Managers of Wealth - Offshore http://offshore-bankers.net/ Sun, 19 May 2019 13:53:00 BST part of MediaG8way Group http://offshore-bankers.net/ http://offshore-bankers.net/assets/images/logo.png Managers of Wealth - Offshore KohanaPHP It’s the luxuries that give it away. To fight corruption, follow the goods News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35469/itamprsquos-the-luxuries-that-give-it-away-to-fight-corruption-follow-the-goods Luxury goods are used to facilitate corrupt transactions and launder dirty money. Wealth and Asset Management UHNW Management partners with Leptos Estates in Cyprus News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35381/uhnw-management-partners-with-leptos-estates-in-cyprus Internationally regarded as the NUMBER ONE home builder in Cyprus and Greece, Leptos Estates has a 58-year success story, so it was naturally the right fit for us. Wealth and Asset Management Where have all the billionaires gone? News Aggregation Team Friday, May 10, 2019 1:00 am http://offshore-bankers.net/article/35365/where-have-all-the-billionaires-gone This is only the second time this population has dropped since the global recession a decade ago. Wealth and Asset Management What are some of the advantages and disadvantages of offshore banking? Mitzi Limlengco Wednesday, May 08, 2019 1:00 am http://offshore-bankers.net/article/35309/what-are-some-of-the-advantages-and-disadvantages-of-offshore-banking Today, the opportunity to bank offshore or internationally is more accessible than ever. Wealth and Asset Management Moving to a low-carbon future – why banks and companies need to step up by Bill Winters, Standard Chartered Bank News Aggregation Team Tuesday, May 07, 2019 1:00 am http://offshore-bankers.net/article/35287/moving-to-a-low-carbon-future-ampndash-why-banks-and-companies-need-to-step-up-by-bill-winters-standard-chartered-bank We’re making progress on understanding our contribution to climate goals, but cannot go it alone Wealth and Asset Management Guernsey Green Finance – A world first and a force for good which also makes economic sense News Aggregation Team Monday, May 06, 2019 1:00 am http://offshore-bankers.net/article/35274/guernsey-green-finance-ampndash-a-world-first-and-a-force-for-good-which-also-makes-economic-sense That is why it is so refreshing to know that Guernsey is taking a leading role on the world stage and using its strengths to produce significant positive impact. Wealth and Asset Management SMP Group Supports Bike Ride To Eliminate Childhood Hunger Ana Hall Thursday, May 02, 2019 1:00 am http://offshore-bankers.net/article/35240/smp-group-supports-bike-ride-to-eliminate-childhood-hunger More than 90 participants, some solo and others in teams sharing the mileage Wealth and Asset Management Solving the Corporate Actions Paradox – Reducing Risk, Increasing Efficiency whilst Improving Services Ana Hall Thursday, May 02, 2019 1:00 am http://offshore-bankers.net/article/35243/solving-the-corporate-actions-paradox-ampndash-reducing-risk-increasing-efficiency-whilst-improving-services The industry response to this risk and complexity has been to establish best practice, but this has introduced the paradox that risk can be reduced, efficiency increased, and services improved, but rarely all together. Wealth and Asset Management Empowering women is critical for the world’s economy and people News Aggregation Team Wednesday, May 01, 2019 1:00 am http://offshore-bankers.net/article/35217/empowering-women-is-critical-for-the-worldamprsquos-economy-and-people If banks and financial supervisors increased the share of women in senior positions, the banking sector would be more stable too. Wealth and Asset Management Hardly Anyone Is Too Poor to Share News Aggregation Team Wednesday, May 01, 2019 1:00 am http://offshore-bankers.net/article/35218/hardly-anyone-is-too-poor-to-share A basic level of social protection is affordable nearly everywhere Wealth and Asset Management Butterfield Announces Management Changes as COO Steps Down Ana Hall Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35451/butterfield-announces-management-changes-as-coo-steps-down On behalf of the Board of Directors, I would like to thank Dan for his many contributions and wish him the best of luck in his future endeavors. Executive Moves D2 Real Estate expands its Guernsey team with new commercial property agent News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35458/d2-real-estate-expands-its-guernsey-team-with-new-commercial-property-agent Jo Wyatt is a well-known face in Guernsey and has spent a large part of her career working in a client relationship capacity Executive Moves Senior Appointments at LTS Tax Limited