Managers of Wealth Offshore

Key considerations for trustees deciding whether to exercise their power of appointment

In all cases, the trustee must be careful to avoid irrelevant considerations and remain impartial

Policy on AI being drafted by govt

The Bahamas is not alone in its effort to get ahead of artificial intelligence.

Secured creditors and immovable property: a landmark ruling from the Royal Court of Jersey

This would otherwise have involved a process to realise all of the debtor's immovable and movable property.

Appleby Expands Dispute Resolution Expertise in Greater China with Appointment of Alvin Sin as Partner in its Shanghai office

Alvin regularly advises investment banks, multinational corporations and professional services firms on regulatory and compliance matters.

Bermuda encourages investment with residential certificates

An application for an EIRC can be pursued by contacting the Bermuda Business Development Agency, which provides a concierge service for applicants.

BMA cracking down on board governance

The bank’s fall exposed critical lapses at the top.

Updated Prospectus Rules in Guernsey: changes to disclosure requirements

Any prospectuses already registered and in issue will need to comply with the 2025 Rules as from their next update.

BMA lets captives use stablecoins

BMA policy allows captive insurers to integrate “recognised stablecoins” into their operations

Basic wage increase for tourism workers on hold

The Minimum Wage Advisory Committee conducted comprehensive and detailed research and in March 2024, produced a report explaining why the basic wage should be increased.

Belasko achieves ISAE 3402 Type 1 accreditation

This achievement is not only a mark of quality, but a springboard for continuous improvement

Banking on Trust: How Belize Balances Privacy and Compliance in the Global Financial System

Belize’s regulatory framework has evolved meaningfully in recent years.

Update on the British Virgin Islands and the FATF's list of jurisdictions under increased monitoring

By way of background, the MER assessed the effectiveness of the BVI's AML/CTF/CPF measures and compliance with the FATF's 40 Recommendations.

CDB President Calls for Stronger Institutions to Drive Caribbean Resilience

These forces demand that we protect and support our institutions, not just as safeguards, but as the mechanisms that enable us to have a seat at the table, a voice in defining our future, and control over our destiny.”

Updated Prospectus Rules in Guernsey: new exemptions for offers of general securities

It is worth noting that according to the guidance, the exemptions can be used cumulatively.

Migrating a company into Guernsey

An overseas company successfully registered as a Guernsey company must, as soon as possible, file with the Registrar any certificate or other document issued in that overseas territory

Bank Aston receives licence from Guernsey banking regulator

To support the launch, Bank Aston has appointed Kevin Brown as Chairman

Bermuda Paves the Way for Captive Insurers with New Stablecoin Policy

This move comes in response to increasing market demand

Stern warning issued for non-compliance of Business Staffing Plan requirements

Businesses with 15 or more employees on a work permit are required to file business staffing plan applications, which, if approved, are valid for three to five years.

Irish companies required to comply with new EU gender balance regulations by 2026

These regulations impose strict new gender balance requirements for boards of listed companies

BOJ urges public to accept old banknotes through June

The BOJ introduced the polymer banknotes in 2023 as part of its efforts to improve the durability, security, and cost-effectiveness of Jamaica’s currency.

Regulation, Risk & Compliance