Managers of Wealth Offshore

Advance healthcare directives under Cayman law

Advance directives have been around for some time, the UK for example has had these types of directives available to persons for many years.

New Legislation Welcomed for the Execution of Deeds in The Bahamas

The Bahamas was one of the last jurisdictions in the common law world that required an actual seal to be affixed to deeds.

Luxembourg digitalises the AML/CFT Market Entry Form (Funds and IFM)

The Form must be initiated and submitted by the compliance officer in charge of the control of compliance with the professional obligations of the Fund respectively the IFM, or by the person responsible for compliance with the professional obligations.

PRI's new reporting framework – are you ready?

It is compulsory for signatories to report on their responsible investment (RI) activities annually

Cayman Islands Securities & Banking Country Update

The Monetary Authority Law and the Banks and Trust Companies Law provide the legal framework for banking supervision in the Cayman Islands.

Directors’ Duties – Inaction is a breach of duty - Privy Council rules

The Board rejected the liquidator’s additional arguments that the speed and concision of the trial Judge’s judgment ought to attract criticism.

Hawksford plan to cut office space by a third

ONE of Jersey’s largest finance firms is planning to reduce its office space by a third, with more staff to work remotely and greater shared-space hot-desking.

Who Is Who: Monaco business dynasties

HelloMonaco is introducing you to the Principality’s most famous business dynasties whose brands have long gone global.

FCA approaches JFSC over new Woodford business

Woodford’s new business, WCM Partners, would need to apply for appropriate permissions before commencing any regulated activity in the UK.

What are dematerialised securities, and why do they matter for Luxembourg?

Dematerialisation is essentially the process by which physical documents and certificates are changed into and then used in electronic format.

FOCUS: Corruption, conviction and red flags

The case involved two breaches of the 2008 Money Laundering Order

Germany: Draft law proposes anti-avoidance measures regarding noncooperative jurisdictions

A jurisdiction that is engaged in unfair tax competition would be defined as a jurisdiction that applies tax measures

Important changes to the prudential reporting regime for BVI funds

The Order requires that the Funds continue in the traditional manner to file their Mutual Fund Annual Returns

Higgs & Johnson Extends Global Platform Through Collaboration with Andersen Global

This collaboration strengthens our commitment to our clients’ needs and further equips us to provide best-in-class solutions globally.”

Walkers acts on Diamond Standard's DABA Licence

The DABA licence enables Diamond Standard Ltd. to issue, sell or redeem virtual coins, tokens, or any other form of digital asset in or from within Bermuda during the period of the licence and subject to its terms.

Cayman Islands: Registry enforces beneficial ownership regime with fines

Failure to comply with the warnings can result in companies being liable for the administrative fines, the ministry said.

JFSC Press statement on WCM Partners

We wish to advise that, although the trading name ‘WCM Partners’ has been reserved in the Jersey Registry, no application has been received or processed to authorise WCM Partners to operate as a Jersey company

Appleby Advises Transverse in AMRISC Transaction

Appleby acted as Bermuda counsel to Transverse Insurance Group in their partnership with AmRisc LLC, a subsidiary of Truist Insurance Holdings and the largest catastrophe-focused property MGA in the United States.

Finance industry copes with inquiry fallout

After the inquiry was announced, some international media reports featured headlines speculating about millions of dollars in allegedly missing funds and the VI’s possible links to organised crime.

Jersey Financial Services Commission fines firms £700,000 for breaching anti-money-laundering rules

The three SG Kleinwort Hambros firms acknowledged their failings at an early stage and have taken steps to make material changes to strengthen their governance arrangements and compliance systems and controls.

Regulation, Risk & Compliance