Archive | October, 2004

Offshore Consultant Jonathan Curshen Explains the Basics of Offshore Wealth Protection

MIAMI, Oct. 29 /PRNewswire/ — Jonathan Curshen is a consultant in the area of international asset protection. He is a member of ITPA (International Tax Planners Association) and APOI (Asia Pacific Offshore Institute). He specializes in offshore asset management, global investing, worldwide banking, and investment strategy and counseling. It is his business to know what […]

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China Cracking Down on Money Laundering

A Chinese crackdown on money-laundering has uncovered 330 possible cases involving more than US$1 billion (euro 790 million), the government said Thursday. The cases, found from January to June, have been handed over to prosecutors, state television reported, citing the government’s foreign exchange regulator. In one case, regulators were alerted by a surge of foreign […]

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Offshore funds change the status quo

By Jenne Mannion – UK investors could soon have access to hundreds more funds as a result of important changes to two sets of rules, one governing offshore funds and the other the structure and operation of investment portfolios. Tony Stenning, the director of products and client strategies at Merrill Lynch Investment Managers, describes them […]

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At last! Barclaycard makes US debut

Barclaycard’s recent $293 million (€240 million) acquisition of Juniper Financial from Canadian bank CIBC may not be the leap the credit card unit of the UK’s sixth-largest bank had planned, but does provide a long-sought after point of entry into the $700 billion US credit card industry. With 700,000 credit card accounts and $1.4 billion […]

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UBS, CS bet heavily onshore initiatives

Determined to lessen their reliance on the often-controversial offshore private banking market, UBS and Credit Suisse (CS) continue to invest heavily in onshore private banking in Europe. These onshore operations are posting cost:income ratios of well over 200 percent – meaning that they are significantly loss-making. Such is the fervour with which the two big […]

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Offshore Consultant, Jonathan Curshen, Examines International Asset Protection in Belize

MIAMI, Oct. 22 /PRNewswire/ — Jonathan Curshen, a consultant in the area of international asset protection and member of ITPA (International Tax Planners Association) and APOI (Asia Pacific Offshore Institute), urges businesses to consider Belize for their offshore operations. Mr. Curshen specializes in offshore asset management, global investing, worldwide banking, and investment strategy and counseling. […]

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Make Jamaica a tax shelter

By Dwight Bellanfante – Government senator Noel Sloley has called on the Patterson administration to set up Jamaica as an offshore financial centre and tax haven – an idea that JLP leadership aspirant Bruce Golding says that he is already studying. “I have asked a team to examine a specific set of proposals including the […]

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Executives Trade Stories on the Challenges of Doing Business in a Global Economy

Christopher Rodrigues, chief executive of Visa International, brandished a cell phone to make his point about global expansion during a conference in London last month organized by the Economist and the Wharton/INSEAD Alliance. This, he said, was the unlikely means by which companies like Visa will penetrate new markets, particularly in developing nations. Not that […]

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‘Benedict Arnold’ CEOs fund Kerry. Front-runner has accepted $370,000 this election cycle

By Sam Dealey – Although Democratic presidential front-runner John Kerry often rails on the campaign trail against U.S. companies that relocate jobs abroad, seeking lower tax and wage rates, federal records show that the Massachusetts senator is heavily invested in such companies and has recently received substantial support from some of their top executives. Campaign […]

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Channel flannel

By Simon Gray – Officials and financial industry practitioners in Jersey and Guernsey are mostly too polite to point it out, but in any comparison between offshore financial centres they possess a certain climatic advantage – not that it might seem particularly evident on a wet and gloomy winter’s day off the Normandy coast. However, […]

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