Managers of Wealth Offshore

Cyprus announces expansion of responsibilities of the Financial Sanctions Advisory Committee

The examination of requests in relation to the wrongful freezing of funds at credit institutions.

Snapshot: Cayman Islands Court of Appeal clarifies test for security for costs in context of recovery claims by official liquidators against former management

The Court was satisfied that its conclusion "involves no element of prejudgment on the substantive issues raised in the proceedings" and overturned the decision on appeal.

HSBC introduces ‘Quiet hour’ in branches to support customers with sensory needs

Staff will be available in the branch during that hour but won’t proactively approach customers in order to keep noise to a minimum.

3 Simple Steps to Creating an Evergreen Compliance Strategy for Islamic Funds and Structures

The average multinational financial services firm spends hundreds of millions of pounds on compliance each year.

General Court decision in Gibraltar State aid case

The General Court partially annulled the State aid decision issued by the Commission, in so far as it relates to individual aid granted to the plaintiff, based on a tax ruling, for the period 2014 onwards.

Establishing A Regulated Fintech Firm In Ireland

This includes project management, application submission and support, and regulatory advice.

Snapshot: Cayman Grand Court considers section 238 valuation date and impact of PRC laws on discovery obligations

At an initial directions hearing, the Court was required to determine inter alia

Enforcement Guidelines and administrative fines – CRS and economic substance

The TIA will exercise its enforcement powers in a manner which is reasonable, transparent, lawful, rational and proportionate.

16 charged by US over $194m complex investment scam across 3 continents

All of the investigations received assistance from the SEC’s Office of International Affairs

Nearly £3m of employers' payroll 'overclaims' still to be repaid

70% of repayments were made within 30 days, 90% within six months and 2% after one year or more.

BWCI welcomes secondary pensions policy letter

This will provide the basis for a more comfortable retirement for the large number of Guernsey employees who do not currently have the benefit of an occupational pension arrangement.

BMA launches data call on sanctions against Russia

Registrants are to disclose their exposure to the ongoing events between the Russian Federation and Ukraine and provide details on the impact these events have had on their assets and underwriting as of 31 March 2022.

Cayman Gov’t sets October deadline to seal financial deal on ReGen

Energy recovery facility projected to be commissioned in 2026

CDB's public procurement reform programme enters second phase

Often appropriate institu- tional structures were not in place to undertake

Updated guidance on the countering of the financing of proliferation of weapons of mass destruction

To do this, Industry will be risk assessed for exposure to proliferation financing risk.

Bahamians Must Pay For Benefits They Want

The actuaries over the last 10, 15 years have been predicting that the fund is jeopardised because of us not having raised the contributions to NIB.

Facilitating Corporate restructurings in the Cayman Islands – The new “Restructuring Officer”

The Amendment Bill will also make some helpful changes as regards who can apply to Court for the appointment of a restructuring officer.

Jersey freezes $7bn of Roman Abramovich's assets

The Royal Court also imposed a formal freezing order on 12 April

Financial firms can expect more scrutiny of outsourcing arrangements

Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g

“We’re trying to keep Guernsey at the forefront of financial innovation”

The world’s first Tier 1 Bitcoin exchange-traded fund (ETF) was designed by consultancy firm Midshore Consulting and launched by Jacobi Asset Management. Essentially they’ve created a fund that tracks the price of bitcoin by buying bitcoin.

Regulation, Risk & Compliance