News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35459/senior-appointments-at-lts-tax-limited Helen specialises in the UK taxation of trusts, estates and complex structures providing services to local trustees and intermediaries and high net worth individuals. Executive Moves Maples Group Appoints Edwin Parker as Director of Business Development in Europe Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35462/maples-group-appoints-edwin-parker-as-director-of-business-development-in-europe He was most recently a Managing Director for a global investment management and investment services provider, responsible for all business and relationship development in EMEA. Executive Moves Everest appoints head of international surety Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35461/everest-appoints-head-of-international-surety He spent over two decades in Liberty’s surety unit, holding various senior roles including responsibility for Canada, Latin America, Europe and APAC. Executive Moves Harneys Hong Kong hire new Banking and Finance Partner Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35463/harneys-hong-kong-hire-new-banking-and-finance-partner He advises onshore law firms, borrowers and financial institutions on a wide variety of structures, including cross-border sponsor backed acquisition financings, capital call facilities, syndicated secured lending, structured lending, leveraged finance, p Executive Moves Carey Olsen's Annette Alexander joins Guernsey Green Finance's '20 for 20' network Mitzi Limlengco Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35468/carey-olsenamp039s-annette-alexander-joins-guernsey-green-financeamp039s-amp03920-for-20amp039-network The aim of the network is to build a community of business leaders and influencers committed to action to catalyse the development of Guernsey’s green and sustainable finance sector. Executive Moves Aztec Group appoints new Group Head of Real Assets and Private Debt Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35471/aztec-group-appoints-new-group-head-of-real-assets-and-private-debt In his previous role, Conroy was Head of Real Assets for Jersey and served as a member of the Group’s real assets leadership team, responsible for developing and enhancing the Group’s multi-jurisdictional real assets offering. Executive Moves Altair appoints fund administration specialist News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35472/altair-appoints-fund-administration-specialist He also chairs the Marketing Committee of the Guernsey Investment & Funds Association, is a member of the IoD and holds the IoD Diploma in Company Direction. Executive Moves Guernsey Green Finance announces three new members of its 20 for 20 network Ana Hall Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35430/guernsey-green-finance-announces-three-new-members-of-its-20-for-20-network Each are key members of the Guernsey Green Finance industry working group. Executive Moves German authorities raid 11 banks in tax evasion probe News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35428/german-authorities-raid-11-banks-in-tax-evasion-probe Deutsche Bank said the investigation was directed against private individuals, not against the company, that it is cooperating with prosecutors and wasn't a target of the current raids. Tax No Safe Havens 2019 Mitzi Limlengco Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35440/no-safe-havens-2019 HMRC’s strategy for offshore tax compliance. Tax HMRC toughens position on use of offshore trusts to avoid tax News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35441/hmrc-toughens-position-on-use-of-offshore-trusts-to-avoid-tax HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs Tax Tax office launches probes into offshore tax evasion News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35450/tax-office-launches-probes-into-offshore-tax-evasion Offshore tax evasion has been on the rise in recent years Tax International Client - A round-up of the tax issues affecting international clients News Aggregation Team Wednesday, May 15, 2019 1:00 am http://offshore-bankers.net/article/35421/international-client-a-round-up-of-the-tax-issues-affecting-international-clients Our article looks at the economic substance requirements. Tax Labor's Cayman Islands adventure ignites the base, but business is worried News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35368/laboramp039s-cayman-islands-adventure-ignites-the-base-but-business-is-worried This time, the shadow treasurer's target was tax havens. Tax TMF Group named a ‘Major Contender’ in finance and accounting outsourcing Kris Borres Friday, May 10, 2019 1:00 am