11/08/2021
The Carey Olsen chapters provide analysis and commentary on blockchain and cryptocurrency regulation in Bermuda, the Cayman Islands and Jersey.
11/08/2021
Update on the Guernsey proposals for protection from discrimination for individual religious or philosophical beliefs
11/08/2021
There has been a worldwide increase in SIM card fraud – an account take over, where control is transferred from a genuine SIM card to one controlled by criminals.
11/05/2021
Regulators in civil‑law jurisdictions whose laws do not recognise trusts appear to more readily assume that trusts are frequently used for money laundering or terrorist financing.
11/05/2021
The award recognises best practice in good governance in a complex legal and regulatory environment and is awarded to the team that demonstrates excellent collaboration, strong communication, and effective and innovative ways of working.
11/04/2021
Under FATCA, banks and other financial services businesses outside America are compelled to report the income of all US citizens, accidental or otherwise.
11/04/2021
The report focuses on four key areas: business written, industry utilisation, balance sheet composition and profitability indicators.
11/02/2021
The CHF LIBOR is the rate of interest at which large multinational banks access the wholesale, unsecured funding market to fund themselves in Swiss francs.
11/02/2021
The new and amended regulatory laws offer industry more coherent legislation by removing inconsistencies across sectors.
11/02/2021
The Court confirmed in this regard that the interpretation of “benefit” applies equally to an application to vary a trust as it does to an appointment of income or capital.
11/02/2021
Epstein advocates a “trust but verify” mindset.
11/02/2021
What many members of industry have since found, especially those members who perform reporting across multiple jurisdictions, is that reporting is in fact not wholly standardized.
11/01/2021
The 300-page report provides a country-by-country overview of the scope of financial crimes and main threats facing individual countries.
11/01/2021
The FATF is continuing its work on digital transformation, focusing on how the use of technology and advanced analytics could support ML/TF investigation and information exchange.
10/31/2021
The deadline to provide us with feedback is 26 November. The fees notice will be published by 30 November.
10/29/2021
It was uncertain, however, whether this ancient time period extended to third party claims but a recent case before the Master of the Royal Court has now clarified this area of law.
10/29/2021
The CRS Compliance form will be an online form with five sections required to be completed and submitted annually via the portal by all Bermuda reporting financial institutions and trustee-documented trusts (FIs).
10/29/2021
It also provides an overview of the legislative provisions that have been implemented in this period with a view to improving the Swiss toolkit for combating money laundering and terrorist financing.
10/29/2021
The $9 billion to be paid by Covéa on the closing of the transaction is based on a consolidated common shareholders’ equity value of $7 billion.
10/29/2021
China’s strict data privacy law goes into effect on November 1, raising risks for online brokers, state media said recently