Managers of Wealth Offshore

BOV selects Databricks to implement state-of-the-art intelligence platform

Harnessing the benefits of data-driven decision-making

Jersey’s implementation of the OECD Pillar Two rules

The Government of Jersey has issued an update to the statement it released a year ago in relation to its plans to implement key aspects of the Pillar Two international tax reforms in Jersey.

Money market report for the week ended May 31, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Putting good corporate governance into practice

'Corporate governance has proved excellent business with hundreds of conferences but that unfortunately, it has produced loads of hollow talk, repetition and platitudes'

Bermuda to participate in global privacy forum

By participating in the forum, Bermuda would be granted mutual recognition for our privacy rights and standards, ensuring certainty for Bermudian businesses and expanded international protections for the rights of its people.

BMA and Lloyd’s sign MOU

In signing the MoU, both parties have agreed to jointly navigate regulatory developments and explore related opportunities by leveraging the Lloyd's Lab.

Antigua & Barbuda signs declaration to join CAF Development Bank

Antigua and Barbuda's confirmation of its interest in joining CAF is a strong signal of the organisation's expanding presence in the Caribbean.

ESMA call for evidence – review of the Eligible Assets Directive

The Commission mandated ESMA to carry out a review of market practices to ensure that the eligibility rules are being implemented

New Chair for IoD Jersey to focus on the leaders of the future

The IoD Jersey branch has grown substantially in numbers in recent years

BOJ cuts certificate of deposit (CD) minimum to $100k

The BOJ highlighted that this move not only aligns its auctions with best practice, but also improves financial inclusion for investors with smaller sums of money.

The EU and Caribbean strengthen their partnership and exchange on investment opportunities at the SIDS Conference

Caribbean countries were able to present their priorities and engage with EU investors.

The crucial role of AML/CFT/CPT training in the fight against money laundering

This proactive measure ensures employees not only receive training but also retain the necessary knowledge to combat money laundering effectively.

BMA and Lloyd's sign cooperation agreement

Through the MoU, Lloyd’s and the BMA will also collaborate to promote and deliver a reinsurance theme for Cohort 14 of the award-winning Lloyd’s Lab Accelerator programme

Bank of Valletta enhancing close business ties between Malta and France

Sustains its support to the Maltese French Chamber of Commerce

The pivotal role of transfer pricing documentation for intra-group transactions

This case shows a strict interpretation of the arm’s length principle by Mauritius authorities

Saffery Trust attains Swiss “seal of quality” with licence approval

The new licence requirement ensures ongoing accountability and competency within the Swiss fiduciary services industry.

Highly recognised ‘Understanding Sustainable Finance’ compliance course receives further endorsement from CISI

This further endorsement from the CISI underlines the course’s standing as a leading educational tool designed to elevate financial professionals’ understanding of sustainable finance within International Finance Centres (IFCs).

Money market report for the week ended May 24, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Sure and Channel Islands Coop agreement paves way for new mobile service

Coop, which has 28 shops in the Channel Islands, proposes to give its large membership access to the latest technology using Sure’s network.

Budget for FY25: Another scope for legalising black money?

Economists and government officials suspect that a huge amount of money was laundered abroad before the January 7 parliamentary polls.

Regulation, Risk & Compliance