Managers of Wealth Offshore

Basic wage increase for tourism workers on hold

The Minimum Wage Advisory Committee conducted comprehensive and detailed research and in March 2024, produced a report explaining why the basic wage should be increased.

Belasko achieves ISAE 3402 Type 1 accreditation

This achievement is not only a mark of quality, but a springboard for continuous improvement

Banking on Trust: How Belize Balances Privacy and Compliance in the Global Financial System

Belize’s regulatory framework has evolved meaningfully in recent years.

Update on the British Virgin Islands and the FATF's list of jurisdictions under increased monitoring

By way of background, the MER assessed the effectiveness of the BVI's AML/CTF/CPF measures and compliance with the FATF's 40 Recommendations.

CDB President Calls for Stronger Institutions to Drive Caribbean Resilience

These forces demand that we protect and support our institutions, not just as safeguards, but as the mechanisms that enable us to have a seat at the table, a voice in defining our future, and control over our destiny.”

Updated Prospectus Rules in Guernsey: new exemptions for offers of general securities

It is worth noting that according to the guidance, the exemptions can be used cumulatively.

Migrating a company into Guernsey

An overseas company successfully registered as a Guernsey company must, as soon as possible, file with the Registrar any certificate or other document issued in that overseas territory

Bank Aston receives licence from Guernsey banking regulator

To support the launch, Bank Aston has appointed Kevin Brown as Chairman

Bermuda Paves the Way for Captive Insurers with New Stablecoin Policy

This move comes in response to increasing market demand

Stern warning issued for non-compliance of Business Staffing Plan requirements

Businesses with 15 or more employees on a work permit are required to file business staffing plan applications, which, if approved, are valid for three to five years.

Irish companies required to comply with new EU gender balance regulations by 2026

These regulations impose strict new gender balance requirements for boards of listed companies

BOJ urges public to accept old banknotes through June

The BOJ introduced the polymer banknotes in 2023 as part of its efforts to improve the durability, security, and cost-effectiveness of Jamaica’s currency.

BOJ cuts policy rate again, urges Jamaican banks to lower lending rates

Since last year, the central bank has cumulatively reduced its policy rate by 125 basis points, down from seven percent.

New BVI national minimum wage announced

Last year, the BVI Cabinet decided to implement an US$8.50 minimum hourly rate, which was due to take effect on 30 November 2024.

Guernsey Funds: an overview

There is no prescribed frequency of redemption or period within which the redemption moneys be paid.

Guernsey's regulator signals welcome shift to open up crypto-fund opportunities

The statement comes weeks after the GFSC announced an update to already successful private investment fund (PIF) rules

Central Bank clarifies remittance policy for non-residents holding Bahamian dollars

The Bank reaffirmed its oversight role, stating that it “will continue to monitor these transactions closely” and expects full compliance with delegated limits and customer due diligence protocols.

Guernsey funds: innovation with alternative strategies

Deal-by-deal arrangements allow investors to commit capital to individual transactions rather than a traditional blind pool fund.

ECB cuts rates again

Money market report for the week ended June 6, 2025

Two Major Programmes to Foster Digital Innovation and Strengthen Climate Resilience

Pointing to the Atlantic Hurricane Season, which began on June 1 and runs until November 30, she said the weather forecasting programme is timely and important.

Regulation, Risk & Compliance