04/12/2021
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.
Regulation, Risk & Compliance
04/12/2021
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.
04/12/2021
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.
04/12/2021
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.
04/12/2021
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.
04/12/2021
Controversial fundraising rules for NGOs being watered down
The rules will be redrafted after consultations
04/09/2021
MALTA: Customs seize €84,210 worth of counterfeit bank notes
615 individual Euro currency notes were intercepted by Customs at Maltapost
04/09/2021
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.
04/09/2021
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
04/09/2021
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.
04/09/2021
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.
04/09/2021
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.
04/09/2021
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.
04/09/2021
Ireland Update | Code of Practice on the Right to Disconnect
The Code does not create any new substantive rights for employees or offences for an employer.
04/08/2021
New filings for Cayman Islands private funds
This declaration must be filed with CIMA within 6 months of the financial year end of the private fund.
04/08/2021
Top Industry Partners Celebrated at 2020 Financial Services Awards
This year’s big winner is KPMG BVI, who received three awards, including Auditor of the Year, Accounting Firm of the Year, and Insolvency Practice of the Year.
04/08/2021
UBO Information in Cayman is safe from prying eyes
The BO regime is aimed at improving the exchange of information between Cayman and international regulatory
04/08/2021
Rights of renewal for commercial tenants in Jersey
A tacit renewal is implied from the actions of the parties to the lease.
04/08/2021
Emerging Patterns in Cayman Islands Merger Appraisal Litigation
In the majority of cases, the merger is initiated by the company’s founder as a mechanism to take the company private by acquiring the shares of minority shareholders.
04/08/2021
Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds
Through a keepwell deed, the PRC parent company undertakes to keep the offshore bonds issuer solvent and financially stable so that it can meet its payment obligations in respect of the bonds.