09/14/2021
Bank Recovery and Resolution: Progress
The Law will bring Jersey’s banking legislation into line with changes made by the European Union’s Bank Recovery and Resolution Directive 2014/59/EU (BRRD)
09/14/2021
The filing due date for the Forms for private funds with a financial year-end of 30 April 2021 and later will continue to be 6 months following such financial year-end.
09/14/2021
UBO shortcomings among main reasons FATF greylisted Malta
09/14/2021
After the death of the shareholder, any BVI shares will be effectively frozen; voting rights will likely be suspended and the BVI company will be unable to distribute any dividends paid on the shares because no one will be authorised to give a good receip
09/14/2021
Warning: Four overseas financial service providers impersonated in scam
These scam businesses, their websites and email addresses are in no way related to the registered or previously registered businesses by the same names which are based in Belgium​, Austria and The Netherlands.
09/14/2021
The US$35.2 billion in total losses paid is comprised of US$25.7 billion relating to property and casualty insurance losses and US$9.5 billion attributable to life insurance claims.
09/13/2021
Anjelica Camilleri de Marco, Senior Associate in Malta, outlines the adoption of trusts in Malta and examines their tax treatment.
09/13/2021
Cap on cash transactions leads fight against money laundering
This cap which arose from a government policy discussed in parliament in 2019, will be enforced by a dedicated team from the FIAU.
09/13/2021
FSC issues the Financial Services (Crowdfunding) Rules 2021
Both retail and expert investors will have the opportunity to participate, in a regulated environment, to the growth of SMEs, thus bolstering entrepreneurial spirit in the jurisdiction.
09/13/2021
David’s keynote will discuss how cyber criminals operate, the way criminals exploit businesses and their data, and what firms can do to guard against cyber crime.
09/13/2021
All private funds with a 2020 or a 2021 financial year-end up to 31 March 2021, must submit the FAR and RFE forms by this deadline. CIMA has confirmed that no further extensions will be granted.
09/13/2021
The guidelines will apply six months after the date of the publication of the guidelines on ESMA’s website in all EU official languages, ie from 2 February 2022.
09/13/2021
The key role that Bermuda plays in the supply of risk capacity to the UK makes a notable contribution to a thriving London (re)insurance market.”
09/13/2021
The revised section 54A came into force as of 19 July 2021.
09/13/2021
The plan gives no timeline of how long Malta expects to take to implement the necessary changes. Government sources told Times of Malta they think the process could stretch into 2023.
09/13/2021
The Cayman Islands segregated portfolio company provides asset and liability ring-fenced, separate, segregated portfolios.
09/13/2021
Who is impacted?
09/12/2021
The new EU Commission AML/CFT legislative package revealed
If adopted as such, it will trigger substantial amendments to the current AML/CFT framework.
09/12/2021
SEC sues Rivetz over Cayman-based US$18 million token sale
The token sale between July and September 2017 raised the equivalent of US$18 million from investors
09/10/2021
This Walkers’ briefing addresses issues that may be relevant to the recognition of foreign insolvency officeholders