09/08/2020
Comment: Resilience marks the Bahamas financial services industry
The Bahamas maintains that it is attaining the highest standards in the fight against money laundering, terrorist financing and other identified financial crimes risks.
Regulation, Risk & Compliance
09/07/2020
Cyprus to strip seven of citizenship in passports probe
Cyprus began offering citizenship in exchange for substantial investment as far back as 2007, but the scheme was stepped up following the Mediterranean island’s 2013 economic crisis.
09/07/2020
Proportionate Protection for All Beneficiaries of an Estate
Executors of an estate accused each other of misconduct in relation to the administration of the estate.
09/04/2020
Barbados moves to digital ID cards
The system will also facilitate the secure electronic transfer of information for a range of activities, such as e-commerce, Internet banking and e-communications.
09/04/2020
Barbados to Implement Updated Travel Protocols for Some Countries
These countries include Dominica, Grenada, Anguilla, Antigua and Barbuda, Cayman Islands, St. Lucia, New Zealand, Finland, Montserrat, St Kitts and Nevis and St Vincent and the Grenadines.
09/03/2020
Conyers - Alert - Single Family Offices – Regulation under the Securities Investment Business Law
“Single family” in this context means an individual or a group of individuals who are connected in at least one of the ways set out in Schedule 4A of SIBL
09/03/2020
Golden passports: the EU must act
The European Commission published a comprehensive report on ‘citizenship-by-investment’ (golden passports) and ‘residence-by-investment’ schemes operated by a number of EU Member States in January 2020.
09/03/2020
Maltese regulator shuts down MPM Capital Investments
The Malta Financial Services Authority (MFSA) has revoked the licence of MPM Capital Investments and issued its directors with 10-year bans following a series of breaches.
09/02/2020
British Virgin Islands - Voluntary Liquidations for Second Half Year Companies
It is time to plan the liquidation of entities that are at the end of their life cycle to avoid unnecessary fees.
09/02/2020
Highlights of the Mauritius Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) (Miscellaneous Provisions) Act 2020
Companies registered in Mauritius were already required to disclose information on their beneficial owners
09/02/2020
Important Changes To Guernsey's Document Duty Law
The Amendment also clarifies a number of transfers made by trustees that shall be considered as exempt transactions.
09/01/2020
New Cyber Event Reporting Requirements for Bermuda’s Insurance Industry
Cyberattacks can result in both financial and reputational damage.
09/01/2020
Government mulls pension holiday extension
The suspension of the pension contributions took effect, retroactively, from 1 April to 30 Sept.
09/01/2020
JTC Partners with LPGP Connect for 2020 CFO / COO Private Debt Conference
The event will focus on the latest developments and solutions for the most pressing issues facing CFOs & COOs looking to deliver operational excellence and ensure they understand the best solutions currently available, to stay ahead of the competition
08/28/2020
Prolonged pandemic could disrupt Malta's banking sector, warns central bank
It said that prior to the pandemic, overall bank liquidity was ample and this continued to rise given that savings continued to increase during the pandemic.
08/28/2020
Offshore Banking Institutions: 9 Reasons Why They’ll Remain Popular
The governmental regulations that offshore banks follow can often create a safer financial environment.
08/28/2020
AIFMD – Room for improvement
Two annexes to the letter contain the detail of the suggestions being put forward by ESMA.
08/28/2020
GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth
Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.
08/28/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
08/28/2020
Carey Olsen Bermuda's Keith Robinson among Transcontinental Trusts speakers
Carey Olsen Bermuda partner Keith Robinson is a panellist on the global litigation session on day one of the Transcontinental Trusts International Bermuda Conference.