European Court of Justice

The European Court of Justice (ECJ) handed down a landmark judgment ruling that the EU Fourth AML Directive (EU2015/849), prescribing that Member States must ensure that the information held on beneficial ownership registers is accessible to any member of the general public, is INVALID on the basis that it is in breach of Articles 7 … Read more

The EU is adding to its list of non-cooperative jurisdictions

The latest additions comprise Anguilla, the Bahamas, and Turks and Caicos Islands adding to those already on the blacklist of tax-havens. All three Caribbean countries are being added to the list because they facilitate “offshore structures and arrangements aimed at attracting profits without real economic substance by failing to take all necessary actions to ensure … Read more

Board changes announced at Forward Group

Forward Group, an owner-managed fiduciary business headquartered in Jersey, can confirm that Linda Gallichan and John Asplet are stepping away to focus on their core business, chartered accountancy practice, GS Limited. Historically, Forward Group was a subsidiary of GS Limited until 2018 when it separated and rebranded into the fully licensed trust company that exists … Read more

Economic Substance Changes

The Jersey Tax comptroller has withdrawn the concession granted in relation to economic substance originally introduced in March 2020, relating to the difficulties of the holding of physical board meetings in Jersey as a result of the pandemic. The holding of meetings, whereby a quorum of the board are physically present in Jersey is part … Read more