http://offshore-bankers.net/article/35359/tmf-group-named-a-amplsquomajor-contenderamprsquo-in-finance-and-accounting-outsourcing Finance and accounting are key to international expansion, and bookkeeping, reporting and associated areas can vary widely from jurisdiction to jurisdiction. Tax No tax shelter for Brookfield's Multiplex Group News Aggregation Team Thursday, May 09, 2019 1:00 am http://offshore-bankers.net/article/35324/no-tax-shelter-for-brookfieldamp039s-multiplex-group Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million. Tax 'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments News Aggregation Team Wednesday, May 08, 2019 1:00 am http://offshore-bankers.net/article/35310/amp039grand-theft-europeamp039-ampmdash-tax-fraudsters-reportedly-stealing-millions-from-governments The "VAT carousel" rackets enable criminal gangs to steal millions from the state. Tax Middle class can no longer pay the costs of tax avoidance, says SDP News Aggregation Team Tuesday, May 07, 2019 1:00 am http://offshore-bankers.net/article/35290/middle-class-can-no-longer-pay-the-costs-of-tax-avoidance-says-sdp It is in Finland’s interest that the EU makes a majority decision to combat harmful tax competition and aggressive tax planning. Tax Appleby advises QTC Care on its USD 7 million series A financing Ana Hall Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35455/appleby-advises-qtc-care-on-its-usd-7-million-series-a-financing Vincent commented on the transaction: “QTC Care is a pioneer in the growing technology health sector in China. Regulation, Risk & Compliance Economic substance in the Cayman Islands Ana Hall Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35456/economic-substance-in-the-cayman-islands The ES Law is supplemented by the Guidance Notes issued by the Cayman Islands Tax Information Authority (the TIA) on Economic Substance for Geographically Mobile Activities Regulation, Risk & Compliance Bahamas International Securities Exchange Signs Digital Securities Exchange Partnership Agreement News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35457/bahamas-international-securities-exchange-signs-digital-securities-exchange-partnership-agreement The partnership will benefit from the trading and compliance technology, industry know-how and operational excellence of both parties. Regulation, Risk & Compliance BVI Economic Substance Law News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35475/bvi-economic-substance-law These amendments follow closely the approach taken to address the same issue in other international financial centres. Regulation, Risk & Compliance United Nations Recognises Jersey’s Work on International Asset Recovery Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35466/united-nations-recognises-jerseyamprsquos-work-on-international-asset-recovery United Nations officials have recognised Jersey’s good practice in returning stolen assets to their rightful country. Regulation, Risk & Compliance Appleby Hong Kong advises AngelHub on its equity crowdfunding platform Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35467/appleby-hong-kong-advises-angelhub-on-its-equity-crowdfunding-platform The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies Regulation, Risk & Compliance EU confirms Bermuda's status as a cooperative jurisdiction in international tax transparency Ana Hall Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35473/eu-confirms-bermudaamp039s-status-as-a-cooperative-jurisdiction-in-international-tax-transparency All Bermuda companies, LLCs and partnerships (which have elected to have separate legal personality) are potentially within scope of this legislation if they are conducting a “relevant activity”. Regulation, Risk & Compliance Bermuda, Aruba & Barbados are removed from EU tax haven blacklist News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35474/bermuda-aruba-ampamp-barbados-are-removed-from-eu-tax-haven-blacklist In a statement the EU explained that Bermuda and Barbados have both committed to meeting EU concerns and are now part of a "grey list" of jurisdictions being monitored by the EU, according to a report from Reuters. Regulation, Risk & Compliance UK will not impose deadline on OTs to change residency rules News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35429/uk-will-not-impose-deadline-on-ots-to-change-residency-rules In the Cayman Islands, premier Alden McLaughlin said the suggestion was "akin to an attempt to take over the territory. Regulation, Risk & Compliance Results of Vote at Butterfield AGM Kris Borres Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35433/results-of-vote-at-butterfield-agm Each of the proposals numbered 1 through 3 on the Meeting Agenda was approved by the requisite