Managers of Wealth Offshore

St. Kitts and Nevis CIU Implements AML/CTF Protocols and Partners with leading EU-based Firm to Reinforce Due Diligence

This partnership will further strengthen the system through the implementation of additional multi-layered background verification processes

A Panama Banking Fraud Ring Falsified Employment and Social Security to Obtain Bank Loans

This is how the network operated: they falsified employment letters, Social Security records, and reference notes from nonexistent companies to make it appear they were eligible for bank loans.

Guernsey’s New Prospectus Rules unveiled

Under the New Prospectus Rules, prospectuses relating to a Category 2 Investments may only be circulated to potential investors

Guernsey funds – special considerations for US managers

Guernsey provides tax neutral environment for funds and fund managers.

Warning as scammers use fake Manx Telecom emails to target victims

Dozens of accounts have been compromised

A guide to Jersey fund regulation

Jersey offers a location for investment funds which does not impose its own tax burden on an investment fund or its investors.

Managing the property and affairs of incapacitated persons in the British Virgin Islands

The BVI MHA is an important piece of legislation that can help ensure the proper administration of offshore assets when individuals become incapacitated.

Bermuda deserves a referendum on Caricom

This is usually followed by a White Paper, which is policy document produced by the Government that sets out its proposals for future legislation.)

Unlocking Growth: What the latest changes to Jersey private funds mean for private capital

This should simplify dealings with investors from the UK and US, two of Jersey’s closest partners.

Insights from the BMA’s Second Consultation Paper on Digital Identity Service Providers

The BMA’s move towards the regulation of DISPs is a logical development in Bermuda’s digital regulatory evolution and will help maintain Bermuda’s position as a trusted market leading digital hub.

Bust Guernsey finance company and owner fined £210,000 for handling Russian investments

The GSFC discovered that ITI Trade's trading levels significantly increased in the first half of 2022, following Russia's invasion of Ukraine, with their assets rising by more than 440%.

BML unveils INR accounts, marking major milestone in cross-border banking

BML’s CEO and MD went on to reveal that the bank anticipates wrapping up the process by the end of 2025

Deputy calls for higher tax customer service standards

There are political calls for tougher customer service standards as part of a renewed drive to sort out the crisis at the Revenue Service.

Changes to Jersey employment law – coming into force on 25 July 2025

The Amendment Law will be coming into force today - 25 July 2025

Further improvements to the Jersey Private Fund regime

Certain technical changes have been made to Jersey's secondary legislation

Jersey’s most successful fund product gets even better - updates to the Jersey Private Fund

Carey Olsen is delighted to have been heavily involved in updating the JPF Guide.

Segregated Accounts Bill passed in Parliament

The updated framework expands on the original Segregated Accounts Companies (SAC) Act of 2004

MMA boosts bank USD allocations by 10 percent

However, according to MMA's calculations, the additional 30 percent that banks exchange is being sold back to the banks every week.

Key changes in the newly revised JPF Guide

The new JPF Guide, and a new statutory instrument, the Collective Investment Funds (Jersey Private Funds) Order, will come into force from 6 August 2025.

Contracts to Manage AI Risk (Bermuda)

The BMA’s 2025 Business Plan signalled future policies concerning the risk-managed use of AI by its registrants.

Regulation, Risk & Compliance