Managers of Wealth Offshore

Nearly £3m of employers' payroll 'overclaims' still to be repaid

70% of repayments were made within 30 days, 90% within six months and 2% after one year or more.

BWCI welcomes secondary pensions policy letter

This will provide the basis for a more comfortable retirement for the large number of Guernsey employees who do not currently have the benefit of an occupational pension arrangement.

BMA launches data call on sanctions against Russia

Registrants are to disclose their exposure to the ongoing events between the Russian Federation and Ukraine and provide details on the impact these events have had on their assets and underwriting as of 31 March 2022.

Cayman Gov’t sets October deadline to seal financial deal on ReGen

Energy recovery facility projected to be commissioned in 2026

CDB's public procurement reform programme enters second phase

Often appropriate institu- tional structures were not in place to undertake

Updated guidance on the countering of the financing of proliferation of weapons of mass destruction

To do this, Industry will be risk assessed for exposure to proliferation financing risk.

Bahamians Must Pay For Benefits They Want

The actuaries over the last 10, 15 years have been predicting that the fund is jeopardised because of us not having raised the contributions to NIB.

Facilitating Corporate restructurings in the Cayman Islands – The new “Restructuring Officer”

The Amendment Bill will also make some helpful changes as regards who can apply to Court for the appointment of a restructuring officer.

Jersey freezes $7bn of Roman Abramovich's assets

The Royal Court also imposed a formal freezing order on 12 April

Financial firms can expect more scrutiny of outsourcing arrangements

Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g

“We’re trying to keep Guernsey at the forefront of financial innovation”

The world’s first Tier 1 Bitcoin exchange-traded fund (ETF) was designed by consultancy firm Midshore Consulting and launched by Jacobi Asset Management. Essentially they’ve created a fund that tracks the price of bitcoin by buying bitcoin.

Reflective Paper: OECD Inclusive Framework Two-Pillar Tax Initiative

Jersey has a consistent track record on the implementation of international tax standards, particularly those set by the OECD, and a firm commitment to the principles of providing certainty, simplicity and an attractive business environment.

Highvern Ireland receives TCSP authorisation

This is a great opportunity to build upon what we already offer at Highvern, and to further cement our reputation for service delivery excellence, focussing on forging long-term client relationships.

Grand Court Upholds Novel Use Of Receivership To Enable Beneficial Owner Of Shares In Cayman Investment Funds To Access Statutory Shareholder Protections

This was particularly problematic where there were serious concerns of wrongdoing in the management of the relevant fund.

Financial Conduct Authority staff vote for industrial action

Members of the Unite union have voted overwhelmingly to strike over new pay conditions at the financial watchdog.

Collas Crill explains… preparing for a regulatory visit in Guernsey

As part of the regulatory regime for licensed fiduciaries, the Guernsey Financial Services Commission ("GFSC") carries out onsite visits to both corporate and individual licensees.

Mergers and acquisitions: BVI companies

In 2012, the Amendment Act introduced section 240A into the Act in relation to listed companies.

St Kitts And Nevis Citizenship By Investment Programme Stands As One Of The Most Trusted And Successful Programmes

The St Kitts and Nevis Citizenship by Investment Programme stands as the oldest, and one of the most trusted, successful programmes of its kind.

Opportunities and risks for the funds sector in 2022

Investor protection, tax and AML continue to be topical and Guernsey continues to ensure that it adopts relevant global standards while also considering investor requirements and market expectations, hence putting relevant protection around investors&

Further £200,000 paid to ‘mystery Health consultant’

But despite her contract – via her firm ‘Improving Performance Consultancy’ – being one of Government’s most costly at the time, Express uncovered that there was no record of how she had come to be employed.

Regulation, Risk & Compliance