Insights

Money laundering is the process by which the proceeds of crime are channelled through the economy/financial system in a way which is intended to conceal the true origin and ownership of the proceeds of criminal activity. This Guide looks at the roles and responsibilities of the nominated officers of FSPs whose job it is to look out for and report suspicious activity and who oversee the compliance function and ensure that adequate systems and controls are in place to comply with the Regulations.

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of Cayman entities to transfer out of the Cayman Islands and move to another jurisdiction, by following the relevant procedure.

Companies incorporated in the Cayman Islands are amongst the most popular offshore holding structures in the world. Whilst offshore vehicles are used for a wide variety of different purposes globally, there are a number of common factors which feed into the success of the Cayman product. Cayman vehicles are most commonly used in company or partnership-based fund arrangements formed by using companies or partnerships, but holding company structures and Cayman trusts are also popular.

In this article, originally published by The Energy Industry Times, Greg Boyd discusses the BVI corporate advantage.

“When I grow up, I still want to be a director.” – Stephen Spielberg The esteemed Mr. Spielberg was (probably) talking about a different type of director, but being a director of a British Virgin Islands company is not the daunting task it may first appear. Acting as a director of any company, anywhere in the world, is not a task that should be taken lightly but the duties of a director of a BVI company are, as we will try to show below, relatively easy to understand and reasonably easy for prudent directors to comply with.

Andrew Thorp and Jonathan Addo give an overview of complex commercial litigation in the British Virgin Islands in the latest chapter of Getting the Deal Through: Complex Commercial Litigation. Download the PDF to read more.