Managers of Wealth Offshore

Jamaica moves to develop risk financing policy for catastrophe bonds

Arising from the direction of the policy will be the presentation of the Catastrophe Bond to consider the projected frequency and intensity of severe natural hazards

NBD will no longer pursue the purchase of FCIB operations in Dominica

The Chairman noted NBD remains ever conscious of, and sensitive to, its unique importance to Dominica’s banking industry and the entire economy and added that the Bank will continue to strive to respond successfully to the responsibility to which it

Digicel signs partnership with St Vincent and the Grenadines

The deal through the National Telecommunications Regulatory Commission connects Vincentians to opportunities

Dutch central bank fines Binance 3.3M euro for operating without registration

The registration application is currently under review.

Power struggles: challenges based on capacity and undue influence

The beneficiaries may seek to take active steps themselves, particularly where their interests may have been prejudiced by any such purported exercise of powers.

The EU AML List and the European Securitisation Regulation: Cayman Islands Update

The addition of the Cayman Islands to the FATF Grey List came despite Cayman being considered as compliant or largely compliant in 39 of the FATF's 40 recommendations and having completed 60 out of 63 FATF Recommended Actions.

Competition Regulator paves way for more competition in the business connectivity market

Data shows that there were 1,005 leased lines in use in Jersey in 2019, worth £11.8m in annual revenue, or 10% of the overall wholesale market.

The price of an interlocutory injunction

The JCPC rejected the submission that damages need not be restricted to losses sustained during the period for which the injunction was in force.

Guyana Government reviewing applications for merchant banks

We may need to even change the bank supervision rules. But if the current commercial banks are not fit for purpose or are not aggressive enough.

CIBC FCIB assures orderly transfer of client accounts in SVG, St Kitts

We commit to providing you with the necessary communication to ensure you know precisely when CIBC FirstCaribbean’s service ends and BOSVG’s begin and what that means for the management of your accounts.

MiCA and Central Bank Feedback on VASP Registrations

Regulators have long been concerned that trading in crypto-assets lacks a sufficient degree of transparency, protection and redress for consumers or retail investors.

The international architecture for financial regulation

Financial crises and failures generate political often lacking normally

Time is Ticking: Guernsey Charities to comply with new law by 31 july 2022

For those involved in Guernsey charities, there is a very short deadline of 31 July 2022 to comply with the new regime.

Banks blasted by PLP as BMA gets new regulatory powers

Financial institutions will also have to provide details of their business practices on request from the BMA under the new law.

Ogier Trade Marks Prosecution fact sheets

Our IP experts are pragmatic and commercial in their approach to providing IP solutions for all types and sizes of business

Guernsey playing its part in protecting pension members from harm

In this blog for WE ARE GUERNSEY, Margaret discusses the definition of a scam, how to spot the tell-tale signs and how Guernsey is also playing its part in protecting pension holders from scammers.

UK Update - Jo Kitcat, July 2022

Caroline Bradley from the Guernsey Financial Services Commission gave a regulatory update

States approve new minimum wage proposals

Deputy Roffey advised the Assembly that the proposals, which were ultimately approved, were “significantly above inflation”.

Carey Olsen and Highvern lead on launch of Capital Pilot's systematically driven venture capital fund for UK startups

Carey Olsen acted as lead counsel to Capital Pilot on the fund launch

Banks and regulator seek to ‘mute’ cheque-end dissent

The Central Bank, together with commercial banks and the wider financial services industry, view the elimination of cheques as another key step in the evolution of digital payments channels and efforts to drive ever-increasing numbers of Bahamians to use

Regulation, Risk & Compliance