Category: Press & Articles

If you or your clients have UK residential property, you are probably aware that those properties held in offshore vehicles will be subject to tax changes which take effect from April 2017. Inheritance tax will be introduced to all offshore companies that own UK residential property, including tenanted property. Recently the Annual Tax on Enveloped […]

Originally posted on Reuters By Jonathan Stempel | NEW YORK A federal bankruptcy judge on Tuesday dismissed lawsuits by the trustee liquidating Bernard Madoff’s firm to recoup funds from Koch Industries Inc, the company controlled by billionaire brothers Charles and David Koch, and dozens of other defendants. U.S. Bankruptcy Judge Stuart Bernstein in Manhattan said […]

One party is calling foul, the other is relieved, but it’s not only Hillary Clinton’s opponents who were asking how the FBI could have so quickly concluded, in eight days, that the further 650,000 uncovered emails do not alter the findings of its earlier investigation into the use of a private email server whilst Mrs […]

Published in the Cayman Compass Contractor MEPCO shut down its operations this week and approximately 50 employees at the company lost their jobs, according to the liquidators who took over the business on Tuesday. At the time, MEPCO representatives said the company would keep its four other ongoing contracts with DECCO. Responding by email, MEPCO […]

By Kevin Haywood Crouch and Jacqui Sanaghan. Ask yourself, are cyber breaches a fact of life now?  Yahoo, the Bahamas corporate registry, Mossack Fonseca, World Anti-Doping Agency (WADA), the list is growing, and the profile of these hacks and leaks is no longer the traditional mining of personal or financial information to be sold to […]

Published in 27th Annual ACFE Global Fraud Conference – Speakers Handbook. Author: Kenneth Krys, Founder and Executive Chairman, KRyS Global Many sophisticated fraudsters use offshore bank accounts and corporate vehicles to conceal their proceeds of fraud. With many of these offshore jurisdictions having bank secrecy and little public information, fraud fighters often find themselves with minimal […]

Stakeholders and indviduals interested in more information about opportunities related to the Panama Papers should download Paper Chase, a pdf. Contact Kenneth Krys or Kevin Haywood Crouch, to explore how we can assist. KRyS Global, together with our partners at BTG Global Advisory, are one of the world’s largest alliances providing extensive specialist expertise in […]

Published on ABI Fraud Website Introduction “Let there be an end, a privacy, an obscure nook for me. I want to be forgotten even by God.”[1] This Browning verse would serve as an apt credo for many fraudsters looking to exit the game. The problem is that today the exit always seems to include an […]

Published in Travelpulse, October 23, 2015 By Brian Major Stalled Bahamas mega-resort Baha Mar laid off 2,000 employees effective Oct. 23 after the country’s Supreme Court granted joint provisional liquidators KRyS Global and AlixPartners approval to release the workers Thursday. The layoffs, made due to the resort’s financial insolvency, affect about 1,440 non-active employees and […]

Published in Law360, October 15, 2015 By Kurt Orzeck A New York federal bankruptcy judge has granted a request by the liquidator for an offshore Bernard L. Madoff feeder fund to undo its allegedly imprudent sale of a $230 million claim against the Ponzi schemer’s defunct firm to a hedge fund. U.S. Bankruptcy Judge Stuart […]