Managers of Wealth Offshore

Changes to Guernsey's insolvency regime in force from 1 January 2023

Exempt companies in liquidation from the requirement to have their accounts audited.

BVI Voluntary Liquidations Now Require a Locally Resident Voluntary Liquidator

The BVI residency requirement for a voluntary liquidator applies for appointments made after 1 January 2023 and in cases where joint voluntary liquidators are appointed, only one must be resident in the BVI.

New disaster risk management bill seeks to ‘right the wrong’

Cooper slammed the Minnis administration’s response to Hurricane Dorian while making his contribution to the debate on the Disaster Risk Management Authority Bill in the House of Assembly.

Cayman Islands Monetary Authority fines Artex

The Authority reminds licensed Insurance Managers of their ongoing legal obligation to report any unauthorised material change in the business plan of an insurance company under their management and any other instances of non-compliance with legal and reg

Contracting with segregated portfolio companies — what any lender should know

The priority position with respect to the security will relate only to the specific segregated portfolio and will have no bearing on that of any other segregated portfolio.

Preferred, professional, pragmatic

The depth of the knowledge, expertise and experience of service providers here is world renowned.

Credit Suisse attempts to get $550m payout ruling overturned

Chief Justice Narinder Hargun had estimated that Credit Suisse Life Ltd, a Bermuda-based subsidiary of Credit Suisse, defrauded the Georgian billionaire Bidzina Ivanishvili, his family and two related companies of about $600 million.

Guernsey Listed Funds

Guernsey's companies law includes many English companies law principles

Cayman diligently carving a path to FATF compliance in 2023

One concern is the virtual assets' space, including the virtual and virtual asset service providers.

Trouble in paradise: Bahamas fears FTX crash could hurt its rep

The previous Bahamian administration, led by prime minister and finance minister Huber Minnis, launched DARE with great pomp and confidence.

ADB approves $7.51million grant to Maldives to support gender equality project

The grant will support innovative gender approaches, which have a catalytic role in changing social norms and discriminatory practices.

HSBC Malta slapped with €82,000 fine by money laundering watchdog

The FIAU highlighted incidents when high-value transactions went unnoticed by the bank's system

Walkers Global Fintech Group Attains Chambers Band 1 Rankings Again

The firm has fintech specialists across its 10 offices spanning the Americas, Europe, Asia and the Middle East.

Regulator warned 127 on financial crime compliance

The revelations came in a Compliance Commission report that concluded The Bahamas was “unlikely” to be “a real estate-based money laundering centre”

UAE: St Kitts and Nevis to enhance citizenship by investment programme

Caribbean country invites investors to benefit from, 'cash in on' opportunities in diverse sectors, especially renewable energy

ECJ Rules Public Access to Beneficial Ownership Information Invalid

The introduction of publicly accessible Ownership Registers gave rise to concerns from an invasion of privacy perspective.

TrustQuay signs technology agreement with Perpetual Guardian

Having been in business for more than 135 years – and with offices around the country servicing over 140,000 client relationships – Perpetual Guardian has unsurprisingly amassed a complex and varied landscape of legacy software.

Mastercard and Vesta enhance fraud management

The two organisations are joining forces to not only meet merchants’ security needs but also address a broader effort to enhance the consumer’s digital experience and strengthen their trust in e-commerce.

Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’

The BMA rejected its application on 30 September.

Barbados joins IOM

The IOM works to help ensure the orderly and humane management of migration; promote international cooperation on migration issues

Regulation, Risk & Compliance