Managers of Wealth Offshore

Coinbase executive praises Genius Act

Ms Haas was speaking in a fireside chat with Oppenheimer analyst Owen Lau at the Oppenheimer 28th Annual Technology, internet and Communications Conference.

AM Best proposes changes to its rating criteria

This stems from AM Best’s view that all of the PCC’s policyholder rights should be ranked as being on an equal footing with each other

Conyers Announces 2025 Gap Year Programme

The programme generally requires a 3-4 month commitment to a full time position

Jersey Private Funds and Operational issues for Designated Service Providers: A timely reminder of a need to update best practice

The JFSC’s action against GBTCL serves as a cautionary tale for Jersey’s financial services sector

Basel III consultation: advanced approaches, systemic importance, the Net Stable Funding Ratio and the leverage ratio

We have also provided an updated timeline for our roadmap in light of the UK’s delayed implementation of Basel III until 1 January 2027.

New office bolsters Cayman’s defence against illicit finance and advances FATF effectiveness

This move marks a strategic progression from policy development to demonstrable effectiveness, an essential benchmark under the FATF framework, the ministry said in a press release.

Cayman National to delist from stock exchange after 51 years

Move approved at extraordinary general meeting held on 8 Aug.

St. Kitts and Nevis Modernises Banking Laws to Enhance Financial Security and Trust

The amendment introduces a comprehensive framework, empowering the ECCB with modern tools to oversee financial institutions more effectively.

Jersey Chamber welcomes re-instatement of Trainee Minimum Wage

The Jersey Chamber of Commerce survey highlighted significant concern among local employers and urged the Government to rethink this policy.

Caribbean countries urged to move towards new payment systems

The CBB said the IPS will allow individuals, businesses, and government to send and receive payments within 10 seconds, with the recipient being able to access the funds immediately upon receipt.

Money market report for the week ended August 8, 2025

Information on ECB monetary operations and the domestic Treasury bill market

Minister Maynard Hails Banking (Amendment) Bill, 2025, As Critical Step For Trust, Consumer Protection, And Innovation

The minister stressed that the reforms will improve governance, combat illicit finance, and give regulators the power to act before risks escalate into crises.

Central Bank directed to look for bank accounts connected to Haitian gang leaders

The CBOB said it now requires all of its supervised financial institutions (SFIs) licensed in The Bahamas, “as a matter of high priority”

Jersey fund structures

The assets of a unit trust are held by its trustee and are managed by the manager, who may appoint one or more investment managers/advisers to assist it.

Jersey Expert Funds

If the investment manager/adviser does not meet these requirements, it may approach the JFSC on a case by case basis.

HSBC Bermuda cheque production grinds to a halt

The client – a retired bank executive – uses several chequing accounts to manage his personal finances and several properties.

Attica Bank becomes first EU bidder for HSBC Malta

The bid has gained support from both Greek and Maltese governments

MFSA warns of fraudulent firm and cloned investment websites

Fake entity falsely claimed Maltese registration, two rogue websites cloned legitimate company

The Director Registration and Licensing Regime in the Cayman Islands

The DRLA only covers directors of Covered Entities and does not apply to directors of other Cayman Islands companies.

Creasey’s crown passes down

The new areas of the High Street store are expected to open to customers from September

Regulation, Risk & Compliance