The European Union (Anti-Money Laundering: Beneficial Ownership of Trusts) Regulations (the “2021 Regulations”) commenced on 24 April in Ireland. The 2021 Regulations revoke and replace the previous 2019 beneficial ownership of trust regulations. The 2021 Regulations also: define what is meant by an “express trust”; define which express trusts are out of scope; define what […]

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 became effective on 23rd April 2021. The Anti-Money Laundering (AML) and Counter-Terrorist Financing laws and regulations of Ireland are applicable to all ‘Designated Persons’ including Special Purpose Vehicles providing ‘Schedule 2’ services and registered with the Central Bank of Ireland for this purpose.   […]

To promote and simplify cross-border online trade (e-commerce), the EU has introduced the One-Stop-Shop (OSS) VAT return and the abolishment of the Distance Selling thresholds. OSS is not compulsory and applies to business to consumer (B2C) sellers only. From 1st of July 2021, B2C sellers shipping goods from their home country to customers across the […]

2020 was a challenging year in Luxembourg with business having to rapidly adapt to the implications of COVID-19 and on-going Brexit negotiations. In this article, we focus on the key issues the alternative investments industry faced in Luxembourg and look forward to how 2021 might shape up. COVID-19 and Brexit According to a PwC Trend […]

Cafico International is delighted to welcome Alex Michael as Senior Manager in its Luxembourg office. Alex will be responsible for managing relationships with clients, advisors, banks, auditors and other stakeholders on the initial implementation of their corporate structures and subsequent ongoing management. He will have oversight over the financial and regulatory reporting for all client […]

Cafico International has been authorised by the Aviation Working Group (AWG) to act as trustee service provider for the Global Aircraft Trading System (GATS), a digital trading platform that has been designed to modernise aircraft equipment trading and financing. Cafico International is the only Irish owned GATS approved trustee. AWG has developed GATS to facilitate […]

The Central Bank of Ireland has issued a ‘Dear CEO’ letter with respect to compliance by SPVs which are required to be registered under Section 108A of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010, as amended, as Schedule 2 firms.

Thank you to all of our esteemed guests from the Luxembourg legal, financial and business communities for helping us to make our launch event Hotel Le Royal Luxembourg so memorable. Cafico International Luxembourg is officially open for business for the provision of financial services as well as for corporate domiciliation services. Contact us for a […]

PRESS RELEASE: Rodney O’Rourke, Managing Director of Cafico International, an Independent Trust and Corporate Services Provider head-quartered  in Ireland, has announced the opening of its first international office in Luxembourg.

As part of our charity partnership programme with The Jack & Jill Children’s Foundation, Team Cafico successfully climbed the 29th tallest mountain in Ireland during “Reek Week” in July 2019. A team of committed and dedicated participants made the journey to Westport, with the remainder of the Cafico staff rallying around with support and encouragement […]