Managers of Wealth Offshore

BCCEC slams government over lack of consultation on business rule changes

“Such an approach hinders the correction of any evident missteps and impedes smooth implementation.”

Grenadians urged to monitor financial accounts and cards

Report any suspicious activity

Record Keeping Update - Cayman Islands Regulated Entities

The guidance applies to all entities regulated by CIMA

MAS fines DBS, OCBC, Citi, Swiss Life for money-laundering rule breaches uncovered in Wirecard probe

OCBC was imposed a composition penalty of S$600,000 for breaches between June 2015 and January 2016

FATF will decide this week whether Cayman remains on the grey list

Cayman must demonstrate sufficient progress with its action plan to be considered for removal from the FATF grey list

Lawmakers Urge Europe to Heed Pandora Papers 'Lessons'

The Committee on Economic and Monetary Affairs held public hearings in the months following the Pandora Papers

Jamaica issues new bank notes

The new series which can be obtained from the Bank of Jamaica (BoJ) and commercial banks, comprises upgraded $50, $100, $500, $1 000 and $5 000 notes, and the newly introduced $2 000 bill.

Government eying NIB rate hike every two years

The increase in benefit payments is attributed to a rise in the number of pensioners benefiting from the fund, which has increased by over 35 percent in the last decade.

Bank of Maldives extends start-up grant deadline

The grant evaluation process will be conducted in two phases.

Amendments to the BVI Civil Procedure Rules Series – Part Two

Any proceeding can be heard in private with the consent of the parties.

FCIB Banking Fraud Alert: customers receiving fraudulent emails

FirstCaribbean is urging customers to exercise extreme caution when such instructions are received in connection with this fraud scheme, known as Business Email Compromise.

Personal Information Protection Amendment Bill 2023

Bermuda has recognized the growing importance of data protection and privacy in the modern digital landscape.

Cayman Islands’ Joint Provisional Liquidators Appointed Over Failed Cryptocurrency Exchange

The Court’s appointment of JPLs in this matter demonstrates that the Cayman Islands Court continues to be adept at dealing with applications for the preservation of assets on an urgent basis.

GFSC – firms cautiously managing sanctions risks

LOCAL financial services firms are ‘cautiously and conservatively’ managing sanctions risks following the Russian invasion of Ukraine.

Guernsey competition law freeze plea in telecoms takeover bid

The company said the merger would result in up to £48m being invested in a new, innovative mobile network, which would include 5G services.

Bermuda permanent residency requirements may be changed

The Bermuda Immigration and Protection Act will have to be amended to alter PRC eligibility.

Corporate Governance Update – Cayman Islands Regulated Entities

The Rule and Guidance will bring about several changes to the previous corporate governance requirements for regulated entities and extend them to private funds, which were not previously covered.

Cayman Islands funds - governance update

The aim of the new rules and guidance is to provide a consistent and enforceable governance regime for all regulated Cayman Islands entities, while eliminating some of the gaps in the current regime.

Jamaicans can get new banknotes in hand as of Thursday

In a release Tuesday, the central bank said the new series of Jamaica polymer banknotes would be available over the counter at BOJ as of Thursday.

Obligations and Filing Deadlines for Registered Cayman Islands Investment Funds

The FAR form is published on the Authority's website and a mutual fund's or private fund's local auditor must submit the required return through the Authority's REEFS web portal.

Regulation, Risk & Compliance