Managers of Wealth Offshore

Privacy fears slow spread of UK-style data-sharing to combat money laundering

Legal hurdles await race for European equivalents to UK AML partnership between banks and police.

Suptech Presents New Opportunities and Challenges for AML Authorities: BIS

The benefits of such tools are likely to prove “particularly important for jurisdictions that have been heavily impacted by the unintended consequences” of international standards on combatting money laundering and terrorist financing

Update in Respect of Data Protection in the Cayman Islands

The contract may also need to incorporate terms to permit cross-border data transfer

Economic growth in OECD area slows to 0.5%

GDP growth also decelerated, albeit more moderately, in the United States and Japan to 0.5% and 0.4% respectively, from 0.8% and 0.7% in the previous quarter. France and Italy also saw marginal declines to 0.2% and 0.0% from 0.3% and 0.1%.

Tread with Care: Directors’ Declaration of Solvency

In this case, the liquidator of LRH brought a claim against three former LRH directors.

Taking centre stage: how corporate governance is giving corporate entities an edge

Some time ago, corporate governance was approached from a much more passive standpoint:

Jamaica stops exchanging Bermuda money

Given this development, the only recourse at this time is to cease accepting the Bermudian dollar.

SMCR: A new era for international compliance

All of this puts current international heads of compliance in an interesting position. Accept responsibility they can't realistically adopt (or don't want to) - or hand over the head of compliance title to someone who will, or who feels they ca

MoU Signed to Extend EPOC’S Monitoring of ERP

In his remarks, Dr. Clarke said the Government is far advanced in enacting legislation to modernise the Bank of Jamaica, inclusive of institutionalising independence in the implementation of monetary policy.

A CRS Compliance Program for Fiduciaries (Swiss and Bermudian Editions)

All the tools fiduciaries need to implement CRS & FATCA. Simply.

Data breach for P&R in Guernsey

The Office of Data Protection has taken action against one of the States of Guernsey’s key departments.

OECD Releases Action 14 Peer Reviews For Six States

The phase 2 peer reviews look at how the countries have responded to recommendations resulting from their stage 1 reviews, into their dispute resolution frameworks.

MoU Signed to Extend EPOC’S Monitoring of ERP

Dr. Clarke said the Government is far advanced in enacting legislation to modernise the Bank of Jamaica, inclusive of institutionalising independence in the implementation of monetary policy.

Jewellers warned of sector’s financial risks

The Department of Commerce and Investment (DCI) hosted the workshop as part of its CFATF requirements as supervisor of Designated Non-Financial Businesses and Professions (DNFBPs).

Court of Appeal Affirms That Confidentiality Orders Should Be Rare

The Court of Appeal strongly disagreed with this logic and ordered that the appeal should in any event be public.

Cayman brings together public and private sector in fight against money laundering

The Cayman Islands has always worked hard to stay abreast of global regulatory measures.

Maltese regulator to limit CFDs harm to retail investors

After Esma’s temporary restrictions on sale of contracts for difference

Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies

Investment companies whose shares are admitted to the main market of the LSE with a premium listing may choose to apply the AIC Code to meet their obligations under the UK Corporate Governance Code (UK Code) issued by the Financial Reporting Council

GDPR one year on: what have we learnt?

GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi

Three more Haitian diplomats at Nassau embassy recalled for “wrongdoing”

Reports suggest Haitian govt. intends to replace all personnel at embassy in Nassau

Regulation, Risk & Compliance