Managers of Wealth Offshore

The Remote Trustee: Getting Your House in Order After the COVID-19 Pandemic

One important consequence coming out of the COVID-19 pandemic was the (sudden) obligation on businesses to embrace remote working for employees.

FSC releases consultation papers on Robotics and AI as well as Crowdfunding

The consultation paper then goes on to elaborate the substance requirements as well as the risk and governance framework applicable to such an entity.

Significant Achievements Reached by Cayman Islands in CFATF Assessment Efforts

The Cayman Islands has been tasked with implementing the Recommended Actions arising from an assessment of the jurisdiction by the CFATF (Caribbean Financial Action Task Force), the regional body of the FATF.

Lombard Bank fined €340,000 by FIAU over money laundering shortcomings

FIAU finds low level of risk assessment and enhanced due diligence for PEP and voluminous transactions at Lombard Bank

The Bahamas launches one-year extended stay program

The Bahamas said that not only will visitors be encouraged to enjoy the white sand beaches, incredible blue-hued waters and delicious cuisine

Pensions problems in OTs raised in House of Lords

State pensions are uprated only if the recipient lives in a country with a reciprocal agreement under UK government policies.

BDO acts for Channel Islands Media Group’s acquisition of TPA Creative Digital Agency

CIMG, which also owns the Guernsey Press, is a joint venture between Bailiwick Investments Limited and MXC Guernsey Limited.

BMA signs up for GFIN’s cross border fintech initiative

GFIN comprises more than 60 international organisations and seeks to support financial innovation in the interest of consumers.

Cayman Islands Update: Further Changes on the CRS Form DITC Portal and CbCR Regime

An overview of the recently introduced CRS Compliance Form and the new DITC portal now with CbCR reporting functionality.

$10,000 fines approved for quarantine breaches

The law changes, piloted by Health Minister Dwayne Seymour, were approved late Friday on second reading in the Legislative Assembly.

New version of lawyers bill published

David Collins, president of the Cayman Islands Legal Practitioners Association, welcomed the publication of the new law, but said the organisation had yet to consult with its membership on the legislation.

St Kitts and Nevis' Citizenship by Investment Programme Offers Wealthy Americans a Plan B

Americans are looking for a safe and secure route to alternative citizenship offering a Plan B in the face of unpredictability.

Why Cross-Border Fund Domiciles are Transforming into Fund Management Hubs

The impact of European-led initiatives is not limited to the European market.

Data protection – changes to ODPA registration requirements

Update prepared by Helen Wyatt (Partner, Guernsey) and Jonathan Stevens (Associate, Guernsey)

Company ownership secrecy prevails in Southeast Asia, UN report says

The United Nations Office on Drugs and Crime recommends strengthening reporting of beneficial ownership information across the region to stop dirty money flows.

Vessel Registration in the Cayman Islands

This briefing note summarises the registration process and sets out some of the key reasons for registering vessels in the Cayman Islands.

Cayman Islands beneficial ownership enforcement manual

The Registrar has stated that it values voluntary disclosure and any such disclosure will be taken into consideration.

Six Cayman staffers cut in Butterfield ‘structural’ changes

Saunders countered by saying the layoffs were not dismissals, that the posts vacated in Cayman had been moved to another jurisdiction.

Brexit - The Endgame Approaches

Financial services firms and their counsel entering an important phase as deadline nears

Guide To Purchasing Property In The Bahamas

The Bahamas has an unregistered land system which is based on the conveyancing laws of England and Wales prior to 1925.

Regulation, Risk & Compliance