Managers of Wealth Offshore

Regulators Unveil Pricing Structure For Renewables

That supplier is BPL, with the regulator clarifying that the fuel cost compensation will be calculated by stripping out the impact of its current hedging policy.

How to improve the EU’s AML Package on beneficial ownership registration

This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.

JFSC: Addition of the UAE to the FATF grey list

Countries and territories listed under sources 1 and 2 of Appendix D2 should be treated as non-compliant with FATF recommendations for the purposes of Article 17A of the Money Laundering Order.

DCI to provide anti-money laundering update for real estate

The Cayman Islands updated its national risk assessment in 2021 and these updates provide each sector with new information regarding their risk exposure.

Joint risk statement to the financial services industry: Customer relationships associated with Russia and Belarus

The JFSC has published associated guidance on dealing with higher risk relationships relevant to the current situation, and industry will be notified of their publication.

Channel Islands suspend Russia tax co-operation

Suspending the ability for Russia to receive such information from Guernsey ensures that the Russian government cannot use that information to increase its tax revenues, a States of Guernsey spokesperson said.

OECD announces release of commentary on Pillar Two model rules for global minimum tax

The newly released commentary on the GloBE model rules indicates that the implementation of the new rules “is envisaged by 2023.”

Jets, yachts and mansions: The hunt for Russia’s rogue billionaires leads through Cayman

Investigating the Caribbean front in the economic war on Russia

Gov’t will still implement publicly accessible registers of beneficial ownership

“The commitment is one which I did not give lightly nor did I give it without reservation."

Data protection and the foundations of democracy

European data protection laws include the hidden agenda of discouraging a recurrence of the Nazi and Gestapo efforts to control the population, and so seek to prevent the reappearance of an oppressive bureaucracy that might use existing data for nefarious

Cayman on EU's AML blacklist: what’s the impact for PE funds?

The European Commission’s Delegated Regulation (EU) 2022/229 entered into force on Monday 13 March 2022

Just and equitable winding up: the status quo in Jersey

This has inevitably led to the widening of circumstances in which such an order will be granted in Jersey.

Recovery of external lawyers’ costs

Given the global nature of business in Guernsey, it is not uncommon for lawyers in other jurisdictions to be involved in disputes before the Guernsey courts.

Maples Group supports first migrations of collateralised loan obligations migrations to Jersey

The market has responded positively to the use of Jersey as an alternative jurisdiction for CLO transactions and we expect the closing of these notable transactions will inspire further confidence in the future use of Jersey by CLO and other structured pr

Regulation, Risk & Compliance