This guide provides a brief overview of the British Virgin Islands (the “BVI”) Approved Investment Manager regime and its suitability and attractiveness for use with Separately Managed Account structures (“SMAs”). Separately...more
La transparencia fiscal y la fiscalización de delitos financieros ya no operan en pistas separadas. Los regímenes de CRS, FATCA y AML están convergiendo en un solo marco de escrutinio. Para los equipos legales, asesores...more
Tax transparency and financial crime enforcement are no longer operating in parallel tracks. CRS, FATCA, and AML regimes are converging into a single framework of scrutiny. For legal teams, tax advisors, and financial...more
En mayo de 2025, Costa Rica reformó el Artículo 32 de su Constitución para permitir la extradición de ciudadanos costarricenses en casos de narcotráfico internacional y terrorismo. Este cambio histórico pone fin a una...more
In May 2025, Costa Rica amended Article 32 of its constitution to allow the extradition of Costa Rican nationals in cases of international drug trafficking and terrorism. For decades, nationals were constitutionally shielded...more
This guide provides a brief overview of the Approved Investment Manager regime established under the Investment Business (Approved Managers) Regulations (the “Approved Manager Regulations”) enacted under the Securities and...more
Briefing Summary: Our investment funds team outline the latest developments within the investment funds market in the Cayman Islands, including the proposed amendments to the Cayman Islands CRS regulations and which entities...more
Updated regulation: On 25 June 2025, HMRC issued the International Tax Compliance (Amendment) Regulations 2025 (the 2025 Regulations) amending the existing International Tax Compliance Regulations 2015, introducing...more
These insights build on my recent conversation with Ajay Shamdasani on Regulatory Ramblings podcast episode #79, where we discussed how CARF and CRS 3.0 are reshaping crypto compliance and the broader governance landscape. As...more
Con el inicio del último trimestre del año, las instituciones financieras y las oficinas familiares enfrentan una ventana limitada para reducir la exposición fiscal y de cumplimiento en estructuras transfronterizas. Los...more
As the year’s final quarter begins, financial institutions and family offices face a narrow window to reduce cross-border tax and compliance exposure. Enforcement cycles are accelerating across jurisdictions, with regulators...more
Many crypto-asset service providers will soon be required to start collecting detailed information about customers and transactions and report to their national tax authorities annually. Such businesses must obtain a...more
La legislación fiscal de EE. UU., promulgada el 4 de julio, amplía las obligaciones de reporte para fideicomisos extranjeros y entidades con traspaso de ingresos, al tiempo que consolida disposiciones clave de la reforma de...more
The July 4 U.S. tax legislation expands reporting obligations for foreign trusts and pass-through entities while locking in key provisions from the 2017 reform. For attorneys and advisors to high-net-worth individuals, this...more
Welcome to the latest edition of our Regulatory & Risk Advisory Review. In this issue, we explore key regulatory updates and emerging trends to help you stay informed and ahead in today’s dynamic compliance environment. The...more
The Common Reporting Standard (CRS) was developed by the Organisation for Economic Co-operation and Development (OECD) to promote tax transparency by enabling tax authorities in one jurisdiction to receive information...more
As an American living abroad, you may have experienced firsthand the challenges of finding a financial institution willing to work with you. Whether it’s for opening a bank account, investing in local markets, securing a...more
Our investment funds team outline the latest developments within the investment funds market in the Cayman Islands including the updated requirements under the Beneficial Ownership Transparency Act, a reminder of obligations...more
Welcome to the latest instalment of the Bermuda Regulatory & Risk Advisory Bulletin. In a constantly evolving regulatory environment, this bulletin serves as a platform for insightful commentary and expertise in regulatory...more
The Organisation for Economic Co-operation and Development (OECD) has urged participating tax authorities around the globe to take further steps to ensure compliance with the Common Reporting Standard (CRS). As a result...more
Welcome to the second instalment of 2024 of the Regulatory & Risk Advisory Review. In this edition we cover several Cayman Islands regulatory updates including updates to the Beneficial Ownership Transparency Act, the...more
On 15 March 2024, the Ministry of Financial Services and Commerce (the "Ministry") issued Technical Guidance for corporate services providers ("CSPs") to facilitate changes to internal processes in support of the transition...more
The Minister for External Relations of the Government of Jersey (GoJ) recently announced a public consultation seeking views on a number of proposed changes to the operation of the Common Reporting Standard (CRS) and the US...more
In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the...more
The Crypto-Asset Reporting Framework (“CARF”), is the OECD’s flagship tax transparency standard to help combat criminal activity using crypto-assets to evade taxation. The key aspects of the CARF were covered in the article...more