10/19/2023
CIMA Issues Notice To Cancel SIBL Registration, Jolly Capital Limited
As a result, CIMA posted the “notice publicly in an effort to give notice to the Registrant and all interested parties.”
Regulation, Risk & Compliance
10/18/2023
Countdown Begins: FATF Set To Announce Cayman's Grey List Decision
The Decision Will Be Announced Following The FATF Plenary Meetings Next Week
10/18/2023
Capitalising on the international nature of anti-money laundering compliance
InScope-AML used by customers in seven other countries besides Malta
10/18/2023
Ocorian launches 2030 Trustee publication
The exclusive series, a compilation of nine incisive articles contributed by leading industry experts, offers diverse perspectives on the trust industry’s evolution and the shifting demands of clients.
10/18/2023
Cayman's anticipated exit from the grey list amid stricter international regimes
This milestone underscores the Cayman Islands' reputation as a sophisticated jurisdiction with a robust and effective AML framework.
10/18/2023
Coinbase shuffles to Bermuda as SEC presses and trading falls
The complaint claims that Coinbase is “evading the disclosure regime that Congress has established for our securities markets”.
10/18/2023
Demystifying Cayman Real Estate Law - Changes to Stamp Duty for Caymanian Buyers
Two to ten first time Caymanian buyers purchasing together would enjoy increased thresholds with 0% Stamp Duty on purchases of a home up to CI$600,000
10/17/2023
Hamilton Insurance files SEC registration statement
The exact size of the listing and the pricing were not disclosed in the document but the company did provide extensive details about its operations.
10/17/2023
Bermuda’s Prosperity Life Group to merge with National Western Life
As part of the agreement, each issued and outstanding share of National Western common stock will be converted into the right to receive $500 in cash at closing of the merger.
10/17/2023
Jersey’s finance industry ‘poised to lead on innovative financial solutions to help reduce poverty’
During these discussions, a clear and resonant message emerged – Jersey has the expertise and drive to become a sustainable finance centre of excellence.
10/17/2023
Bermuda's regulatory sandbox fuels green innovation: deputy premier Roban
A blue bond could raise the capital that would help to fund an alternative and diversified blue economy in Bermuda’s 200-plus-nautical mile exclusive economic zone.
10/16/2023
Saudi Fund signs $100mln development loan agreement for climate-smart infrastructure project in Grenada
This milestone marks Grenada as the 91st nation to receive SFD funding for a development project
10/16/2023
Conister makes history by gaining UK deposit taking licence
These deposits, and Isle of Man sourced deposits, will reportedly drive the company’s lending expansion here and in the UK.
10/16/2023
Ozo Group qualifies to join Slave-Free Alliance, in first for Malta
Company joins NGO focused on protecting against worker exploitatio
10/16/2023
Deposit totals fall at banks as interest rates rise
The banks are also continuing to report a high ratio of non-performing loans.
10/16/2023
Hands off our pensions!
The trio claimed that this would not adversely affect the pension fund based on its recent valuations.
10/13/2023
Implementation deadline is here: New Cayman rules on corporate governance and internal controls
The Rules are applicable to all regulated entities
10/12/2023
The implications of EU regulations on Malta's financial sector
What are the challenges and opportunities?
10/12/2023
Offshore Bank Accounts For Expats Explained
An offshore bank account is perfectly legal, provided interest earned is reported when filing a tax return.
10/11/2023
Business grants to help disabled access work in Guernsey
The grants could help fund the "purchase of appropriate aids or specialist equipment, software, etc", they added.