Managers of Wealth Offshore

Expansion of Russian Sanctions Regime in Bermuda

Appleby is actively tracking these developments, and is advising clients on the legal and practical impacts of these measures.

What documents and information can a third party obtain from a BVI company?

Although confidentiality is desirable from the company's perspective, it means that only limited documents and information about the company are publicly available.

The Financial Services Commission Confirms Processing Fees and Licensing Criteria

The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings

ESMA Consultation on Notifications for Cross-Border Marketing and Management of Funds

The ITS and RTS will also clarify the procedure for the communication of the relevant notification file by the relevant home NCA to the host NCAs of the Member States where these activities are envisaged.

Why Guernsey Is An Obvious Choice For Pension Schemes

This pension plan is innovative and came about after several years of research working with key tax people in the US and overseas.

SC and Labuan FSA INK MOU to strengthen regulatory co-operation and collaboration

The MOU will also enhance provision of technical assistance, capacity building and exchange of information between the two regulators.

Central Bank of Curaçao and Sint Maarten ends 2021 with approximately NAf 2.9 million loss

Due to the relatively low prevailing interest rates, the CBCS's interest income from foreign exchange investments fell again in 2021, this time by approximately NAf 8.8 million compared to 2020.

Mourant Trusts Forums 2022

Attendees heard discussions on whether traditional trust structures were still fit for purpose in the modern era and discussions on panellists' experiences with fund-like and collective investment vehicles in a private client context.

The importance of carrying out regular independent AML audits

The importance and the benefits of carrying out regular independent AML Audits.

Double recognition for VG in the 2022 eprivateclient Channel Islands Top 35 under 35

Tommy joined VG as a Trainee in September 2020 and was quickly promoted to Trust Administrator in May 2021.

Triple listing for Saffery Champness in ePrivate Client’s Top 35 Under 35

The publication’s annual listing highlights the industry’s rising stars by identifying the leading young private client practitioners from across the Channel Islands.

GFSC Annual Report

Firms need to be mindful of the effect these economic changes, possibly on a scale unseen in at least thirty years, may have on their customers, risk profiles and business models.

11% fee increase proposed for JFSC funds regulation

The Commission Law contemplates increases to fees in line with RPI, which was recorded as 6% in March 2022.

VCC Act 2022: The missing piece of the Mauritius IFC jigsaw?

A VCC may be used as a vehicle for both traditional funds and alternative funds, including hedge, private equity, real estate and infrastructure.

Bermuda – 2022 Economic Substance Declaration Form Updates, Registrar of Companies Compliance Reviews and Prospective Compliance Planning

The Registrar has issued two industry notices during the past month.

Regulation, Risk & Compliance