vote Regulation, Risk & Compliance Special report: The Bahamas, heading in the right direction News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35444/special-report-the-bahamas-heading-in-the-right-direction We also bring a host of exclusive video interviews filmed at the recent annual BFSB event, held in Bimini. Comment, Analysis & Research ISS recommends shareholders vote for Argo board nominees amid Voce feud News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35391/iss-recommends-shareholders-vote-for-argo-board-nominees-amid-voce-feud In response, activist shareholder Voce called ISS's comments "baffling", "erroneous" and "lopsided", suggesting the focus on TSR should not be as paramount and decisive as implied by ISS's report. Comment, Analysis & Research Senior States adviser Colin Powell dies News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35377/senior-states-adviser-colin-powell-dies He also chaired the Jersey Financial Services Commission from its foundation in 1999 to September 2009. Comment, Analysis & Research Companies Flock to Issue Bonds on Tiny English Channel Island News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35379/companies-flock-to-issue-bonds-on-tiny-english-channel-island Offshore haven of Guernsey, away from stricter EU disclosure regulations, attracts sellers of risky debt Comment, Analysis & Research F1 GUIDE – All you need to know for Monaco Grand Prix 2019 News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35382/f1-guide-ampndash-all-you-need-to-know-for-monaco-grand-prix-2019 Sportsmail provide you with everything you need to know for Monaco Grand Prix 2019 including date, time and channel plus circuit overview, winners and odds. Comment, Analysis & Research Bermuda secures A+ ratings and positive outlook from S&P News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35383/bermuda-secures-a-ratings-and-positive-outlook-from-sampampp “I am pleased that S&P has affirmed Bermuda’s A+ long-term sovereign credit and senior unsecured debt ratings as well as is considering a positive rating action if we are able to sustain the improvement in our economic and fiscal position& Comment, Analysis & Research Who Owns England? by Guy Shrubsole review – our darkest secret News Aggregation Team Friday, May 10, 2019 1:00 am http://offshore-bankers.net/article/35363/who-owns-england-by-guy-shrubsole-review-ampndash-our-darkest-secret This passionately argued polemic reveals that half of England is owned by less than 1% of the population Comment, Analysis & Research Global biodiversity is collapsing, warn scientists News Aggregation Team Wednesday, May 08, 2019 1:00 am http://offshore-bankers.net/article/35299/global-biodiversity-is-collapsing-warn-scientists The first global assessment of biodiversity and ecosystem services has held humans largely responsible for looming mass extinction of species and has urged immediate action to avert disaster. Comment, Analysis & Research Cayman First credit rating affirmed by AM Best News Aggregation Team Wednesday, May 08, 2019 1:00 am http://offshore-bankers.net/article/35308/cayman-first-credit-rating-affirmed-by-am-best The business profile is considered neutral because of the group’s market position and operations in the Bahamas and the Cayman Islands. Comment, Analysis & Research Four Chinese tycoons just transferred US$17 billion of their wealth to trusts as government toughens up tax regime News Aggregation Team Tuesday, May 07, 2019 1:00 am http://offshore-bankers.net/article/35279/four-chinese-tycoons-just-transferred-us17-billion-of-their-wealth-to-trusts-as-government-toughens-up-tax-regime The moves come as China’s super rich brace for the possibility of the government going after the wealthy to push through tax cuts for the masses this year. Comment, Analysis & Research Cayman Court Relies On Market Value In Merger Appraisal News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35453/cayman-court-relies-on-market-value-in-merger-appraisal Qunar is only the third reported merger appraisal case in the Cayman Islands Legal Ogier advises on US$350 million biopharmaceutical merger Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35464/ogier-advises-on-us350-million-biopharmaceutical-merger The merger transaction was essentially an all share deal, with Xynomic's shareholders receiving shares in Bison equivalent to a closing consideration value of approximately US$ 350 million subject to certain adjustments for debt, cash and working cap Legal Appleby Charitable Foundation Supports Isle of Man Athletics Ana Hall Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35437/appleby-charitable-foundation-supports-isle-of-man-athletics The ACF donates