09/27/2021
UBS noted a decision by French judges to postpone their ruling on the Swiss bank’s appeal against a 4.5 billion euro ($5.27 billion) fine imposed for helping wealthy clients stash undeclared assets offshore.
09/27/2021
The Central Bank’s guidance states that a DAoFI may only be appointed to act for authorised AIFs which are qualifying investor AIFs
09/24/2021
In effect, the Crowdfunding Rules legitimate the operation of a crowdfunding platform in Mauritius and provide for its modus operandi.
09/24/2021
Under examination: BVI and Cayman regulatory inspections
They also allow for jurisdictions and products to remain competitive and attractive to clients who are looking for reliable
09/23/2021
In July 2021, the CBI issued a Dear CEO Letter (the "Letter") setting out its findings and expectations arising from the review.
09/23/2021
The Claimants formed a consortium with CPE Fund Management Limited and on 7 December 2020, made a non-binding offer to acquire all outstanding shares of the Company for $15.47 per share (the Proposal).
09/23/2021
This briefing note provides a summary of those strategies and will be of interest to those operating in the finance industry and compliance sector.
09/23/2021
Consequential amendments – most provisions that allow for the proper law to be changed also allow consequential amendments to be made to the trust instrument when the power to change the proper law is being exercised.
09/23/2021
The major regulators The Financial Services Commission (FSC) in the BVI and the Cayman Islands Monetary Authority (CIMA) in the Cayman Islands are the principal financial services regulators that are tasked with supervising, monitoring and regulating the
09/23/2021
The questions raised by the ITA in these audit requests have included not only details of the business purpose, assets and day-to-day activities of the relevant entity, but also details as to what steps the entity took in order to make its determination a
09/23/2021
The proposal sets the threshold for cryptoasset transfers at GBP 1,000 so it will therefore be necessary for firms to calculate the value in GBP of, for example, a transfer of Bitcoin or Ethereum.
09/22/2021
Ashford added that in the past five years HMRC has heightened its focus on cracking down on so-called ‘enablers’.
09/22/2021
The data will help determine the JFSC’s approach to supervising non-profit organisations, particularly those that are considered more vulnerable.
09/22/2021
Jersey’s Government Plan and the proposed budget changes – how it will impact you
“This, the final Government Plan of our term of office, maintains our commitment to the priorities we set at the start of this Government’s term of office"
09/22/2021
Revised Work Safely Protocol For Employers And Workers In Ireland
Continuing our Recovery and Reconnecting' guidance roadmap.
09/21/2021
Cryptocurrencies in Liquidation: Perspectives from Cayman and the BVI
As of the first week of May 2021 the combined value of all crypto coins stood at an incredible US$2.43 trillion.
09/21/2021
JFSC: Comprehensive changes needed for some businesses to fully comply with Enhanced and Simplified Due Diligence Measures and Exemptions
The findings highlight a range of statutory obligations and regulatory requirements that were either not complied with or were only partially complied with.
09/20/2021
For private funds with a financial year-end of 30 April 2021 and later, the filings must be completed within 6 months
09/20/2021
The Government Plan 2020-23 set out plans for a FSB and this has now been operating on a 'shadow' basis for two years with the intention of fully establishing it once we had reviewed its operation.
09/20/2021
WhatsApp was issued a €225 million fine, the largest ever fine from the DPC, and the second-highest under GDPR rules.