Managers of Wealth Offshore

Bank of Maldives extends start-up grant deadline

The grant evaluation process will be conducted in two phases.

Amendments to the BVI Civil Procedure Rules Series – Part Two

Any proceeding can be heard in private with the consent of the parties.

FCIB Banking Fraud Alert: customers receiving fraudulent emails

FirstCaribbean is urging customers to exercise extreme caution when such instructions are received in connection with this fraud scheme, known as Business Email Compromise.

Personal Information Protection Amendment Bill 2023

Bermuda has recognized the growing importance of data protection and privacy in the modern digital landscape.

Cayman Islands’ Joint Provisional Liquidators Appointed Over Failed Cryptocurrency Exchange

The Court’s appointment of JPLs in this matter demonstrates that the Cayman Islands Court continues to be adept at dealing with applications for the preservation of assets on an urgent basis.

GFSC – firms cautiously managing sanctions risks

LOCAL financial services firms are ‘cautiously and conservatively’ managing sanctions risks following the Russian invasion of Ukraine.

Guernsey competition law freeze plea in telecoms takeover bid

The company said the merger would result in up to £48m being invested in a new, innovative mobile network, which would include 5G services.

Bermuda permanent residency requirements may be changed

The Bermuda Immigration and Protection Act will have to be amended to alter PRC eligibility.

Corporate Governance Update – Cayman Islands Regulated Entities

The Rule and Guidance will bring about several changes to the previous corporate governance requirements for regulated entities and extend them to private funds, which were not previously covered.

Cayman Islands funds - governance update

The aim of the new rules and guidance is to provide a consistent and enforceable governance regime for all regulated Cayman Islands entities, while eliminating some of the gaps in the current regime.

Jamaicans can get new banknotes in hand as of Thursday

In a release Tuesday, the central bank said the new series of Jamaica polymer banknotes would be available over the counter at BOJ as of Thursday.

Obligations and Filing Deadlines for Registered Cayman Islands Investment Funds

The FAR form is published on the Authority's website and a mutual fund's or private fund's local auditor must submit the required return through the Authority's REEFS web portal.

New Conversion and Division Options for EU Limited Companies

The Mobility Regulations update the current cross-border merger regime

MiCA: A new dawn for crypto-asset regulation

Cyprus is an example of an EU Member State that opted for much greater regulatory oversight than the minimum set out in the 5AMLD

Malta Financial Services Authority (“MFSA”) publishes draft legislative changes to new proposed regime

The MFSA invites stakeholders to provide their feedback on the proposed legislative changes by 22 June 2023.

What are the implications of local and international developments on Family Businesses in the Middle East?

Families are conducting assessments of their current situation regarding local and international assets, investments, and businesses.

Channel Islands strengthen business and cultural links with France

The two islands have also renewed their partnership with the departmental council of Ille et Vilaine for another three years.

Moody’s gives Cayman Islands positive marks for fiscal management

This was one of the highlighted notes by Moody’s Investors Service in affirming the Cayman Government’s Aa3 issuer ratings.

Guernsey and Gibraltar data protection regulators pledge closer co-operation

It serves to cement an already strong relationship with The Gibraltar Regulatory Authority.

Shareholders letter says BF&M warned against sale

The letter reads: “As we noted in our press release earlier today [Tuesday], BF&M is disappointed by the announcement from Camellia that it will sell its 36.9 per cent ownership interest in the company to Argus, a direct competitor.

Regulation, Risk & Compliance