03/14/2022
States of Guernsey provides overview of steps taken to date in response to war in Ukraine
The Policy & Resources Committee has made a commitment of £500,000 to support the people of Ukraine.
Regulation, Risk & Compliance
03/14/2022
States to debate ‘hush money’ ban
‘The agreements they enter into with the States are accompanied by non-disclosure clauses which mean States Members or the public do not get to know anything.'
03/14/2022
Bahamas Orders Halt to Financial Operations With Sanctioned Russian Entities
Reuters on Monday reported that oil and fuel tankers controlled by Russia's Sovcomflot had been rerouted to the Bahamas after they had been unable to deliver cargoes due to the sanctions.
03/14/2022
The application of Bermuda stamp duty to trust structures
Such taxes include stamp duty (including on affidavits of value in respect of "Bermuda property" forming part of the value of a person's deceased estate), payroll tax, land tax and customs duty.
03/14/2022
Mauritius: An Overview of the New Regulatory Framework of Virtual Assets and Initial Token Offerings
On 17 September 2018, via a guidance note, the Financial Services Commission (FSC) recognised digital assets as an asset-class for investment by sophisticated and expert investors.
03/13/2022
Thematic examination: Anti-money laundering and countering the financing of terrorism business risk assessment and strategy
These businesses will be selected from the accountancy, legal and estate agency sectors.
03/11/2022
FATF Public Statements – 04 March 2022
A copy of these documents has been uploaded on the FIAU’s website under ‘Country Statements’.
03/11/2022
The Russian invasion of Ukraine: The impact on Jersey businesses
There are also specific sanctions targeted at specific entities and individuals.
03/11/2022
New investment rules cover digital nomads
The legislation also allows for a 12-month transition period to give time for compliance.
03/10/2022
ESS welcomes business sector support for anti-discrimination legislation
ESS hopes to bring the legislation to States for debate between July and September this year.
03/10/2022
Public Consultation on the FATF Risk-Based Guidance to the Real Estate Sector
Although this FATF guidance is non-binding, it supports the national AML/CFT legislative framework. Subject persons, especially real estate practitioners, experts and individuals/entities involved in the real estate business are encouraged to submit their
03/09/2022
BOJ adjusts stance on US bond issues
Last month, the BOJ blocked new FX issuances but allowed the refinancing of US dollar-denominated bonds under US$15 million.
03/09/2022
Is regulation on the way for Jersey estate agents?
It is the Panel’s view that this could provide the first step towards a regulated estate agency market in Jersey and greater protections for consumers.
03/08/2022
Consultation ends on rules for virtual asset custodians, trading platforms
Travel Rule takes effect 1 July
03/07/2022
FATF to visit Malta by June, as Abela tempers expectations
'We are not at the end of the road yet', Prime Minister says
03/06/2022
Register of Overseas Entities that own UK land
Failure to comply with the registration requirements will affect an overseas entity’s ability to buy and sell UK land, and to create a charge over land.
03/06/2022
Cayman Government still to decide on $400 million bond
Government said it would seek to have the bond underwritten by a financial institution and benchmarked against the 30-Year US Treasury Bond.
03/04/2022
10 measures to expose sanctioned Russian oligarchs’ hidden assets
The Tax Justice Network has in response published a briefing detailing 10 transparency measures
03/03/2022
No Stone Unturned: Tools of the trade available to the asset recovery lawyer in Guernsey
The application must not be merely for the purpose of obtaining pre-trial discovery of what a witness might say if called at trial
03/03/2022
Invasion of Ukraine – Raised Cyber Threat
A statement from Jersey's Cyber Emergency Response Team (CERT)