Managers of Wealth Offshore

Unlocking Growth: What the latest changes to Jersey private funds mean for private capital

This should simplify dealings with investors from the UK and US, two of Jersey’s closest partners.

Insights from the BMA’s Second Consultation Paper on Digital Identity Service Providers

The BMA’s move towards the regulation of DISPs is a logical development in Bermuda’s digital regulatory evolution and will help maintain Bermuda’s position as a trusted market leading digital hub.

Bust Guernsey finance company and owner fined £210,000 for handling Russian investments

The GSFC discovered that ITI Trade's trading levels significantly increased in the first half of 2022, following Russia's invasion of Ukraine, with their assets rising by more than 440%.

BML unveils INR accounts, marking major milestone in cross-border banking

BML’s CEO and MD went on to reveal that the bank anticipates wrapping up the process by the end of 2025

Deputy calls for higher tax customer service standards

There are political calls for tougher customer service standards as part of a renewed drive to sort out the crisis at the Revenue Service.

Changes to Jersey employment law – coming into force on 25 July 2025

The Amendment Law will be coming into force today - 25 July 2025

Further improvements to the Jersey Private Fund regime

Certain technical changes have been made to Jersey's secondary legislation

Jersey’s most successful fund product gets even better - updates to the Jersey Private Fund

Carey Olsen is delighted to have been heavily involved in updating the JPF Guide.

Segregated Accounts Bill passed in Parliament

The updated framework expands on the original Segregated Accounts Companies (SAC) Act of 2004

MMA boosts bank USD allocations by 10 percent

However, according to MMA's calculations, the additional 30 percent that banks exchange is being sold back to the banks every week.

Key changes in the newly revised JPF Guide

The new JPF Guide, and a new statutory instrument, the Collective Investment Funds (Jersey Private Funds) Order, will come into force from 6 August 2025.

Contracts to Manage AI Risk (Bermuda)

The BMA’s 2025 Business Plan signalled future policies concerning the risk-managed use of AI by its registrants.

Maples Group Strengthens Data Security and Privacy Credentials with Latest ISO Certifications

Maples Group receives ISO 27001:2022 and ISO 27701:2019 certifications, internationally recognised information security and privacy standards.

Cayman international insurance licenses continued growth in Q2

Combined with the five licenses granted in Q1, Cayman has recorded 21 new international insurer licenses in the first half of 2025.

Money market report for the week ended July 18, 2025

Information on ECB monetary operations and the domestic Treasury bill market

BOV enhances security measures for customer authentication

Among other measures, an SMS notification is being sent out when transaction occurs at the bank branches

IP register enhances search capabilities

Amendments to the Trade Marks Act, 2016 and the Trade Marks Regulations, 2017 also coming

Licence surge positions Cayman for record insurance year

The Cayman monetary authority signalled it is nearing “qualified jurisdiction” status under the US National Association of Insurance Commissioners regime

Insurance licences still on the upswing, second-quarter figures show

The authority added another nine applications had agreement in principle and 14 more were under review, which would mean 44 new licences so far this year.

Continuing Requirements of the Companies Act of Bermuda

Before proceeding with the incorporation of a company in Bermuda, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.

Regulation, Risk & Compliance