Managers of Wealth Offshore

BMA amendment fixes fee error

It also seeks to correct fees incorrectly stated in the principal act to ensure that all fees previously consulted on by the BMA are correctly referenced.

Antiguan Govt accuses local bank of frustrating attempts at divestment

The government already controls 25 per cent of the ECAB and Browne said “they continue to frustrate the government for years now.

Ireland's New Corporate Enforcement Authority

The powers and functions of the CEA, which include the investigation of suspected breaches of company law by companies and their officers and enforcement, including by the prosecution of offences, are materially the same as those of the ODCE.

GFSC consults on fees for 2023

This has been despite evolving and increasing regulatory standards that have led many other regulatory bodies to levy significantly higher fees.

MOrsel: Draft Prevention of Discrimination (Guernsey) Ordinance, 2022 submitted to the Legislation Review Panel

A few important amendments have been made to this latest draft

Judicial Review in the Cayman Islands

This guide examines the framework for judicial review proceedings in the Cayman Islands.

Save the date for Guernsey's new discrimination laws - 1 October 2023

This will give employers over 12 months to "get their heads around" the legal obligations contained in the legislation and implement the steps necessary to ensure compliance when it comes into effect.

Guernsey Approves New Virtual Asset Service Provider & Consumer Lending Law

Certain exemptions do apply

Jamaica moves to develop risk financing policy for catastrophe bonds

Arising from the direction of the policy will be the presentation of the Catastrophe Bond to consider the projected frequency and intensity of severe natural hazards

NBD will no longer pursue the purchase of FCIB operations in Dominica

The Chairman noted NBD remains ever conscious of, and sensitive to, its unique importance to Dominica’s banking industry and the entire economy and added that the Bank will continue to strive to respond successfully to the responsibility to which it

Digicel signs partnership with St Vincent and the Grenadines

The deal through the National Telecommunications Regulatory Commission connects Vincentians to opportunities

Dutch central bank fines Binance 3.3M euro for operating without registration

The registration application is currently under review.

Power struggles: challenges based on capacity and undue influence

The beneficiaries may seek to take active steps themselves, particularly where their interests may have been prejudiced by any such purported exercise of powers.

The EU AML List and the European Securitisation Regulation: Cayman Islands Update

The addition of the Cayman Islands to the FATF Grey List came despite Cayman being considered as compliant or largely compliant in 39 of the FATF's 40 recommendations and having completed 60 out of 63 FATF Recommended Actions.

Competition Regulator paves way for more competition in the business connectivity market

Data shows that there were 1,005 leased lines in use in Jersey in 2019, worth £11.8m in annual revenue, or 10% of the overall wholesale market.

The price of an interlocutory injunction

The JCPC rejected the submission that damages need not be restricted to losses sustained during the period for which the injunction was in force.

Guyana Government reviewing applications for merchant banks

We may need to even change the bank supervision rules. But if the current commercial banks are not fit for purpose or are not aggressive enough.

CIBC FCIB assures orderly transfer of client accounts in SVG, St Kitts

We commit to providing you with the necessary communication to ensure you know precisely when CIBC FirstCaribbean’s service ends and BOSVG’s begin and what that means for the management of your accounts.

MiCA and Central Bank Feedback on VASP Registrations

Regulators have long been concerned that trading in crypto-assets lacks a sufficient degree of transparency, protection and redress for consumers or retail investors.

The international architecture for financial regulation

Financial crises and failures generate political often lacking normally

Regulation, Risk & Compliance