Managers of Wealth Offshore

CIMA seeks consultants to centralise licensing functions in Cayman

The review will cover staffing levels, workforce capacity, reporting structures, governance arrangements and resource requirements.

P&R proposes scaled-back GST-plus package

The Policy & Resources Committee is proposing a scaled-back version of the previously approved GST-plus tax package.

Insurer held liable for $10,000 in litigation costs

The underlying claim stemmed from a collision on November 22024 at approximately 11:45 p.m. on Tonique Darling Highway.

Bahamas Chamber supports NIB's rate increases

“We acknowledge that these adjustments are in line with NIB’s strategy of planned increases and are necessary to address the evolving demographic and economic realities.”

DFC could soon become the Development Bank of Belize

The Prime Minister stressed that the change would not transform the institution into a commercial bank but rather strengthen its identity as a development-focused financial institution

BritCay plans 25% hike in SHIC policy premiums

Minister for Health Katherine Ebanks-Wilks said in the release government recognised the concern that the proposed increase had generated among workers, families and employers.

Belize Assumes Caribbean Development Bank Chairmanship

The Board serves as the highest governing authority of the Caribbean Development Bank

Rollover immigration policy could affect businesses — Vanterpool

The former legislator also pointed to the territory’s growing population and labour demands

GDPR and anti-doping in Ireland: the legal risks of naming offenders

These provisions aim to deter future violations and promote integrity through transparency.

Cyber Security (Jersey) Law

The Law applies to entities designated as OES.

Guernsey Financial Services Commission publishes 2025 Annual Report

It also underlines the importance of engagement with industry, government and international partners, and the Commission’s focus on regulation that is proportionate, effective and designed to sustain growth.

Government reviews proposed 25% CG BritCay health insurance hike

In a press release on 5 June, the insurer said the increase is linked to claims experience, healthcare cost trends and increased use of advanced medical services now available locally.

Late filings could cost banks $10m under BMA proposals

Penalties for late filings are inconsistent under present rules

Family investment companies - The benefits and Jersey considerations

A FIC is highly customisable in nature and allows families to pool their financial assets into the company and make strategic investments

NIB increasing pensions and grants by 1.5% from July 1

The law requires NIB to review those changes every two years and to determine the rate at which pensions and grants should be adjusted,” Francis said.

Islands show a united front on beneficial ownership

The islands will provide information to the UK authorities on request, generally within 24 hours but sometimes within the hour.

BMA explores opening door to foreign banks

The Government has long expressed support for reform of banking laws to increase competition.

CIMA opens technology outsourcing framework to overseas firms

Suppliers accepted into the framework will not automatically receive work and will instead bid for projects as they arise.

Changes to how directors must disclose interests

For trust businesses, the reduction in administrative burden will be welcome.

Amendments to Jersey’s Companies Law Come into Force

The amendments now in force are the first substantive changes for more than ten years and are broad, spanning share capital, listings, corporate governance, mergers, distributions and winding up processes.

Regulation, Risk & Compliance