12/15/2020
Minister for External Relations Welcomes Post-Brexit Trade Negotiations
Our engagement in the negotiations will continue
Regulation, Risk & Compliance
12/15/2020
Finance sector not bouncing back quickly
Due to effects being felt elsewhere in the world, the Finance sector seems to be suffering the most.
12/15/2020
ECB recalibrates monetary policy instruments in view of pandemic
Money market report for the week ending December 11
12/15/2020
Are Banks Enablers or Victims of Financial Crime?
The charge against the banking industry is that time after time
12/15/2020
Bahamas' DARE legislation opens the door for new industry
It also provides for the regulation of digital assets- based payment service businesses and for the registration of financial services related to the creation, issuance or sale of digital tokens and other digital assets.
12/15/2020
SEC slaps former Argo boss Watson with fine for misrepresenting pay
The SEC said the money from the fine will be transferred to the general fund of the US Treasury.
12/15/2020
Cayman Islands: Update for all Registered Private Funds and Regulated Mutual Funds
Walkers’ Global Investment Funds Group offers Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Jersey and Irish law advice on investment funds and is one of the largest specialist International Financial Centre funds teams worldwide.
12/15/2020
Succession Planning - British Virgin Islands and Cayman Islands
When an individual owns shares (Shares) in a British Virgin Islands business company (BVI) or Cayman Islands exempt company (Cayman) there are various succession planning options one may consider.
12/15/2020
UK Immigration Post-Brexit
Those wishing to work or stay in the UK for longer will need to apply for a visa under the new immigration system.
12/15/2020
Overseas Territories: progress made on improving transparency and addressing illicit finance flows
The UK will continue to work with the OTs and provide all reasonable assistance as they develop their registers.
12/15/2020
BVI: New MLRO Notification Form
While no hard deadline has been provided we understand the FIA expects the MLRO Notification of Appointment Forms to be completed and returned in Q1 2021.
12/14/2020
Lawmakers looking for agreement on Legal Services Bill
The bill requires that every law firm in Cayman has at least one Caymanian attorney who is a partner or member depending on the type of practice.
12/14/2020
2020 was a year of progress in Cayman's fight against corruption
As 2020 draws near to a close, the Cayman Islands heralds a final notable achievement as the UK Government will soon extend its ratification of the United Nations Convention against Corruption (the “Convention”) to the Cayman Islands.
12/14/2020
Read our special report on Labuan IBFC, gateway to Asia
And we feature an overview piece from the LIBFC's CEO Farah Jaafar sets out how "an innovative and forward-looking intermediation centre" has developed over the years to now offer one of the widest and solutions in Asia.
12/14/2020
Lawmakers looking for agreement on Legal Services Bill
The bill is going to proceed to the committee stage this week when various amendments proposed by both government and opposition will have to be addressed.
12/11/2020
Rich Kenyans race to buy Caribbean citizenship
Globally, the top five countries in terms of CBI enquiries were all emerging markets: India, South Africa, Bangladesh, Pakistan, and Nigeria.
12/11/2020
Safe Harbour: Protecting and preserving wealth using Cayman Islands’ trusts and foundation companies
Every settlor’s or founder’s circumstances are different.
12/10/2020
Brexit: CSSF on the end of the transitional period
This will especially have an impact on all UK managers managing, on a cross-border basis, UCITS and AIFs established in Luxembourg, as well as passporting rights for cross-border marketing in Luxembourg.
12/10/2020
Singapore Fund Services: The rise of the VCC
Clients don’t have to worry about hiring additional staff within a short period of time to fill a knowledge gap in a fast-changing regulatory environment.’ says Kelvin in conclusion.
12/10/2020
Guernsey moves to enhance Private Investment Fund regime with proposed new rules
The Guernsey Financial Services Commission (“the GFSC”) has this week published a consultation paper containing proposals which would allow different investor categories to take advantage of an appropriately regulated fund structure.