Managers of Wealth Offshore

BOV commences share buyback programme

First credit institution in Malta to introduce this scheme

Money market report for the week ended August 15

Information on ECB monetary operations and the domestic Treasury bill market

Unravelling usufruct over shares: the new Article 117A of the Companies Act

How does usufruct apply when the asset is a share in a company?

How do cross-border rules shape estate planning in the Crown Dependencies?

Understanding succession laws, domicile and disclosure rules is key to effective cross-border planning using Jersey and Guernsey structures.

The broken promise of privatisation

Privatisations have cost societies a lot while promising to improve the economy

FRC flags $137.5M fiscal data discrepancy and risks to deficit target

A strong final quarter performance will be needed, although downside risks associated with possible underperformance in some revenue categories threaten this projected outturn.

Coinbase executive praises Genius Act

Ms Haas was speaking in a fireside chat with Oppenheimer analyst Owen Lau at the Oppenheimer 28th Annual Technology, internet and Communications Conference.

AM Best proposes changes to its rating criteria

This stems from AM Best’s view that all of the PCC’s policyholder rights should be ranked as being on an equal footing with each other

Conyers Announces 2025 Gap Year Programme

The programme generally requires a 3-4 month commitment to a full time position

Jersey Private Funds and Operational issues for Designated Service Providers: A timely reminder of a need to update best practice

The JFSC’s action against GBTCL serves as a cautionary tale for Jersey’s financial services sector

Basel III consultation: advanced approaches, systemic importance, the Net Stable Funding Ratio and the leverage ratio

We have also provided an updated timeline for our roadmap in light of the UK’s delayed implementation of Basel III until 1 January 2027.

New office bolsters Cayman’s defence against illicit finance and advances FATF effectiveness

This move marks a strategic progression from policy development to demonstrable effectiveness, an essential benchmark under the FATF framework, the ministry said in a press release.

Cayman National to delist from stock exchange after 51 years

Move approved at extraordinary general meeting held on 8 Aug.

St. Kitts and Nevis Modernises Banking Laws to Enhance Financial Security and Trust

The amendment introduces a comprehensive framework, empowering the ECCB with modern tools to oversee financial institutions more effectively.

Jersey Chamber welcomes re-instatement of Trainee Minimum Wage

The Jersey Chamber of Commerce survey highlighted significant concern among local employers and urged the Government to rethink this policy.

Caribbean countries urged to move towards new payment systems

The CBB said the IPS will allow individuals, businesses, and government to send and receive payments within 10 seconds, with the recipient being able to access the funds immediately upon receipt.

Money market report for the week ended August 8, 2025

Information on ECB monetary operations and the domestic Treasury bill market

Minister Maynard Hails Banking (Amendment) Bill, 2025, As Critical Step For Trust, Consumer Protection, And Innovation

The minister stressed that the reforms will improve governance, combat illicit finance, and give regulators the power to act before risks escalate into crises.

Central Bank directed to look for bank accounts connected to Haitian gang leaders

The CBOB said it now requires all of its supervised financial institutions (SFIs) licensed in The Bahamas, “as a matter of high priority”

Jersey fund structures

The assets of a unit trust are held by its trustee and are managed by the manager, who may appoint one or more investment managers/advisers to assist it.

Regulation, Risk & Compliance