over £12,000 to charitable causes on the Isle of Man each year. Legal Story-making, compliance, green finance – lessons from Hong Kong's latest sustainability conference Ana Hall Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35447/story-making-compliance-green-finance-ampndash-lessons-from-hong-kongamp039s-latest-sustainability-conference There has been a global change in the perception of "sustainability" and where it sits within business. Legal Isle of Man fraudster pleads guilty to investment scam News Aggregation Team Wednesday, May 15, 2019 1:00 am http://offshore-bankers.net/article/35419/isle-of-man-fraudster-pleads-guilty-to-investment-scam He used a Ponzi scheme to steal over £600,000 from companies and individuals in six years Legal Appleby partners with Collision tech conference Ana Hall Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35387/appleby-partners-with-collision-tech-conference Appleby has established itself as a leading provider of offshore legal services to technology companies and we are looking forward to joining the multi-faceted sessions and networking events. Legal Cayman Court Relies on Market Value in Merger Appraisal Ana Hall Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35389/cayman-court-relies-on-market-value-in-merger-appraisal Save in two minor respects, he also rejected the dissenting shareholders’ expert’s DCF calculation in excess of 4x the market price Legal Security deliverables in a share charge where the charged shares represent a minority stake Ana Hall Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35403/security-deliverables-in-a-share-charge-where-the-charged-shares-represent-a-minority-stake The chargee should be advised on the legal and commercial implications, a few examples of which are illustrated below. Legal BVI court underlines willingness to support foreign arbitral proceedings News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35407/bvi-court-underlines-willingness-to-support-foreign-arbitral-proceedings Before the Judge and before the Court of Appeal, Svoboda argued that the Court lost jurisdiction over it when it re-domiciled. Legal Why Canada Stands Out As A Money Laundering Haven News Aggregation Team Monday, May 13, 2019 1:00 am http://offshore-bankers.net/article/35374/why-canada-stands-out-as-a-money-laundering-haven Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money. Legal PartnerRe’s P&C unit drives profitable growth in Q1, partially offset by specialty News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35460/partnerreamprsquos-pampampc-unit-drives-profitable-growth-in-q1-partially-offset-by-specialty The reinsurer suggested this was driven by an improvement in the current accident year technical ratio and higher prior year favourable reserve development. AIM and Hedge Funds Reasons why Guernsey’s going green Kris Borres Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35465/reasons-why-guernseyamprsquos-going-green Green finance, Guernsey Green Finance, is about financing climate change mitigation projects. It is Guernsey’s contribution to global good. AIM and Hedge Funds Bermudian insurer unveils HNW whole life product News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35470/bermudian-insurer-unveils-hnw-whole-life-product It is not available on a retail basis and is distributed by third party specialist insurance brokers AIM and Hedge Funds NCB Financial group buys Trinidad firm News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35431/ncb-financial-group-buys-trinidad-firm Guardian Holdings Limited CEO Ravi Tewari added that the acquisition should allow his firm to better serve the region. AIM and Hedge Funds The impact of the evolving relationship between investors and managers on fund structuring News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35438/the-impact-of-the-evolving-relationship-between-investors-and-managers-on-fund-structuring This trend can take many different forms, but is often addressed by means of either direct representation for the investor’s fund vehicle or representation at the general partner level. AIM and Hedge Funds PartnerRe posts $497m first-quarter profit News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35443/partnerre-posts-497m-first-quarter-profit Dividends declared and paid to common shareholders for the quarter were $80 million compared to $48 million for the first quarter of 2018, the company said. AIM and Hedge Funds Bermuda secures A+ ratings and positive outlook from S&P News Aggregation Team Wednesday, May 15, 2019 1:00 am http://offshore-bankers.net/article/35412/bermuda-secures-a-ratings-and-positive-outlook-from-sampampp S&P also explained that the positive outlook reflects