Managers of Wealth Offshore

Managing risks with related party transactions

Even seemingly small transactions must be recorded on related party registers and may require disclosure in the financial statements.

Cayman Islands advances on digital ID plan as cabinet okays draft bill

He said the draft legislations will not only bring innovation to business transactions, but will also facilitate the way Caymanians access public services both with government and private business entities.

SiriusPoint scales back catastrophe business

The combined ratio was 107.7 per cent.

Doctors urge Gov’t: ‘Hit pause button’ over NHI

What we must recognise, however, is that healthcare providers are part of a complex local ecosystem.

An introduction to the new lending, credit and finance law

The primary purpose of the LCF Law is to regulate the credit and finance sector to protect consumers who make use of consumer credit, including individual loans, home finance and credit for the purchase of goods and services.

Safe Hands Plans’ customer money ‘funnelled to offshore tax havens’

The administrators were appointed after Safe Hands withdrew its application

A Leaf Through Key Considerations Relating to Green Lease

The alterations clause may also provide that the tenant may not make any alterations which may adversely affect the Building Energy Rating ("BER") or environmental performance of the premises.

JTC Group Becomes UN PRI Signatory

JTC joins other global signatories that between them have combined assets under management or administration of over US$121 trillion.

Clarien Bank increases base lending rates

That was following an increase in the Bermuda dollar base rate for personal mortgages and the rate for commercial mortgages on June 1.

Bermuda Insights: Regulatory & Risk Advisory

The Notices permitted entities to make representations to the ROC for the ROC to decide whether the actions taken by the entity are adequate to meet the economic substance requirements or whether further enforcement action is required.

Private bank obtains Cayman licence

It can now offer services to HNW individuals residing in the region

Jersey Aircraft Registry to close

The decision has no impact on commercial flight connections, and will not affect private pilots.

NCB granted ‘Category A’ banking license in the Cayman Islands

NCBKY previously held a Category B banking licence in Cayman, since it was established in Cayman almost 30 years ago, which permitted only non-resident business.

Bermuda needs NFT and blockchain policies, says entrepreneur

Bloktime uses non-fungible tokens to help brands authenticate products and increase revenue over multiple cycles.

Staff poaching and wage inflation causing problems for employers

The States confirmed this week that RPI has reached 7.9% - almost double what it was a year ago.

Insolvent Trusts: the Order of Priority is……

There were insufficient funds to meet the claim, let alone those of other creditors.

Guernsey introduces a summary civil forfeiture procedure: what does this mean for trustees?

The summary procedure will apply where assets in a Bailiwick bank account have been the subject of "no consent" for at least a year.

Government sources reportedly say scheme is ‘dying’

But the government expects to make less than half by the end of this year – around €30m – and even less in 2023, with a forecasted revenue of €20m.

Price control amendments to take effect November 1

Halkitis warned that there will be various penalties for non-compliance, but expressed that the government will not be coming down with a “heavy hand”.

MFSA warning about unlicenced entity

Quickx or CNexchnage not licensed to provide financial services

Regulation, Risk & Compliance