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Offshore Banking Laws

 

[List of selected offshore legislations]

 

Bahamas

              Banks and Trust Companies Act, 1965

              Banks and Trust Companies Regulation (Amendment) Act, 2000

 

British Virgin Islands

              Banks and Trust Companies Act, 1990

 

Cayman Islands

              Banks and Trust Companies Law, 1995

 

Guernsey

              Banking Supervision (Bailiwick of Guernsey) Law, 1994

 

Isle of Man

              Banking Act, 1998

              Banking Business Regulations, 1991

 

Jersey

              Banking Business (Jersey) Law, 1991

              Banking Business (General Provisions) (Jersey) Order, 1991

 

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Excerpts from Offshore Banking Laws

 

[Guernsey]

The Banking Supervision (Bailiwick of Guernsey) Law, 1994

Section 49

Criminal liability of directors, abettors, etc.

(1)   Where an offence under this Law is committed by an institution and is proved to have been committed with the consent or connivance of, or to be attractable to any neglect on the part of, any director, chief executive, controller, manager, secretary or other similar officer of the institution or any person purporting to act in any such capacity, he as well as the institution is guilty of the offence and may be protected against and punished accordingly.

(2)   Where the affairs of an institution are managed by its members, subsection (1) applies to a member in connection with his functions of management as if he were a director.

(3)   Without prejudice to the generality of subsection (1), a person who knowingly and willfully aids, abets, counsels, causes, procures or commands the commission of an offence under this Law may be proceeded against and punished as a principal offender.

 

 

Legislations of Offshore Financial Centers (assorted by subject)

              Offshore Trust Laws

              Offshore Legislations on Fiduciary and Administration Businesses

              Offshore Legislations on Investment Funds and Protection of Investors

              Offshore Company Laws

              Offshore Partnership Laws

 

Private Banks and Private Banking

Private Bank Account Opening@

 

àPrivate Salon Conference for Hedge Funds

àTranslation of Fund Prospectus, Offering Memorandum, etc.

àHow to Open a Cayman Bank Account

 

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