Managers of Wealth Offshore

China and Trinidad and Tobago seeking to strengthen trade and investment relationship

They agreed on a work plan of activities to increase Trinidad and Tobago exports in Asia

Key Developments & Latest Trends in the Fintech Sector in The Bahamas

From a central Government policy perspective, the Government of The Bahamas (the “Government”) published a Policy White Paper on The Future of Digital Assets in The Bahamas

BVI Approved Managers: Upcoming Filing Deadline - 31 January 2023

BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the "Commission") by 31 January 2023 in respect of the preceding year pursuant to the Regulations.

HMRC to impose controls on tax repayment agents

HMRC has published its finalised policy on enforcing higher standards on tax advisors, including reforms to the currently unregulated repayment agent sector.

Channel Islands 'vision' to address £1.5bn public services bill

Its work suggested that States of Guernsey and States of Jersey spending on services could top a combined £2bn by the end of the decade.

Time is running out - The Economic Crime (Transparency and Enforcement) Act 2022

If you believe that the Economic Crime Act applies to you, now is the time to take steps to ensure that you comply by the deadline of 31 January 2023.

Bermuda fraud: Ex-accountant Jeffrey Bevan could lose pension

Bevan will face a hearing next month to decide whether his £18,800 pension will be confiscated.

Central Bank of Ireland introduces new macroprudential measures for Irish domiciled property funds, following prior consultation

The CBI is introducing new macroprudential measures for property funds, to safeguard the resilience of this growing form of financial intermediation against shocks.

BVI should have ‘under the radar’ talks with UK on public register

Beneficial owners are persons who enjoy the benefits of ownership in a company even though the title of the company is in another person’s name.

Highvern Ireland gains approval for fund administration services

Highvern launched its Irish business in Dublin last January, adding to the group's presence in the Cayman Islands, Guernsey, Jersey, the UK and Switzerland.

Collas Crill Explains... Vesting and Severance

Joint ownership may be severed by re-vesting the property with the consent of all parties.

Ramsey Commissioners asks HSBC to reverse branch closure decision

If this goes ahead, the Isle of Man will have only one branch of HSBC and it’s going to be a big blow to the public.

Cayman Islands: Beneficial Ownership Register Requirements

It deals in broad terms with the requirements of Part XVIIA of the Companies Act

FTX US and Bahamian joint provisional liquidators reach cooperation agreement

Judge Lewis A. Kaplan set a tentative trial date of October 2.

CIMA says director contravened Directors Registration & Licensing Act

If the allegations remain unchallenged, it will mean that Qin cannot act as a director of entities registered with CIMA.

Anti-GST campaign launched

There will be a peaceful protest outside the Royal Court from 08:30 until 09:30.

HDC used MVR 253 million in breach of regulations, Audit report reveals

The audit report revealed HDC’s then-board had discussed and agreed with the decision.

Central Bank says Trinidad’s economic activity “gradually taking shape”

It said supply shocks caused rapid increases in food and fuel prices resulting in multi-decade high inflation in many countries.

Remittances of 20 million: Greece asks Panama about Eva Kaili’s accounts

The request followed the rumors, also ricocheted on social networks – and closely denied by Kaili’s lawyer – about an alleged account held by the Greek MEP and her parents at the Panamanian Bladex Bank.

Gov’t to amend Central Bank Act to cover usage of IMF special drawing rights

“The Central Bank worked closely with the Government in concluding these arrangements to access the SDRs,” Rolle said.

Regulation, Risk & Compliance