Managers of Wealth Offshore

BoJ developing protocols to handle faulty bank notes

That gave rise to significant public debate concerning whether this was a wider problem.

IMF: Bahamians need more protection from bank failure

It also identified the Bahamian cooperatives sector as an area of “some distress” and financial weakness.

Government signs deal for plan to aid in renewable energy integration

CCREEE, which was established in 2018, helps member states navigate their energy transition.

Central Bank advancing financial crisis ‘playbook’

The Financial Stability Council’s membership will be comprised of financial services regulators

Zane DeSilva money-laundering charges dropped

Anthony Blakey’s Savvy Entertainment borrowed the funds from the Government five years ago to open a recording studio in Bermuda.

Jersey’s Privacy Force shortlisted for International Privacy Award

The Global Privacy Assembly has been at the forefront of global data protection and privacy leadership for more than four decades and connects data protection and privacy authorities, worldwide.

Expert: giant holes found in company cybersecurity defences

The largest data breach of 2023 so far was Twitter, leading to 220 million breached records.

Introduction of mandatory Energy Performance Certificates in Jersey

The Government has since issued a progress report in July 2023 on the implementation of the Carbon Neutral Roadmap.

All change in the Eastern Caribbean as new CPR comes into force

As a result of the amendments, the CPR has undergone some significant changes

BMA steps in over Vesttoo

Meanwhile, a new AM Best commentary says the Vesttoo saga highlights the importance of managing counterparty risk.

BMA and White Rock join forces on Vesttoo

By then, the Bermuda Monetary Authority had already successfully caused Vesttoo’s Bermuda subsidiary, Vesttoo Alpha P&C, to be put into liquidation.

MFSA warns about unlicensed entities, clone websites

APS Bank, Club has no connection with APS Bank

HMRC issues compliance follow-up to overseas companies that own UK non-residential property

However, if the company has committed tax fraud it is directed to the contractual disclosure facility.

The Bahamas working towards removal from EU black list

The EU is set to re-evaluate this country’s substance reporting regime

CTAWU negotiates salary increase for BOSVG workers

The increase is distributed over the three year period – two per cent for the period 2021 – 2022; 2 percent for the period 2022 – 2023, and 4 percent for the period 2023 – 2024.

Regulator fines FLOW $400,000 for breaching terms of licence

The regulator has now issued a final determination imposing a fine on FLOW of $400,000 for the unapproved price increase and delivered a warning for the data reporting breach.

Vesttoo says non-Israel employees are not under suspicion in fraud

Vesttoo can confirm that the federal court in New York has removed the temporary restraining order freezing the company’s accounts on the 15th of August

ESMA Statement on Expected Sustainability Disclosures in Prospectuses

The Statement further clarifies that the prospectus should provide the basis for any statements concerning the sustainability profile of the issuer or of the securities issued.

Carey Olsen claims a positive 2023, so far

First, Carey Olsen acted for its long-standing client Industrials REIT Limited, in a deal valued at £511.2 million.

Progress on implementation of the Irish ELTIF 2.0 offering

Irish Funds has confirmed that the Central Bank proposes to create a standalone ELTIF chapter of the AIF Rulebook

Regulation, Risk & Compliance