Managers of Wealth Offshore

TechFin Maldives, subsidiary of Ooredoo, receives PSP license from MMA

TechFin Maldives Private Limited, a subsidiary company of Ooredoo Maldives has been granted the Payment Service Provider (PSP) license.

‘Bank profits show need to regulate’

The bank’s previous announcement that personal, business, and corporate customers would face increased fees beginning September 1 helped spark increased media and political focus on bank fees.

Cayman bank customers angry over software glitch

The publication reported that angry customers complained about the initial 12 hour notice of the special charge.

Firm fined for ignoring customer ‘red flags’

FIAU said the firm knew one of its clients was reportedly convicted for multiple financial crimes

Police advise caution over fake bank transfer slips

Police have advised caution over an increase in fake bank transfer slips, stating that their investigation so far has shown that these fake slips are being created through a specific mobile app.

Positive changes made to the approval process for the Bailiwick's primary legislation

The new procedure may be used where a Projet is deemed to be 'wholly relating to the internal affairs' of the Bailiwick.

Winding-Up Petition Struck Out, Joint Provisional Liquidators Discharged in Bermuda

The Company’s new board of directors (the “New Board”) was represented by Conyers.

Business expert backs 4-day week pioneered by Cayman accounting firm

Dunne added that economist John Maynard Keynes had predicted in the 1930s that, by 2030, the working week would be just 15 hours.

Avoiding common pitfalls in Cayman fund liquidations

Armed with everything you need to stay compliant and sidestep common errors, you can move into Q4 with confidence.

Government issues new fixed-rate stocks

Application from the public will open on October 7

Green light for insurance company looking to cover renewable energy

The company says the license approval will increase its offering beyond its current fields of aviation, maritime, and freight, to renewable power including wind, solar, biofuels, and hydrogen.

£24m deficit predicted by Guernsey's States

Guernsey's budget for 2025 is set to be published on 8 October and Trott said it was "time to make some tough decisions" on public finances.

Em@ney barred from taking on new clients by financial regulator

Digital payments provider hit headlines after clients were unable to access funds for ‘several days’

Money market report for the week ended September 20, 2024

Information on ECB monetary operations and the domestic Treasury bill market

St Kitts and Nevis upgrades biometric passport and issuance system

CBNC supplies technology for system launching in November

BML introduces special promotion for American Express credit card holders

This promotion is part of a series of initiatives launched since July to celebrate 20 years of BML's partnership with American Express.

Awbury syndicate gets in principle approval

Awbury Syndicate is a subsidiary of the Awbury Group, which also has a multi-line Bermuda re/insurer – Awbury Insurance.

Enforcing debts in the Cayman Islands and BVI which are subject to an arbitration clause

The Grand Court distinguished the English case law authorities relied on by the Company

Review under way into Guernsey competition laws

The review had taken into account feedback from 19 people so far.

How to Comply with Cayman's New Corporate Governance Rules

Our funds and regulatory team have seen an increased demand from clients for advice and assistance on ensuring that their regulatory policies and procedures are aligned with CIMA’s expectations

Regulation, Risk & Compliance