12/12/2024
In October 2021, the FIU responded to the SAR and confirmed that CST was not permitted to release the assets held on the trust fund of the Trusts.
12/12/2024
The guidance notes to the Regulatory Code stipulate that the service provider should normally be required to seek the consent of the licensee before entering into a sub-contract arrangement with respect to any outsourced activity.
12/11/2024
This is a significant step forward in bringing decentralized finance (DeFi) to the mainstream.
12/09/2024
The Bermuda Monetary Authority has increased its supervisory oversight of Bermuda's commercial insurers
12/09/2024
The new rules, which apply to the 58 biggest and most systemically important insurers, will provide a common risk-based capital framework
12/09/2024
Under the supervision of an Office for Digital Identities and Attributes, the UK DIATF defines the rules, standards and governance oversight for all DISPs.
12/06/2024
The unique and varied structures deployed by captive insurance companies afford owners advantages that include flexibility and efficiency.
12/06/2024
The implementation date for the amended Code is 3 February 2025 with a transition period of two years for companies that will cease to be subject to the Code as a result of these changes to allow these companies to put in place alternative arrangements.
12/06/2024
This article will examine how these developments can assist Cayman’s legal framework and market opportunities.
12/05/2024
The Limited Partnerships (Jersey) Law 1994 (as amended) (the "1994 Law") provides the statutory basis for LPs.
12/05/2024
To date, transactions between companies within the same corporate group have been subject to stamp duty at the full rates, disincentivising corporate property restructures.
12/05/2024
Guernsey's approach to digital assets reflects a practical application of existing legal principles
12/05/2024
The updated guidance amends the previous update from 12 months ago
12/05/2024
The executive president of the Banking Association of Panama stressed that it would be very rare for any bank to start lowering its rates now
12/05/2024
This category of regulation is applicable to retail mutual funds.
12/04/2024
Also, it’s the first time a private insurer, Axa XL, is providing credit insurance alongside an MDB in support of a sustainable issuance for nature and climate.
12/04/2024
Fraudsters are mimicking Republic Bank’s official email alerts, tricking recipients into clicking on fraudulent links.
12/02/2024
The chamber argued that with the current lowering of policy rates, “the delay in reducing lending rates signals a need for deeper review of the monetary transmission mechanisms in place”.
12/02/2024
Industry leaders, experts discuss latest developments in anti-money laundering regulations
11/29/2024
The chief executive of Channel Islands' Financial Ombudsman, Doug Melville, warned Islanders not to share passwords and not to assume people are who they say they are.