Managers of Wealth Offshore

Bermuda joins UK sanctions against terrorist group

No person or entity required to comply with UK sanctions can deal with any funds or economic resources controlled by Blood and Honour.

BVI Approved Managers and Approved Funds: Upcoming Filing Deadline – 31 January 2025

BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the “Commission”) by 31 January 2025

Jersey Private Fund Regime - Key Requirements and Eligibility

Funds qualifying under the JPF regime will receive approval within 48 hours

ORG backs transparency efforts, calls for stronger anti-corruption measures

We have worked to introduce legislation that will address the people’s concerns with transparency and authority.

The Legal 500 Real Estate Country Comparative Guide - Jersey

Once passed before the Royal Court, the contracts are registered in the Public Registry of Jersey and are thereafter available for public inspection.

Beneficial ownership information developments in the BVI

With the new requirements in effect from 2 January 2025, there is now a statutory obligation for all BVI companies

Carbon credits, crypto, cannabis and defence tech: Navigating regulatory challenges for investing in sensitive assets in Jersey

Jersey has a good track record in considering and granting approvals in respect of fund vehicles

2024 Amendments to the BVI Business Companies Act

The Amendment Act clarifies the definition of beneficial owner

Update on BVI Business Companies (Amendment) Act and BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations

Certain of these Amendments are to be amplified in BVI Business Companies Regulations to be brought into effect at a later date.

Mourant FinReg Update - Guernsey October to December 2024

The UK Takeover Panel has published a draft amended Takeover Code

Using Jersey for your UK REIT

Jersey's Companies Law is more flexible in certain aspects than its UK counterpart

Innovative war risk insurance facility launched for Ukraine via Guernsey structure

The collaboration will help to revitalise the war risk insurance market in Ukraine and boost the provision of reinsurance capacity to private-sector insurers to address the ongoing challenges posed by the war.

Trio fighting GFSC’s Providence sanctions fail in bid to stay anonymous

Among this was an investigation by the GFSC into the Guernsey links to the Group.

BTA board given ultimatum over workplace complaints

Additionally, Mr Darrell demanded financial reports into the independent body’s employee payouts and spending.

Interest rates for late payments in commercial transactions decrease to 11.15%

The rate was 12.5% last year

Money market report for the week ended January 3, 2025

Information on ECB monetary operations and the domestic Treasury bill market

Reminder for companies to file annual validations

The annual validations must be filed by 28 February using Guernsey Registry's online services portal.

Grant Thornton deal closes

Grant Thornton Ireland employs approximately 2,700 people in offices in Bermuda, Ireland, Isle of Man and Gibraltar.

BMA: new approach required for asset-intensive insurance

The 24-page document titled The Evolution of Asset-Intensive Insurance updates a previous paper, released in December 2023 — Supervision and Regulation of Private Equity Insurers in Bermuda.

‘We are anxious to reduce rates’

Banks respond to calls to cut interest rates but urge patience and understanding

Regulation, Risk & Compliance