Managers of Wealth Offshore

Cayman Court provides clarity on costs

Pursuant to the terms of the loan, ZZHK also had a contractual entitlement to recover its costs of the rectification application from Geoswift.

Global prime market disruption

Given the influence that the US has on the world economy, any experiment by the US is likely to have a global impact.

Mauritius enhances its Special Purpose Fund regime

The objective of the revamped SPF Rules is to ease access to new markets and offer international fund managers and GPs the ability to establish a tax exempt entity that has economic substance in Mauritius to attract investors.

International Investors Can Now Apply for Bermuda’s New Residency Certificate

To ease the process for prospective EIC applicants, the Bermuda Business Development Agency (BDA) offers a dedicated and personalized business concierge to act as a single point of contact. Interested parties can schedule a confidential conversation to le

Key trends from the boardroom in 2021

This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.

The SFDR – get it right from the start

The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three

RBC successfully completes sale of its Eastern Caribbean banking operations

This transaction will allow RBC to align investments and resources into markets where our vision for being the Caribbean’s digitally-enabled relationship bank can be executed most-successfully,” said Rob Johnston, Head of Caribbean Banking.

Time to Adjust Pension Schemes

These difficult issues are not resolved by themselves and those issues are difficult and might not be of immediate urgency, but in the coming years Government will need to address this problem and prepare themselves.

Costa Rican Banks Strengthen Themselves to Counter the Growing Digital Scams

Educational campaigns would help stop cyber criminals

Bank of Valletta pays CEO Rick Hunkin €459,00

Bank of Valletta annual report remuneration policy reveals CEO salary

JTC Continues Middle East Growth With Abu Dhabi Licence

The development enhances JTC’s commitment to the Middle East market and follows growth in the Dubai office.

Banks see private sector arrears decline by just over $57 million in February

The regulator further noted that NPLs moved lower by $3.7 million (0.8 percent) to $485.7 million, as the non-accruals rate softened by nine basis points to 8.7 percent.

Appleby's Hong Kong Office Acts as BVI and Cayman Islands Counsel for Times China Holding

The team was led by Partner Chris Cheng, supported by Legal Executive Connie Wu.

Cayman Islands private funds: beyond registration

Key areas of focus since the initial launch of the private funds regime

CIMA hands out $72,800 anti-money laundering fine to Star Insurance

The authority said in an enforcement notice that the breaches were initially identified during an on-site inspection conducted in 2019.

Saffery Champness : Business Update – March 2021

The Coronavirus pandemic has heightened the importance of cash retention for companies and this was reflected in changes announced by the Chancellor in the Budget.

Sanne secure first specialised depositary services licence in Ireland

The new licence expands Sanne’s already well-established product offering to cater for Irish domiciled closed-ended funds.

Health insurance giant Generali pulls out of Cayman

The global insurance giant announced the decision in a public notice in the Cayman Compass on Friday.

BVI ITA issues 2021 list of Reportable and Participating Jurisdictions for CRS

Reportable Jurisdictions are those participating jurisdictions with an agreement in place to exchange relevant CRS account information with the BVI.

Director disqualification: 12 year disqualification penalty imposed in Guernsey

A prohibition order was initially made against the individual concerned, in this case, regarding his involvement in a business enterprise.

Regulation, Risk & Compliance