Managers of Wealth Offshore

Disclosure of information relating to Jersey entities

The law also grants new powers to the JFSC to strike off entities for non-compliance and specifies what information will be available to the public.

Amendments to Requirements for Labuan Business Activity Gazetted

Labuan and the minimum number of full time employees in Labuan that have to be fulfilled by a Labuan entity

Push from OECD towards CRS compliance and change in HMRC approach to DAC 6

The focus of the sessions will be on CRS audit readiness and will be an opportunity for service providers to swap notes and gain an insight into how industry is preparing for the likely introduction of CRS audits in both islands.

Jersey: The Trends Opportunities and Challenges for its Evolving Alternative Funds Ecosystem

A Q&A discussing the Jersey alternative funds ecosystem.

Denmark charges two UK nationals over $1.6bn tax fraud

Move is part of sprawling European investigation into share trading dividend scam

Brad Adderley Joins Bermuda's Risk Transfer Hall Of Fame

The Hall of Fame has commemorated executives who have retired or passed away, as well as those who are still working.

CP86 2.0 and the Role of the Third Party Management Company

The CBI has indicated that follow ups with firms where shortcomings were identified will be conducted and that industry-wide reviews of CP86 adherence will be ongoing.

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

Appleby Acts as Cayman Counsel to Datang Group Holdings Limited

The Appleby team was led by Asia Group Head and Partner Judy Lee and Partner Chris Cheng with assistance from Legal Manager Kaile Yang.

More travelers look to second passports, dual citizenship to skirt pandemic restrictions

Second passports and dual citizenships have long been a hallmark of ultra-high net-worth individuals

Cayman Islands Sanctions Update Post Brexit

All Cayman Islands persons or entities are subject to applicable Cayman Islands sanctions legislation.

BMA cancels registration for Economic Risk Insurance

Once the enforcement action was initiated, the statutory process was followed, culminating in a 10- day appeal period, which expired on December 24, 2020.

BVI Update: "Black Swan" Legislation Passed

Walkers are instructing Richard Morgan QC and Andrew McLeod of Maitland Chambers.

Malta on track to avoid grey listing – Robert Abela

On Sunday Abela said the government had been working tirelessly to rectify the situation.

Cayman faces new EU blacklisting

CNS contacted the Cayman Islands Ministry of Financial Services about the latest threat and officials said that the Cayman government will continue engaging with the EU on the issue this year, albeit given the limitations on travel.

Jamaica: BOJ imposing stronger capital, liquidity requirements on banking sector

Central bank invites comments on proposed change

Satabank ‘blindly’ took on client portfolio without knowing risks

FIAU report finds bank did not always get to pick its own customers

BMA imposes $400,000 of penalties on two life insurance companies

"The breaches came to light during an on-site review of the companies’ activities conducted by the AML/ATF unit of the Authority in November 2018."

The Corporate Transparency Act in 2020: A new US federal reporting requirement for beneficial owners of US entities

These rules reflect a growing international trend to require disclosure of beneficial ownership and creates compliance similar to many other countries, including but not limited to Bahamas and Bermuda, for example.

myRegistry update and Registry opening times

Whilst we continue to carry out these final preparations, our Registry will be closed.

Regulation, Risk & Compliance