Managers of Wealth Offshore

Chamber alarmed at banking access for non-finance businesses

It wants banks to streamline account opening processes and reduce wait times to help local businesses, as well as working with firms to help them meet regulatory requirements.

Treasury scrutinising three more banks who 'closed customer's accounts due to their political views' in wake of Nigel Farage's Coutts closure

Officials are investigating Metro Bank, Yorkshire Building Society and American Express following complaints from Nigel Farage, Reverend Richard Fothergill and Richard Tice.

Regulatory Updates for Cayman Islands Q2 2023

A Rule is a CIMA directive creating a regulatory obligation and a breach may lead to a fine or regulatory action.

What are the rules on bank account closures and what rights do people have?

The UK’s banking rules have come under scrutiny after Nigel Farage accused Coutts of closing his account unfairly.

Vesttoo execs quit ahead of investigation into misstated collateral

The directors include Pasha Romanovski of Hanaco Ventures and Chris Gottschalk of Mouro Capital.

Regulation is biggest challenge to capital raising, say alternative fund managers

These findings come as the industry faces global regulatory burdens and impending regulatory changes, as well as increased scrutiny from regulators over sustainability practices and reporting.

Proposed Irish Tax Measures to Apply to Outbound Payments

The proposals have been developed in the context of the OECD BEPS process and the recommendations of the European Commission that EU Member States take actions to reduce aggressive tax planning.

DBJ to review and update payables financing solution

After roughly a two-year run of the loan programme, the DBJ wants to execute a post-implementation evaluation of the product, after which it will review and update the product accordingly.

Guernsey's Consumer Lending, Financial Firm Business, Virtual Assets And Financial Platforms Licensing Regimes

Certain exemptions apply.

Regulation of financial platforms and crowdfunding in Guernsey

All businesses that provide or platform and intermediation business, in or from within the Bailiwick of Guernsey (“Guernsey”) will need a Part IV Licence unless an exemption applies.

Jersey politicians agree in principle to make landlords register all rental accommodation

Under the new proposals, properties will need to be inspected regularly to ensure they meet minimum safety and quality standards.

FirstCaribbean warns customers about fraudsters using fake emails

FirstCaribbean noted that if you are a victim of fraud, you should immediately contact your Relationship Manager so that they can initiate attempts at recovery.

Guernsey GST 'will make up part of government work plan'

The GWP proposes the priorities for the rest of the current political term, with the next general election due to be held in June 2025.

Central bank warns about possible counterfeit of banknotes

The Bank confirms that to date it has received no fake notes from the 2022 polymer banknote series, but reminds the public that the notes are not impossible to counterfeit .

Guernsey’s house price to income ratio joint worst in western Europe

The challenge is complex and requires input from multiple sectors however, which is why arc4 concluded that to improve getting people onto the housing ladder, the ladder itself must be fixed.

BOJ: Jamaica experiencing economic, financial stability

The central bank has attributed the success of the programme to the high level of trust and confidence that was created in Jamaica and overseas by the building of a national consensus around the objective of sustainable debt reduction.

Regulation of financial firm business in Guernsey

Carrying out any of these activities without a Part III FFB Licence or an applicable exemption is a criminal offence.

St. Kitts & Nevis seeks to expand its diplomatic footprint in the Middle East and other countries

The foreign minister also said that the Federation is looking to expand its diplomatic presence in the Middle East and North Africa.

Access to Company Information and Documents under the BVI Business Companies Act

In addition, certain documents filed with the BVI Registrar are or may be available, depending on whether the BVI Company has elected to file such documents.

MLRO/MLCO masterclass series to give essential training ahead of MONEYVAL evaluation

One of the key focuses of MONEYVAL's visit is the evaluation of the efficacy of Guernsey's AML/CFT/CPF framework.

Regulation, Risk & Compliance