Managers of Wealth Offshore

Performing an AML audit for your organisation – Franklin Cachia

There are various phases throughout an AM audit.

BWCI Pension Trustees reprimanded for data protection responsiveness

Following the investigation, the Authority determined that the Controller breached the Law by failing to respond appropriately to the Complainant’s Request.

STEP conference’s carbon footprint offset by donation to marine conservation project

The event had a full day’s line-up of in-person speakers who covered a variety of topics which included gender identity in family trusts, philanthropy and social purpose and NFTs alongside essential industry updates.

Removing the barriers to Shariah-compliant investments

Quilter Cheviot is now able to provide this solution in partnership with Yasaar, a Shariah supervisory firm

Banks’ fee income doubles in decade

“After interest earnings, fees on the products and services prove to be the second most important source of revenue for banks.

BOJ’s tightening dilemma

This is because the Government of Jamaica has relatively limited capacity to provide meaningful economic stimulus that could coax the economy out of a recession.

100% pass rate for Jersey and Isle of Man financial services staff

The internationally recognised qualification is studied over nine months and equips students with a thorough understanding of the regulation of financial services.

British Virgin Islands Private Trust Companies

This is a corporate trustee established for the purpose of acting as trustee of a specific trust or trusts

Insurers and Insurance Managers: Review & Reset Items

Note that if a company remains in ‘enquiries pending’ for an uninterrupted period of not less than three months, that is treated as prima facie evidence that a breach has occurred and a fine may be issued.

Jersey employment update - zero hours contract consultation and Employment and Discrimination Tribunal annual report synopsis

The vast majority of the determined cases saw the claim being heard within 6 months

BMA Issue Warning About Renfrew Capital

The Authority has found that the content on the webpages has been copied directly from regulated financial service providers, which is not typical of legitimate websites.

Channel Islands Funds Quarterly Update: Q2 2022

The States Assembly has approved a package of amendments to the Limited Partnerships (Jersey) Law 1994, the culmination of a cross-industry project to modernise and clarify aspects of the law.

Welcome Enhancements to the QIAIF Pre-Submission Process

The Central Bank does not commit to any specific time-frame within which to review a pre-submission

Ocorian targets strategic expansion in €3.88 trillion Irish funds market

In addition, they are also targeting existing managers that are looking for a higher level of expert client service and single point of accountability for their relationship.

Jersey agrees 2.9% pay rise for majority of public sector workers

The rises follow concerns about the cost of living - with inflation set to reach 6% by the end of the year.

JTC And Charles Russell Speechlys Partner To Provide Governance Support

The outsourcing agreement between the two firms leverages the depth of experience and expertise within JTC to support and enhance the governance offering of CRS.

Banks warned over 400% fee increases

If passed, the new laws will allow for the regulation of banking fees, similar to provisions that exist in other major countries.

Ontario regulator’s warning due to ‘misunderstanding’ - Relm

FSRA stated: “It has been reported that Relm Insurance Limited is advertising the sale of insurance products in Ontario without a valid licence.”

Ontario regulator warns Relm is unlicensed

Relm also reinsured the US’s first cryptocurrency insurance product for retail wallet holders.

TISE update to Continuing Obligations Listings Rules - July 2022

The submission of financial information by an issuer on an annual basis has been streamlined.

Regulation, Risk & Compliance