05/12/2022
Ukraine adds pressure to Malta over golden passports, Finland to join Nato without delay
"This has long been more than just business in Russia, but the structures associated with the aggressive Russian state."
Regulation, Risk & Compliance
05/12/2022
Snapshot: obtaining indemnity costs against a litigant in Jersey
Ogier successfully appeared for BDO and Creditforce, and obtained an indemnity costs order against a trustee previously found to have misappropriated trust assets.
05/11/2022
Deloitte holds top funds position
The latest results from the Jersey Financial Services Commission, report the net asset value of regulated funds under administration in Jersey, stood at £440.1bn at the end of Q3 2021.
05/10/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/10/2022
Apex Group continues relationship with Aizawa Asset Management for latest secondary fund
This announcement is the latest in a series of high profile appointments for Apex in the thriving Japanese alternative investment market
05/10/2022
Additional liquidator appointed to mitigate conflicts of interest in the winding of a Cayman SPC
The Grand Court's decision on the application helpfully sets out how recoveries
05/10/2022
Pandora Papers shed light on ‘gatekeepers’ of dirty money
MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.
05/10/2022
IMF Executive Board Concludes 2022 Article IV Consultation with The Bahamas
International reserves remain at a comfortable level, boosted by the IMF’s new general allocation of SDRs last year.
05/10/2022
Leading BVI academic weighs into controversy over UK direct rule
"We are committed to the decolonisation of the Caribbean and deplore the persistence of colonial rule of the people in the region.
05/10/2022
Flagstone receives regulatory approval in Jersey for new international arm
Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.
05/10/2022
Jersey lists sovereign bond on TISE
Jersey has listed a new £500 million government bond on The International Stock Exchange (TISE).
05/10/2022
Outsourcing Cayman Islands AML/CFT compliance obligations
This guide provides a practical overview of the relevant steps and considerations which should be borne in mind when a financial service provider plans to outsource, or is reviewing existing outsourcing arrangements relating to the performance of an AML/C
05/09/2022
Bankruptcy & restructuring in the Cayman Islands 2022
Despite the global economic challenges arising from the coronavirus (COVID-19) pandemic, we have not seen a rise in pre-2020 insolvency and restructuring activity.
05/09/2022
MFSA issues Guidance Note on calculation of administrative penalties
The authority said it considers the size and financial strength of the licence-holder or person carrying out unauthorised licensable activities, in order to ascertain that the administrative penalty does not cause disproportionate financial distress.
05/09/2022
Limited action to Fed Funds rate hike, so far
Bermuda Commercial Bank and HSBC Bermuda have both continued to deliberate on their course of action.
05/08/2022
Joint consultation with Government of Jersey on facilitating the adoption of Digital ID Systems
Over the past seven years, we have taken a number of steps to support businesses in making the process of collecting customer due diligence more efficient
05/06/2022
Bermuda report - Q1 2022
Effective 1 April 2022, these Regulations amend certain fees payable in the electricity and electronic communications sectors.
05/06/2022
Enhancing Sustainable Finance in the Bailiwick
Together the Guernsey Green Fund and Natural Capital Fund are designed to provide Guernsey funds with a choice of complementary sustainability designations based on international standards.
05/06/2022
UNACCEPTABLE: Non-compliance drives tax arrears close to $1B
“More than 70 percent of property owners have had significant arrears and we are actively trying to collect those.”
05/06/2022
Amendments to the Limited Partnerships (Jersey) Law 1994
The Amendment Law is primarily designed to modernise and clarify aspects of the Jersey LP Law