Managers of Wealth Offshore

Mauritius bank adopts AI to ensure compliance

Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.

How Offshore Firms Are Assisting Investment Managers in an Increased Regulatory Environment

However, the Cayman Islands had previously been party to bi-lateral and multilateral treaties enabling the provision of such information on request to most jurisdictions.

Is Guernsey a leading jurisdiction for ICCs?

Large corporate structures with several entities and holdings can often be complicated to manage from an administrative perspective.

Ogier advises on EPIC £335m portfolio sale

The portfolio included the Tesco RDC in Fradley Park Lichfield

Bank of Valletta plc: An update on recent developments

However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.

Q&A - Mask wearing rules and legislation in Jersey and Guernsey

A previous amendment to the Covid-19 (Workplace Restrictions) (Jersey) Order 2020 took effect on 30 January 2021.

Independent review recommends changes to regulatory authorisation framework

Our decision to look at our authorisations framework was driven by our commitment to continually improve how we operate and forms part of our wider programme of organisational improvements set out in our four-year strategic roadmap.

Cayman economic substance deadlines

For such entities reporting on a financial period ending on or after 1 March 2020, the deadline is 12 months after the period end date.

BVI’s financial secrecy score worsens in the last two years

The index also grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a 100 out of 100 is full secrecy.

Commission allows more time for firms to complete regulatory returns

Auditors are also reminded of their obligations to notify the Commission as soon as possible if they become aware at any time of potentially serious issues arising within a firm or fund which they are auditing.

Cayman financial investigators freeze US$200 million

The money is held in a combination of Cayman-based and foreign accounts.

Economic Substance Returns in the Cayman islands

Client companies that have nominated CO Services as Responsible Person will be contacted separately to provide the required information for submission.

BMA confirms three new entities registered in January

Meanwhile, Argo Insurance Services Bermuda was also licensed as an agent.

Investor briefing highlights Cayman’s stability, new regulations

The statements by Premier Alden McLaughlin, Financial Services Minister Tara Rivers and CIMA Managing Director Cindy Scotland

Caveat Depositor. How Safe Is Your Stablecoin?

Many are what we know as “shadow banks.”

Blank Swan Flies Again - New BVI Legistration Confirms Availability Of Free-Standing Interim Relief

The decision in Convoy has been appealed to the Privy Council and is due to be heard on 16 February 2021.

BMA MoU Wyoming Division Of Banking

This MoU creates a regulatory bridge, which facilitates the emergence of regulatory and supervisory best practices in the area of digital assets.

Green agenda is far more than just climate

It offered brilliant insight from FC4S on the trends and developments within global finance centres on the sustainability agenda - well done to Managing Director Stephen Nolan and his team.

Walkers Advises Blackstone as Lender on UK Logistics Portfolio Acquisition Finance

The Walkers team comprised group partner Jon Le Rossignol, senior counsel Julia Keppe and associate Lisa Ellefsen.

CySEC extends the deadline for its Brexit-related Temporary Permissions Regime

Many firms missed the deadline and the extension to the end of February is therefore a welcome development.

Regulation, Risk & Compliance