Managers of Wealth Offshore

New Conversion and Division Options for EU Limited Companies

The Mobility Regulations update the current cross-border merger regime

MiCA: A new dawn for crypto-asset regulation

Cyprus is an example of an EU Member State that opted for much greater regulatory oversight than the minimum set out in the 5AMLD

Malta Financial Services Authority (“MFSA”) publishes draft legislative changes to new proposed regime

The MFSA invites stakeholders to provide their feedback on the proposed legislative changes by 22 June 2023.

What are the implications of local and international developments on Family Businesses in the Middle East?

Families are conducting assessments of their current situation regarding local and international assets, investments, and businesses.

Channel Islands strengthen business and cultural links with France

The two islands have also renewed their partnership with the departmental council of Ille et Vilaine for another three years.

Moody’s gives Cayman Islands positive marks for fiscal management

This was one of the highlighted notes by Moody’s Investors Service in affirming the Cayman Government’s Aa3 issuer ratings.

Guernsey and Gibraltar data protection regulators pledge closer co-operation

It serves to cement an already strong relationship with The Gibraltar Regulatory Authority.

Shareholders letter says BF&M warned against sale

The letter reads: “As we noted in our press release earlier today [Tuesday], BF&M is disappointed by the announcement from Camellia that it will sell its 36.9 per cent ownership interest in the company to Argus, a direct competitor.

Property tax cap up 25% to hit $150,000

The $30,000 increase, which will take effect from July 1, 2023, comes swiftly behind the prior year's $60,000 jump or doubling from $60,000 to $120,000.

Impact Jersey launched to provide tech funding

Through a coordinated series of grant programmes, Impact Jersey will award up to £20m to address the island’s challenges through the use and adoption of technology.

Investec makes three-year time commitment to La Société

All three gave an in-house presentation to all staff who then voted for their favourite.

SEC files 13 charges against Binance and Changpeng Zhao

Binance was to create 40 Bermuda jobs, at least 30 of them Bermudian and spend up to $10 million on training for Bermudians in blockchain technology development.

BMA’s net income falls by nearly $8 million

The BMA’s total revenue increased by 8.98 per cent to $79.65 million, up from $73.09 million.

Commodity prices expected to fall this year: Central Bank

In this regard, food prices rose 7.8 percent while transportation prices 8.6 percent.

The division in monetary policy

There are significant differences between the different central banks over monetary policy

Maltese ‘digital bank’ fined, months after US sanctioned one of its directors

€279,000 fine for anti-money laundering failures

Guernsey funds legal and regulatory update June 2023

In view of the threshold, Pillar Two is unlikely to affect many businesses in Guernsey and those that are unaffected will continue to be subject to Guernsey's established zero-10 corporate tax regime.

Channel Islands based ESH Solutions to partner with Kagool

Kagool is a Microsoft Partner that also has partnership arrangements with SAP and Salesforce platforms

The Cayman Islands Government proposes amendments to the Proceeds of Crime Amendment

A notable change that is being proposed in the bill is the potential removal of the defences to committing the key money laundering offences

International Data Transfers

The DPC imposed a fine of €1.2 billion on Meta Ireland

Regulation, Risk & Compliance