Managers of Wealth Offshore

All cessation of licence and revocation requests due by 22 November 2024

Submit your requests via the FSJL material change form.

Updates to the British Virgin Islands Anti-Money Laundering regime and changes for MLROs

On 28 October 2024, the FSC and FIA also jointly issued Guidance on Mitigating Risks with Introduced Business Relationships (the "Introduced Business Guidance").

Proposed amendments to the BVI Business Companies Act

The Bill will amend the BVI Business Companies Act, 2004

Resolutions and meetings of Guernsey Companies

Termination of the proxy’s authority to act does not affect his counting in the quorum

Carey Olsen takes lead role in new TISE ‘Specialist Companies’ equity rulebook

The Specialist Companies Equity Rules offer increased flexibility over TISE’s full equity listing rules

Serious regulatory contraventions for Jersey Post, but zero fine

The JFSC has issued a public statement outlining the findings of its investigation.

CRS comprehensive reviews in the Cayman Islands – How to get ahead

DITC announced that they will shortly commence a programme of comprehensive reviews which will involve testing compliance by Cayman Islands FIs

Central Bank forecasts ‘subdued’ economic growth

In addition, foreign investments support sustained construction activity and, along with tourism, drive employment growth.

TISEA publishes new Specialist Companies Listing Rules

The new Specialist Companies Listing Rules are streamlined and more flexible than the existing Equity Market Listing Rules, with simplified initial application, disclosure and continuing obligation requirements.

Insurance M&A: Bermuda’s change of control requirements

The BMA maintains supervision over the controllers of all registered insurers in Bermuda, including shareholder controllers.

Capital International Group completes acquisition of Martello Asset Management

The acquisition will increase the Group’s market presence and broaden its portfolio of services across Jersey and beyond.

CIMA announces leadership title changes

These changes are intended to align with international best practices and to further strengthen the Authority’s operational framework, CIMA said

Know Your Ongoing Bermuda AML/ATF Compliance Requirements

Compliance with Bermuda’s AML/ATF legal and regulatory framework requires registrants to adopt policies and procedures designed to prevent and detect money laundering

Football club founder banned by finance regulator

The ban means Mr Dewsnip will not be able to perform any function for Guernsey-based regulated companies such as investment funds, insurance firms or banks - but is not prevented from performing his current role.

Ambassador of Saint Kitts And Nevis To The United States Signs MOU With Liamuiga Oualie Arts Foundation

This MOU represents a supportive framework for higher education for young Kittitians and Nevisians

Guernsey investment funds show growth in 2024

This represents an increase of £6.9 billion (2.9%) and £2.8 billion (5.7%) respectively in the past year.

Dealing with consumer protection investigations from the Irish CCPC

Under regulation 5A of the 2022 regulations, retailers, when making a price reduction announcement, whether online or instore

Important changes to the BVI companies law

The changes are being made to ensure that the BVI meets evolving international standards and to maintain the reputation of the BVI as a leading offshore finance centre.

Cyber & IT Security Law and Regulation Guide 2025: Bermuda

The Cybersecurity Operation Centre will be established as the governmental resource to provide the technology and other resources necessary to support the National Cybersecurity Unit

Augmented Advocacy Series (Bermuda): PIPA and Anonymisation

Under PIPA personal information (PI) means any information about an identified or identifiable individual.

Regulation, Risk & Compliance