Managers of Wealth Offshore

Caribbean Cayman Regulatory Update - Q2 2021

The Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter.

Cyprus Launches New Registry that Identifies Company Owners

The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.

Financial Services In Review Of Uk Economic Agreement

The United Kingdom remains an important trading partner as The Bahamas seeks to expand its trade exports.

MFSA protecting financial services consumers through supervision and enforcement

The MFSA also ensures that consumers are protected from scams which, Grech confirmed, with the increased use of technology have become more complex.

BOJ warns against the LUMI again

The rise of alternative currencies, particularly digital tokens or cryptocurrencies, continues to channel money outside of the formal economy into digital and informal spaces.

Financial Regulation – Guernsey well placed to attract sophisticated financial services business

Guernsey has carved out a strong position as tried-and-tested when finding the right balance between robust regulation and pragmatic solutions which enable the financial services sector to get on with business.

Mergers and acquisitions involving a BVI regulated entity: navigating the BVI regulatory landscape

Walkers has the leading offshore dedicated regulatory team, providing BVI law expert regulatory advice from our offices in the BVI, the Cayman Islands, London and Hong Kong.

Guernsey promotes good governance in family offices with new guide

It also concerns the checks and balances of the way the office is operated, to ensure that previously established rules are being followed.

Controversial fundraising rules for NGOs being watered down

The rules will be redrafted after consultations

MALTA: Customs seize €84,210 worth of counterfeit bank notes

615 individual Euro currency notes were intercepted by Customs at Maltapost

Cayman Financial services neglected by candidates

No other private sector employs as many Caymanians as finance, and the revenue the next government will need to navigate its way through the next year will come largely from the businesses operating in the offshore space.

Gibraltar, Guernsey, Jersey and Isle of Man to share CTF information

The forum will see Gibraltar share expertise with the self-governing British dependencies Guernsey

Walkers Acts on F&G Re Cayman Class D Licence

The Company is focusing on the reinsurance of longevity risk, bulk annuity and pension risk transfer.

The Damage Done from “Blacklisting” Caribbean Countries

The EU’s blacklist has mostly featured small economies like Palau and Samoa though territories more known for offshore business including Panama and the Cayman Islands have featured.

Central Bank: Trinidad and Tobago lucrative for mergers, acquisitions

The session also sought to explain mergers and acquisitions and the impact on an economy, especially in a pandemic.

Economic substance requirements: overview

The requirements of the economic substance test vary depending on the relevant activities conducted and each relevant entity must make an annual report in order to enable its compliance with the requirements of the economic substance test to be assessed.

Regulation, Risk & Compliance