Managers of Wealth Offshore

The Territorial Limits of the Black Swan Jurisdiction

Decisions of the Privy Council are binding authority on the Courts of the Territory.

Covid-19 Ireland Update: Electronic Signatures and Requirements for Original Documents

These measures have also impacted the ability to host physical board meetings, which disrupts a company's or fund's ability to conclude transactions and/or launch new products

Luxembourg Pulls out the Stops to Battle Coronavirus

The association of CEOs has been mobilized, as well as six banks

A Banking Industry Update across the Crown Dependencies of Jersey, Guernsey and the Isle of Man

This has meant we have the majority of our dedicated staff working from home with only essential colleagues in our branches and offices.

Banks warned it is ‘unacceptable’ to deny funds to firms in Covid-19 crisis

The Business Secretary signals the Government will be making changes to the coronavirus loan support scheme in coming days.

Money Laundering, Lawyers, and Escrow: The Case for Voluntary Due Diligence

The real value in the Committee’s investigation flowed, not from the sanctioning of lawyers, but in the identification of unresolved issues.

Crown Dependencies’ banking associations write open letter on coronavirus concerns

The banking associations added that they were working with each island government to ensure that support for businesses and individuals is available quickly.

Businesses close doors as Bermuda implements “Shelter in Place” measures

Banks will be open for restricted hours to provide only the most essential services

Luxembourg regulator suspends Rothschild ex-CEO for ten years

The bank said in its 2017 annual report that it had paid the fine after the CSSF had notified it of a possible fraud involving former Malaysia Prime Minister Najib Razak’s 1MDB investment fund.

Launch of Strategic Capacity Scheme

The Isle of Man Government will be offering a tiered range of financial support, based on average revenue per room and occupancy rates

Treasury Minister Provides Update on Measures Being Taken to Protect Manx Economy

Minister Cannan said: ‘Since I spoke a week ago today, events have happened at a rapid speed and we have, to all intents and purposes, closed down large parts of our domestic economy.

Third reprimand issued by Guernsey's Data Protection Authority

The Channel Islands Financial Ombudsman has been given a formal reprimand by the Office of Data Protection Authority (the Authority). This is the third public reprimand that the Authority has issued to date.

Working Through the Lockdown

In both social and business environments this is a community event being faced as a community.

Banks adopt alphabetical service system

The Credit Union hours of operation are Monday-Friday, 9am to 1pm, with 9-10am designated for the elderly and immune-compromised only.

Bermuda to crack down on unscrupulous employers

The move comes as the government is still being “inundated on a daily basis” with complaints from employees who fear losing their jobs for refusing to come into the office.

Jersey: Protecting your business and securing your workforce – key decisions to get you through COVID-19

The Co-Funded Payroll Scheme aims to support staff in sectors hardest hit, such as hospitality, tourism and construction, who may be facing lay off without pay for many weeks.

Cayman Islands Private Funds Law Briefing Note

Both private funds incorporated or established in the Cayman Islands and those seeking commitments from Cayman investors are in scope.

BVI economic substance – ITA issues updates regarding compliance and reporting following Covid-19 outbreak

The ITA has emphasised that this is a temporary arrangement and urged entities to otherwise comply with full substance requirements

Director duties in difficult times – practical advice for directors of a BVI company facing financial trouble

A BVI company may be insolvent on a cash flow or balance sheet basis.

Cayman Finance: Industry is showing resilience

He urged member firms and their employees to comply with the measures announced by the government.

Regulation, Risk & Compliance