An overview of what is taking place in the world of Offshore Finance and where the industry is heading.

In the wake of British comedian Jimmy Carr's Jersey-based tax scheme known as 'K2' and the use by Rangers Football Club (in administration) of Guernsey-administered Employee Benefit Trusts to pay salaries under the guise of loans, this session will look at the criteria that the UK and governments of other major countries use to determine whether a tax scheme is legal or illegal.
 

Luncheon with a special 20-minute presentation by The Ras Al Khaimah Investment Authority (RAKIA).

This session will cover the effect of FATCA on offshore funds, banks and trusts, the consequences of non-participation, the impact of Inter-governmental Agreements, and the different reactions of offshore jurisdictions.

This session will look at what information is required of clients by providers of products and services to open up accounts, with whom they share it, and under what circumstances. It will also identify the jurisdictions with the most and least stringent requirements and look at the legal definitions of 'beneficial ownership'.