Managers of Wealth Offshore

In the land where cash is king, new restrictions will bite hard

Are you planning on selling your boat? If it is priced at €10,000 or more you’d better be aware that it is illegal to receive payment in cash

UAE anti-money laundering rule: Some businesses find compliance is no easy task

Fines of Dh50,000 and more - even up to Dh5m - await businesses delaying AML compliance

Are NFTs being used for money laundering? Yes they are, claims Mr. Whale

NFT’s could be a vehicle to legitimize ill-gotten gains for the crypto elite.

Ireland Update: Remote and Flexible Working is Here to Stay

The Health & Safety Authority ("HSA") previously published guidance on remote working, however this was primarily focused on the practicalities of short term homeworking necessitated by the Government restrictions imposed due to COVID-19.

Cyprus requires beneficial ownership details for partnerships

The process for partnerships will be similar to that of the submission of beneficial owners details for companies.

Jersey’s telecom regulator acts to deal with increasing use of bogus phone numbers

They can then decide whether to answer the call or not, or to only answer calls from recognised numbers.

Greylist stops all Malta business on Praemium global investment platform

Global digital investment platform Praemium terminates all forms of business for Malta-based relationships and transactions

CRS Compliance Forms – Don't miss the deadline

All financial institutions with CRS reporting obligations, including trustee documented trusts, are obliged to file the CRS Compliance Forms.

JTC Launches new Fintech Compliance Solution for MAR

The company recognised the need for a platform which helps protect both investors and clients alike and selected InsiderList.com’s MAR compliance solution for both their own requirements as a PLC and an administrator of listed clients.

Cross-Border Distribution of Funds 101

Part 4 - Fund passporting de-notification process

BAHAMAS: Who Owns Firms Given Govt Covid Contracts? – Auditor General Reveals His Request For Beneficial Owners List Still Pending

“Request was made for the beneficial ownership of these business entities. However, the same is pending,”

London Calling: LSE Listing Rules for SPACS Relaxed

This automatic suspension was seen by investors as undesirable as they would not be able to sell their shares for undetermined periods.

Operators of Cayman blockchain company settle SEC fraud charges

First case involving decentralised finance

Mauritius makes key amendments to its Securities Act

On 31 July 2021, Mauritius published the Securities (Amendment) Act 2021, which brought about several key changes to the Securities Act 2005.

FCA Publish Changes to London Stock Exchange Listing rules for SPACs

The primary purpose of the consultation was to consult on a change to the Listing Rules

Butterfield closes banking unit in Mauritius and transfers to Guernsey

Among the factors stated for the decrease were redundancy costs associated with the transfer of Channel Islands banking operations from Mauritius to Butterfield's service centre in Canada and Guernsey.

SPAC to the Future - Part II

From 10 August 2021 the UKLA amendments to the Listing Rules, which are specifically designed to improve LSE's SPAC offering, will come into effect.

Mauritius: National Payment Systems Regulations - Key Features

The Regulations are being issued two years after the promulgation of the National Payment Systems Act 2018 (NPS Act) in January 2019.

New EU Rules in Force: Pre-Marketing and De-Registration on UCITS and AIFS

Under the CBFD Directive, only certain third parties may engage in pre-marketing on behalf of an authorised EU AIFM

JFSC: Reminder to notify us about appointment dates for principal and key persons

If the person no longer works for the organisation, we need to know the date they were appointed and when they ceased to act.

Regulation, Risk & Compliance