Managers of Wealth Offshore

Shifting the focus away from periodic KYC

Financial institutions in Mauritius generally perform a Periodic KYC exercise

Guernsey Financial Services Commission Consults on Proposed Re-Issue of Statutory Instruments

The draft Statutory Instruments replicate the current Statutory Instruments with the incorporation of new terminology and, in some cases, the amalgamation of previous Regulations into Rules.

Seven steps to buying property in the British Virgin Islands

Completion is usually arranged to take place within a specific time after all the conditions in the SPA have been satisfied.

The Channel Islands: Caught in the Brexit crossfire

The Channel Islands were never members of the EU and are thus exempt from the bulk of EU rules

Why SPACs should consider heading for The International Stock Exchange (TISE

SPACs listed on TISE will benefit from more flexibility in its escrow and acquisition approval requirements.

Jersey crown dependency status challenged over 'gunboat diplomacy'

Jersey's government said last night that they expected the protest to be "peaceful" and that the Royal Navy's HMS Severn and HMS Tamar had been sent in by Boris Johnson as a "precautionary" measure.

New BVI Insurance Code of Conduct to Take Effect July 2021

The Insurance Conduct Code introduces a framework to govern the market conduct of domestic insurers, insurance intermediaries, and loss adjusters.

O’Neal Webster Successfully Defends Eastern Caribbean Central Bank in Multi-Million Dollar Claim

Through a conservatorship process, the central bank took control of the distressed parent banks’ affairs in August 2013 and by extension, the subsidiaries, pursuant to management agreements between each parent and subsidiary.

Amati Law launches in Jersey

The firm is led by Managing Partner James Mews, who has spent the past four and a half years as Counsel at Pinel Advocates.

Malta: Cash payments of €10,000 for gold, cars, boats and property no longer possible

The regulations prohibit making and receiving payments amounting to €10,000 or more when purchasing or selling immovable property, antiques, jewellery, cars, boats and works of art.

Liquidate or arbitrate - a balancing act

It is therefore timely to consider the conflict between parties' contractual rights to arbitrate and their statutory rights to present a winding up petition and how a balance can be struck when determining which should prevail.

Snapshot: appealing civil judgments in Guernsey

It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.

Five reasons to use MFSA’s Payment Accounts Fees Comparison Tool

For this reason, it is the ideal go-to source for up-to-date information, especially if you are looking to open a payment account, making it easy for you to compare fees through the table which is generated based on your selection.

Malta: Sliema-based online bank fined €360,000 by FIAU

Some of the bank’s customers had previously been arrested for forgery

Victims of Ponzi scheme call for reopening of probe into offshore money transfers

Federal finance committee shut down Isle of Man hearings in 2016 after KPMG objected

Malta passes Moneyval test after wave of anti-money laundering operations

Malta appears to have passed its Moneyval test although a final verdict still awaits within the Financial Action Task Force, an international oversight body

Pope sets 40-euro Vatican gift cap in corruption crackdown

Pope Francis set a 40-euro ($48) gift cap for all Vatican employees in one of his biggest efforts yet to crack down on corruption in the Holy See

New ways to register a Private Investment Fund in Guernsey

Therefore, the option to register a PIF in exactly the same way as one does today will remain.

Are your green funds compliant with international standards and regulations?

“In addition, firms will need to identify which of the various international standards and regulations may apply to them and their clients and upskill their staff appropriately.”

British Virgin Islands:Reporting deadlines extended due to portal issues

The notice also reminds constituent entities that the filing deadline for country-by-country (CbC) reports is no later than 12 months after the last day of the reporting fiscal year of the multinational enterprise (MNE) group.

Regulation, Risk & Compliance