05/05/2022
Jersey commits to climate change by signing Paris Agreement
The UK’s climate obligations under the Agreement will, therefore, also now include Jersey and its territorial waters.
Regulation, Risk & Compliance
05/05/2022
Medicinal cannabis: “The reselling of any controlled drug… is illegal”
It comes as the Committee for Health & Social Care confirms that 5,069 medicinal cannabis licences have been granted since a change in the law allowed it in October 2020.
05/05/2022
Turks and Caicos legislators support BVI’s call for no ‘UK direct rule’
Notes to be in circulation from December 5, 2022 according to Central Bank timeline
05/05/2022
Panama and Cuba ratify laws to regulate cryptocurrencies
Banco Galicia opens investments in Bitcoin and cryptocurrencies in Argentina.
05/05/2022
BMA Levies Civil Penalties On Conyers Corporate Services Limited
The civil penalties have been levied on the Company
05/05/2022
Inquiry launched into MSG cyber incident
The ODPA say that the outcome of the inquiry should not be speculated on, or its conclusion pre-judged.
05/05/2022
Fun and Games Ahead?
In addition to outlining the new provisions, this article will explore the scope for abuse of the new regime by unscrupulous debtors.
05/05/2022
Snapshot: confidentiality in Cayman Islands arbitration proceedings
There are a number of other exception categories which are less likely to be available in a commercial context
05/04/2022
Harneys (Jersey) legal services
Jersey is a leading international finance centre recognised for its political and economic stability and robust regulatory framework.
05/04/2022
Linklaters contributes to Gibraltar Government
The Group was convened for the specific purpose of considering and crafting the legislation and guidance.
05/04/2022
Jersey finance firm to trial four-day week
Now PwC in the Channel Islands has announced it is going to try out the new way of working.
05/04/2022
IMF paying close attention to bank sovereign linkages in the Caribbean
“The Fund, as always, stands ready to support its members’ efforts in this area."
05/04/2022
Bermuda to be removed from EU grey list in October
Once a jurisdiction meets all its commitments, its name is removed from the annex.
05/02/2022
BVI corruption report recommends UK direct rule
Commissioner finds rampant corruption, recommends audits and criminal investigations
04/29/2022
Recruitment watchdog concerned over "inappropriate language" towards women
The report continued: “It is unacceptable in any appointment to use biased or inappropriate language.
04/29/2022
Sanctions licensing in the United Kingdom Overseas Territories
The only exception to the prohibition on the asset freeze and to allow a Territory person to deal with the frozen funds or economic recourses would be to apply to the competent authority of the United Kingdom Overseas Territories for a financial sanctions
04/29/2022
Registering security in the British Virgin Islands
Although there are no filing or registration requirements in the BVI which affect the validity of a charge, the Act provides a robust security registration system that enables a secured party to register a charge and secure its priority.
04/29/2022
Fund Liquidity – An Overview of Key Guidance Issued
In this update we provide an overview of this and other guidance and proposals issued on this topic as highlighted in the timelines on the right-hand side of these pages.
04/29/2022
Signatures for Sale: How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners
The report draws evidence from a global mystery shopping exercise based on thousands of solicitations for shell companies, as well as marketing information from shell company providers, and journalistic and policy research on the topic.
04/28/2022
Morningstar acquisition of Praemium International greenlit
FCA and Jersey regulator give deal their respective nods of approval