Managers of Wealth Offshore

The accounts and audit rules applicable to Jersey companies

Part 16 was amended in 2010, first

FirstCaribbean announces interest rate increase

Other local banks are expected to issue similar advisories to their customers.

IMF tells Malta to plan ahead over energy subsidies and global tax rules

IMF toasts ‘remarkable’ pandemic recovery by Malta but says island has to plan ahead over coming reforms in global tax rules as well as on energy subsidies

Bermuda Economic Substance Declaration Filings—February 2023 Alert

Such Declaration Forms must be filed annually, within six months of the last day of the entity’s financial year.

Lasting Legacy? Disclaiming a Gift of Immovable Property in Jersey

The Court granted their request and the disclaimer was successful

Labuan IBFC and SBF to jointly host masterclass on Labuan International Business and Financial Centre

The masterclass will showcase Labuan IBFC’s sectoral offerings and services

ODPA registration reminder

Registration may only be the first step, but it is an important one.

Isle of Man Financial Services Authority updates its supervisory approach

The revised supervisory methodology has been in development for some time, with the project highlighted as a priority in the Authority’s Strategic Plan and Annual Report.

New Rules are Coming: Is Your Cayman Fund Compliant?

Operators of funds must ensure the conduct of the fund and its service providers is in accordance with these regulatory measures.

Privacy and Data Breaches in the Cayman Islands

The first step in ascertaining as to whether or not the DPA is applicable to a Cayman entity is to establish if the entity is a data controller or a data processor.

Cayman Islands: The Virtual Currency Regulation Review

The Cayman Islands Special Economic Zone provides a simplified route to establishing a physical presence and employing staff in the Cayman Islands.

Concerns government isn’t engaging with businesses enough

In response, Mr Hooper explained that industry is ‘at the heart of the department’s decision making’ and it has plenty of communication.

Proposed amendments to SRA standards and regulations

The amendment specifies that bills and notifications of costs must be for costs that have already been incurred.

Although the adopted tax measures do not represent any drastic changes or substantial reforms for individual or corporate taxpayers within the funds industry, they provide for useful clarifications and are worthwhile noting.

Ocorian achieves leading information security certification ISO 27001

Achieving this certification reflects our ongoing commitment to keeping not just our own data safe, but more importantly, that of our clients.

Central Bank reserves increased to $2.6 billion in 2022

Rolle noted that the foreign exchange markets continue to provide more quantifiable, real-time indicators of the country’s recovery.

Bermuda Cyber Risk Code Compliance Deadline

Each Relevant Legal Institution is also required to appoint a Chief Information Security Officer to oversee and implement its cyber risk programme and enforce the cyber risk policies.

Bermuda Insurance Code of Conduct: Conduct of Business and Conflict of Interest Policy Compliance Deadline

The remainder of section 8 of the Code of Conduct also requires compliance by 1 March 2023.

Time runs out for registration of overseas entities

OEs still needing to register under the new regime should contact us urgently for assistance to avoid further penalties applying.

Thousands of offshore companies miss UK property register deadline

List set up to tackle estimated £100bn of illicit financing often channelled through British real estate

Regulation, Risk & Compliance