Managers of Wealth Offshore

Jersey Employment Law Update: Paid leave, holidays and time limits

A recent case from the Jersey Employment Tribunal focuses on two issues – entitlement to paid bank holidays, and claims for unpaid holidays.

A Rapidly Changing Picture for Financial Services

A common theme to emerge from our recent virtual one-day conference was the dramatic pace of change that is underway.

Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes

The CBI has made a number of key changes to Chapter 6 on 'Governance', placing the main focus on the board's responsibility in ensuring effective governance and AML / CFT compliance.

Effective Compliance Requires Robust Monitoring

The challenge to designing and implementing a compliance monitoring programme is the significant resource, time and commitment required, those on the course heard.

Unauthorized: SCB warns RAY-E Securities Investment Company not registered entity

Commission cautions public against conducting business with unlicensed/unregistered entities

Trust Essentials: July 2021

The past year has been a difficult and unsettling one for many.

Medicinal cannabis growth to be permitted in Guernsey

The move follows a memorandum of understanding with the UK Home Office, Guernsey States announced.

£200m Government loan approved to help finance £568m States plan

An amendment aiming to stop Equal Pay for Work of Equal Value from being put on the back burner was voted out by the smallest of margins.

Future of RD100 remains uncertain

Express was told in April that the States of Guernsey and Rubis were in talks to decide an appropriate duty on the product.

CSSF clarifies MiFID application to Luxembourg investment fund managers

Should this not be the case, and an IFM delegates one or more functions included in the collective portfolio management to another authorised IFM, or to a third-party, this exemption will not apply, and the IFMs that delegate part of their functions shall

Cayman Regulatory Update - Q3 2021

All partnerships will be required to make an ES notification, including local partnerships and investment funds which are otherwise excluded.

Caribbean Cayman Regulatory Update - Q3 2021

The BVI have introduced a new package of legislation to provide a robust framework for anti-money laundering

FATCA and CRS updates and reminders issued (July 2021)

The updates and reminders included in the bulletin covered the key areas described below.

Amended economic substance regulations and guidance released

The Registrar also circulated a draft copy of the revised ES guidance notes, which explain the changes included in the ES Amendment Act 2021.

Harneys Cayman office converts to limited liability partnership

The name of the firm remains the same

Isle of Man refreshes AML strategy

The Isle of Man has increasing success in this area

Grappling with new risks on the register

Two recent reports may be helpful to shed light on the broader context to help understand the changing risk landscape.

BMA licenses six re/insurance entities in June

It takes the full number of BMA registrations for 2021 to 39, of which eight were intermediaries.

Top tips for responding to a CIMA onsite inspection

Onsite inspections may be full scope, involving a review of all areas of the licensee's operations

Central Bank of Ireland publishes findings of MAR compliance review

This briefing summarises the main findings of the CBI and the steps that market participants should take now to address their obligations and to achieve the standard of compliance expected by the CBI.

Regulation, Risk & Compliance