05/15/2022
Top 'Take-Aways' from the 2022 Mourant Regulatory Conference
Minister Ebanks highlighted the Cayman Islands Government's significant progress
Regulation, Risk & Compliance
05/13/2022
Rediscovering Share Trustee Services
Regulatory and legislative change, including the US Volcker Rule, has also incentivised the use of share trustees over recent years.
05/13/2022
New Restructuring Officer Regime to be introduced in the Cayman Islands during 2022
During the course of 2022, Part V of the Cayman Islands Companies Act (the "Companies Act") will be amended to introduce a new restructuring officer regime available to companies in financial distress, which can be accessed without the need to p
05/13/2022
British Virgin Islands Regulatory Obligations and Filing Deadlines 2022
Asset allocation details are also required, but there is no need to set out specific details of individual investments.
05/13/2022
The Commission joins the Taskforce on Nature-related Financial Disclosure Forum
As a member of TNFD Forum, the Commission intends to contribute to the TNFD’s ongoing innovative work
05/13/2022
CRS deadlines for 2021 reporting year extended and reminders issued
The extension is as a result of unplanned technical maintenance.
05/12/2022
GFSC publishes report on compliance
The field work by the GFSC predates the conflict and thus has not assessed the hard work firms have put into implementing sanctions brought into effect as a consequence of the Russian invasion of Ukraine.
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."
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.