls-for-amplsquogreen-stimulusamprsquo-to-drive-post-covid-19-recovery Call for nature tourism, renewable energy and sustainable transport Planet SOS Investments in Renewable Energy can support Post COVID-19 Economic Recovery in Maldives News Aggregation Team Monday, June 15, 2020 1:00 am http://offshore-bankers.net/article/40798/investments-in-renewable-energy-can-support-post-covid-19-economic-recovery-in-maldives To buffer the impact of the crisis, the government has introduced a series of fiscal and monetary measures. Planet SOS Guernsey Sustainable Finance Week webinars - the highlights News Team Sunday, June 14, 2020 1:00 am http://offshore-bankers.net/article/40793/guernsey-sustainable-finance-week-webinars-the-highlights Thurs 11 June: Private equity key part of economic recovery from pandemic Planet SOS TISE virtual event: 50 Shades of Green – Reputational risk of greenwashing News Aggregation Team Friday, June 12, 2020 1:00 am http://offshore-bankers.net/article/40766/tise-virtual-event-50-shades-of-green-ampndash-reputational-risk-of-greenwashing Reputations are formed by a company’s actions, its behaviour and performance; reporting, a common language and global standards will help to create a framework to help investors and regulators understand if a company is truly walking the walk. Planet SOS Island opportunity as wealthy flee cities News Aggregation Team Tuesday, July 07, 2020 1:00 am http://offshore-bankers.net/article/41125/island-opportunity-as-wealthy-flee-cities A number of international families are deciding to also travel less and have selected one destination this year to stay put for six months or up to a year, to avoid the resurgence of Covid-19 cases in their home town and usual vacation spots like the Hamp Covid-19 RBC Royal Bank announces second phase of relief options News Aggregation Team Wednesday, June 17, 2020 1:00 am http://offshore-bankers.net/article/40835/rbc-royal-bank-announces-second-phase-of-relief-options Business banking and corporate banking clients may also apply for financial relief, following individual eligibility assessments with a relationship manager. Covid-19 COVID-19: Resilience and strategic thinking News Team Tuesday, June 16, 2020 1:00 am http://offshore-bankers.net/article/40825/covid-19-resilience-and-strategic-thinking In conclusion, sustainable success over the long term requires a careful balance of applying due considerations to a variety of sometimes competing priorities. Covid-19 Community Support, by Butterfield News Team Monday, June 15, 2020 1:00 am http://offshore-bankers.net/article/40800/community-support-by-butterfield The crisis has inspired generosity from people, and this certainly extends into the corporate world. Covid-19 How to avoid the virus as the world reopens News Aggregation Team Sunday, June 14, 2020 1:00 am http://offshore-bankers.net/article/40790/how-to-avoid-the-virus-as-the-world-reopens A guide to where the biggest risks lie as lockdowns ease Covid-19 Schools open. Pubs open. Welcome to Guernsey News Aggregation Team Friday, June 12, 2020 1:00 am http://offshore-bankers.net/article/40775/schools-open-pubs-open-welcome-to-guernsey The small island, just off the coast of France, is home to around 65,000 people. Covid-19 A ‘new world’ for private equity managers post COVID-19 News Team Wednesday, June 10, 2020 1:00 am http://offshore-bankers.net/article/40735/a-amplsquonew-worldamprsquo-for-private-equity-managers-post-covid-19 We asked Intertrust Group chief commercial officer Ian Lynch what else the poll tells us about how GPs are feeling and the world they expect to see after coronavirus. Covid-19 Trustees and investing at the time of COVID-19 News Team Wednesday, June 10, 2020 1:00 am http://offshore-bankers.net/article/40736/trustees-and-investing-at-the-time-of-covid-19 Trustees should also look to ensure that their Investment Policy Statement is up to date and that time horizons (and tax considerations) have not altered since the statement was last looked at. Covid-19 COVID-19 & green finance: What next? News Team Monday, June 01, 2020 1:00 am http://offshore-bankers.net/article/40603/covid-19-ampamp-green-finance-what-next What do green finance and Brexit have in common? Covid-19 Covid-19 stamped out in Guernsey under the boots of a one-woman army News Aggregation Team Sunday, May 31, 2020 1:00 am http://offshore-bankers.net/article/40587/covid-19-stamped-out-in-guernsey-under-the-boots-of-a-one-woman-army The test and trace system, started only last week, has had a shaky start Covid-19