Managers of Wealth Offshore

Malta’s greylisting to be discussed at FATF plenary session in coming days

Government has always been cautious in its comments about its expectations regarding when Malta will get off the list.

GFSC ‘must measure up to expectations’

It does also necessarily define the bar required with respect to the level of expertise and knowledge of all commission staff.

Wide-ranging pension transfer costs raise regulatory eyebrow in Guernsey

After advisers reported issues with moving their clients’ pots

Bill passed to transfer all assets of Jamaica Development Bank to DBJ

In his remarks, Finance and the Public Service Minister, Dr Nigel Clarke, said the DBJ was created in April 2000 from the merger of the National Development Bank Limited and the Agricultural Development Credit Bank.

Jamaica Becomes World’s First Country to Issue CBDC Legal Tender

The new legislation in the country now broadens the definition of legal tender to include virtual tokens in addition to physical notes and coins.

Consumers hit by 11.2% overall price increase in 2022

Most of the price rises stem from higher energy cost across the world. Fuel prices during the period climbed 29%.

Bank failure authority signs MoU

While independent from the Jersey Financial Services Commission, it has pledged to work closely with the JFSC to fulfil its goals and recently signed a Memorandum of Understanding detailing how the pair will work together to reduce the risk of financial l

Huge leap in prices for Q1 2022

A comparison of the first quarter of 2022 with the fourth quarter of 2021 indicated that the CPI rose by 1.5 per cent

Amendment Intended to Attract Investment and Benefit Clients

Their key feature is that they diversify funding sources and reduce overall costs of funds for large insurance and reinsurance carriers.

New ESMA Guidance on Sustainability Risks and Disclosures

While the Briefing is aimed at NCAs, is non-binding and not subject to any 'comply or explain' provisions, it sets out several key supervisory expectations.

Amendment Intended To Attract Investment And Benefit Clients

Minister Ebanks said the insurance amendment proposes to introduce capital redemption contracts.

Conyers Q1 Update

On the transactional front, Q1 has been another busy quarter for the BVI office

Gender Pay Gap Reporting in Ireland

The GPG report must be published within six months of the snapshot date

The Great Debt Experiment

With debt at more than 3 X global annual output, the resilience of the world financial system and its ability to withstand further shocks is the subject of much debate.

Amendments to Investment Business Act 2003

“Investment business” was broadly defined to mean engaging in one or more “investment activities by way of business” with “investment activities” being those which were set out in a schedule to the IBA.

FinanceMalta back on the road promoting the island’s financial services

Foundation at 12 major international engagements between March and June 2022

Economic Substance Update: Compliance Reviews, Proposed Penalties and Filing Declaration Preparations

In order for the Registrar to demonstrate the effectiveness of its supervisory framework, it will undertake both desktop and on-site audits of Bermuda entities.

Expansion of Russian Sanctions Regime in Bermuda

Appleby is actively tracking these developments, and is advising clients on the legal and practical impacts of these measures.

What documents and information can a third party obtain from a BVI company?

Although confidentiality is desirable from the company's perspective, it means that only limited documents and information about the company are publicly available.

The Financial Services Commission Confirms Processing Fees and Licensing Criteria

The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings

Regulation, Risk & Compliance