10/12/2023
The implications of EU regulations on Malta's financial sector
What are the challenges and opportunities?
Regulation, Risk & Compliance
10/12/2023
Offshore Bank Accounts For Expats Explained
An offshore bank account is perfectly legal, provided interest earned is reported when filing a tax return.
10/11/2023
Business grants to help disabled access work in Guernsey
The grants could help fund the "purchase of appropriate aids or specialist equipment, software, etc", they added.
10/11/2023
Central Bank: Don’t send dormant accounts ‘direct’
The Central Bank, in its 2022 annual report, revealed: “As at December 31, 2022, the Bank maintained custody of 41,878 dormant facilities with balances totalling $89m denominated in six currencies."
10/11/2023
New Bill to enhance and consolidate Cayman Island's Beneficial Ownership Rules
The Bill makes no material changes to the requirement for in-scope entities
10/09/2023
Cayman Islands funds - governance update
All of CIMA’s rules and statements of guidance relevant to regulated Cayman Islands funds can be viewed on CIMA’s website.
10/09/2023
2023 Corporate Governance for Regulated Entities: What You Need to Know
Regulated entities refers to all entities regulated by CIMA under the 'regulatory acts' as defined within the Monetary Authority Act (As Revised), and includes mutual funds and private funds.
10/09/2023
ICYMI: RIPL offence max sentence increased to five years
Failure to comply with the notice used to lead to a possible maximum sentence of two years.
10/06/2023
Ocorian completes acquisition of Asia-Pacific Accounting & Secretarial Services (A-Pass)
This acquisition adds scale to Ocorian’s existing business in Asia creating a combined business with the ability to serve a broader range of clients’ requirements.
10/03/2023
The Prevention of Discrimination (Guernsey) Ordinance, 2022
Where a person with a protected ground is employed to do work that is equal to that of a comparator
10/03/2023
'Banks should consider worker exploitation when deciding on credit' - BOV banker
Flores was among a panel of experts discussing the social element of ESG
10/03/2023
Proposed Amendments to the Cayman Islands Beneficial Ownership Regime
The Bill demonstrates the Cayman Islands’ continuous efforts in adopting the changing international standards for anti-money laundering and countering terrorist financing.
10/02/2023
Central Bank Governor outlines five-part strategy for sustainable economic expansion
He identified the Blue Economy, a digital Caribbean, green energy transition, an agri-revolution and intensifying regional integration as the pillars on which his model is anchored.
10/02/2023
Scotiabank exec touts Bahamas-based trust as a solution for modern wealth management
According to Stubbs, the complexity associated with these new rules and requirements has caused many Latin Americans to turn to the USA as the preferred jurisdiction for trust and estate planning.
09/29/2023
Anti-discrimination law comes into force on Sunday
In 2018, the States of Guernsey unanimously agreed to extend this to the development of proposals for a piece of legislation to cover multiple grounds of protection.
09/29/2023
BMA issues discussion paper on climate risk disclosure
The BMA said the pillars are designed to support companies in considering, integrating and reporting on climate risks and opportunities.
09/29/2023
New corporate governance framework for Cayman managers and funds
CIMA’s Rules impose binding obligations on regulated fund entities and violations may result in administrative fines or regulatory actions.
09/28/2023
Preparing for the Guernsey MONEYVAL Assessment in 2024
The Guernsey Financial Services Commission are due to start reaching out this week to the sixty licensees whose names will be put forward to MONEYVAL for visits in April 2024.
09/28/2023
MFSA hosts EC TAEIX-TSI workshop on sustainable finance disclosure and reporting
Workshop brings together various experts
09/28/2023
New Shared Equity Scheme For First-Time Buyers In Jersey Announced
It is envisaged that up to 60 households will benefit from this scheme.