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Regulation, Risk & Compliance

11/25/2025

BVI Update: Initial Annual Financial Returns Deadline for Limited Partnerships

The first financial period that is in scope for BVI limited partnerships is 2025, i.e. for a limited partnership with a 2025 calendar year, the annual return will be due from 1 January 2026.

11/25/2025

The Legal Profession Bill, 2025: Pending Changes to the Legal Industry in The Bahamas

The Bill was projected to come into force in the first quarter of 2025.

11/25/2025

VISU sanctions reporting in BVI due 30 November

The annual reporting obligation will be relevant to (among others) BVI funds holding underlying assets that are frozen

11/24/2025

Developers appeal quashed planning approval in Grand Court

It said that multiple factors supported the decision including traffic impact, tourism benefits, and no demonstrated harm to neighbours.​

11/24/2025

Increased salary will be paid from end of December: Finance

The regulation that is being observed for the calculation of employee allowances and benefits from 16th October to 15th November is the regulation that has been in effect since 2010 as per the Civil Service's guidelines.

11/24/2025

Implications of proposed stamp duty increase on high-end Cayman Islands real estate

Under the proposal outlined in the Budget Address, the rate of stamp duty on residential transactions valued at CI$2 million or more will increase from 7.5% to 10%.

11/24/2025

Safe and secure: Jersey Royal Court offers guidance on its security law in case of Rassmal Investments LLC

Rassmal made a number of claims, principally against ASG. In this article, we focus on the claims made in respect of the Law.

11/24/2025

Country by Country Reporting (CbCR) – Re-registration Required by 30 November 2025

CbCR is relevant to MNE Groups with annual consolidated group revenue of US$850 million or more in the preceding fiscal year.

11/24/2025

Succession planning in the Cayman Islands

The preparation of a Cayman Islands will requires careful attention

11/21/2025

Amendments to Cayman Islands company law coming into force

The Amendment Act removes this requirement by allowing capital reductions without court approval, where permitted by the company’s articles of association.

11/20/2025

Jersey Electricity announces spring 2026 tariff rise of 2.5%

This increase reflects a pricing strategy that continues to benchmark well for our community.

11/20/2025

Weaknesses found in Cayman VASPs’ custody controls

The authority noted that such gaps increase the risk of mismanagement, operational failures, internal fraud and security breaches.

11/20/2025

New Vesttoo filing targets Aon’s Bermuda managers

For the first time, the trustee is framing the misconduct as violations of Bermuda statutes, including the Insurance Manager Code of Conduct

11/19/2025

FATF Fifth Round Mutual Evaluation – are you ready?

FSPs should review and assess their own policies, procedures, systems and controls ahead of this evaluation.

11/19/2025

Landmark Ruling on Shareholders’ Misrepresentation Claims in Company Liquidations: The Houldsworth Rule Modified for the Cayman Islands

The rule in Houldsworth will therefore apply in the modified form which Segal J explained in Direct Lending in relation to liquidations of Cayman Islands companies

11/19/2025

Cayman banks implement new global wire transfer standard

Customers receiving international wires must also ensure senders have the correct correspondent bank routing details for the currency being sent.

11/19/2025

CIMA finds governance gaps across virtual assets sector

The authority found that more than a quarter of the entities reviewed did not meet minimum board composition requirements.

11/18/2025

FRA introduces annual frozen assets reporting requirement

The requirement is to provide an annual frozen assets report to the governor with details of these assets,” the FRA stated in the notice, adding that first reports are due by 30 November.

11/17/2025

Anglin announces massive fee hikes

The Compass will have a more detailed analysis in the coming week, but we highlight some of the most notable below.

11/17/2025

Cayman’s digital asset businesses prepare for evaluation

In 2024, Cayman amended its VASP Act, aiming to become more compliant with task force regulations

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