Bermuda having a ‘one-in-three’ chance of a ratings upgrade by one notch in the next year if it continues to sustain the improvements in economic growth and fiscal prudence. AIM and Hedge Funds 'Critical Surgery' For Bahamian Economy News Aggregation Team Wednesday, May 15, 2019 1:00 am http://offshore-bankers.net/article/35422/amp039critical-surgeryamp039-for-bahamian-economy He called for the private sector to lead the charge for higher GDP growth, and warned that "market forces need to be in play" if The Bahamas is to achieve the faster expansion necessary to make a serious dent in the stubborn double-digit unemplo AIM and Hedge Funds Bermuda ILS sector will move sustainable finance agenda forward: BSX News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35394/bermuda-ils-sector-will-move-sustainable-finance-agenda-forward-bsx BSX added that many of its listings - in particular for the ILS sector - are developing products that it suggests will move the sustainable finance agenda forward. AIM and Hedge Funds BOV launches new financing package for SMEs News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35398/bov-launches-new-financing-package-for-smes The scheme will make available €50 million in financing, with €10 million being guaranteed by the Malta Development Bank. AIM and Hedge Funds Crypto Exchange Huobi Launches Fully Regulated OTC Desk for Institutional Investors News Aggregation Team Friday, May 17, 2019 1:00 am http://offshore-bankers.net/article/35452/crypto-exchange-huobi-launches-fully-regulated-otc-desk-for-institutional-investors According to Huobi, its license was “among the first batch of licenses awarded by Gibraltar, which is the first jurisdiction to introduce a purpose-built DLT regulatory framework.” FinTech Bermuda Advocates For Safe Technology News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35435/bermuda-advocates-for-safe-technology The group noted that today, May 15th, is National 5G Action Day in the US and they are using this opportunity to draw particular attention to the new 5G cell antennae technology which they said “will greatly increase our exposure.” FinTech Intertrust Engages With Financial Services Clients Ana Hall Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35442/intertrust-engages-with-financial-services-clients The overall consensus in the New York meeting is that technology is and will further impact the industry. FinTech Bermuda delegation at New York fintech event News Aggregation Team Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35445/bermuda-delegation-at-new-york-fintech-event Mr Burrows said: “There were many synergies, and underpinning everything is technology, with digital assets now viewed as an asset class driving every industry sector. FinTech Bermuda Spotlights Fintech Innovation at Consensus 2019 Mitzi Limlengco Thursday, May 16, 2019 1:00 am http://offshore-bankers.net/article/35446/bermuda-spotlights-fintech-innovation-at-consensus-2019 Bermuda highlighted its world-respected regulatory and legal framework for fintech business FinTech FinanceMalta targets fintech events in London News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35399/financemalta-targets-fintech-events-in-london Speaking at the event were Joshua Ellul, MDIA chairman, Wayne Pisani, partner at Grant Thornton, and Daniel Bilocca, head of risk and compliance at KSi Malta. FinTech Has the crypto spring arrived in the Cayman Islands? News Aggregation Team Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35402/has-the-crypto-spring-arrived-in-the-cayman-islands Notwithstanding their increasing popularity, liquidity remains elusive for security tokens. FinTech Technology and Innovation update Mitzi Limlengco Tuesday, May 14, 2019 1:00 am http://offshore-bankers.net/article/35404/technology-and-innovation-update Prior to the changes to FSMA, a person could only have held a financing business licence or money services business licence depending on the nature of their business. FinTech Trusts and the issues around digital assets News Aggregation Team Friday, May 10, 2019 1:00 am http://offshore-bankers.net/article/35356/trusts-and-the-issues-around-digital-assets With digital assets being a new asset class that’s garnered much attention, it’s not surprising that trustees are being asked to consider acquiring ownership of these new forms of assets. FinTech Bank workers who survive robot uprising stand to make more money News Aggregation Team Thursday, May 09, 2019 1:00 am http://offshore-bankers.net/article/35317/bank-workers-who-survive-robot-uprising-stand-to-make-more-money Forty per cent of existing jobs at financial firms could be automated with current technology, McKinsey said. FinTech