Managers of Wealth Offshore

CIMA issues important reminder to operators of Cayman Funds: The Appointment, Duties and Responsibilities of Anti-Money Laundering Officers

Licensees and Registrants are further required to ensure that appropriate appointments and the discharge of the day to day functions of these AML Officers are made or occur in accordance with Regulations 3, 4, 33 and 34 of the AMLRs.

ILS funds need to consider their ESG standards

ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.

EU takes Luxembourg to court over money laundering rules

European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules

Bahamas ‘Can’T Lose Sight’ Of Real G7 Goal

The Bahamas, by contrast, has largely focused on private wealth management via structures that typically use corporate vehicles as passive investment entities, leaving it less vulnerable to the 15 percent minimum global corporate tax proposal.

GUERNSEY: Secondary pensions scheme now set for launch in 2023

THE introduction of a stalled secondary pension scheme is now being planned for January 2023.

Constructive trusts and immovable property – English High Court grapples with a vexed question of Jersey law

It was common ground between the parties to the English proceedings that that question was a matter of Jersey law

Sustainable Bonds being regulated in Mauritius

The Guide places Mauritius as an attractive ESG hub to raise capital from international investors whilst bridging the gap for Africa’s financial needs to meet Sustainable Development Goals.

Considering climate change – the Guernsey Commission publishes updated Finance Sector Code of Corporate Governance

Climate change reduction targets will materially alter the economic world we live in over the coming years and may hopefully have a positive impact on our environment.

Sionic and Revelock join forces to fight financial services fraud

Revelock, provider of behavioural biometric based online fraud prevention, is partnering with Sionic, the financial services consultancy, to help banks and financial services providers take a more proactive approach to detecting and responding to fraud.

Guernsey’s data protection focuses on human error vs technology

The number of personal data breaches reported by Guernsey organisations over the past two months is not reducing, but consistent with previous reporting periods.

Tax structure decision a matter of survival not sovereignty, says top banker

He noted that The Bahamas is not as economically independent

Changes to Economic Substance for Partnerships in Jersey

The reason behind these changes lies behind a review by the EU Code of Conduct Group to ECOFIN in November 2020

European Commission adopts new tools for safe exchanges of personal data

The Commission can adopt standard contractual clauses for the relationship between controllers and processors, as a tool to help to demonstrate compliance with the GDPR.

Subscription Line Finance – Irish Funds

This article sets out an overview and comparison of the most common regulated and unregulated Irish fund types

New Rules for Private Investment Funds In Guernsey

The Private Investment Fund Rules and Guidance 2021 to enhance the PIF regime, which looks to widen the appeal of Guernsey as a jurisdiction of choice.

AML and Brexit: golden opportunity or time to close the vault?

Lawyers are encouraged to undertake risk assessments for each client, basing their judgement on a holistic consideration of multiple factors.

Gibraltar regulator restructures amid surge in financial firm applications

This is the latest step in our approach to improving stakeholder engagement."

Secondary pensions held up by Covid and Brexit

THE introduction of a government-approved secondary pension scheme has been delayed.

Due Diligence Insights Virtual Conference for Alternative Investment Operations

Rachael's session will be an "on demand" session covering Fund Liquidations.

IndusInd Bank cuts losses after lender clarifies on reports of Hinduja Bank link

IndusInd Bank denied the reports of it being a subsidiary of Hinduja Bank calling it “malicious, untrue, and baseless.”

Regulation, Risk & Compliance