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Regulation, Risk & Compliance

09/26/2024

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.

09/26/2024

£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.

09/26/2024

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’

09/25/2024

Money market report for the week ended September 20, 2024

Information on ECB monetary operations and the domestic Treasury bill market

09/25/2024

St Kitts and Nevis upgrades biometric passport and issuance system

CBNC supplies technology for system launching in November

09/25/2024

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.

09/24/2024

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.

09/24/2024

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

09/23/2024

Review under way into Guernsey competition laws

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

09/23/2024

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

09/23/2024

Legalisation and Apostilles: What is the difference between legalisation and an apostille?

The cost of legalisation depends very much on the country it is going to

09/20/2024

Business input to guide competition law review

The review goes on to explain that this is this is because they can ‘use alternative regulatory approaches such as issuing guidance or using mediation’.

09/20/2024

Guernsey's green finance regulations praised

Green finance is a loan or investment that supports environmentally friendly activity.

09/20/2024

The Irish Competition and Consumer Protection Commission (CCPC) publishes its 2023 Annual Report

The CCPC report notes that its helpline was contacted nearly 40,000 times in 2023.

09/19/2024

Minimum top-up tax will ease tax burden for Bahamians, says PM

Davis said yesterday that The Bahamas is seeking to ensure “everyone pays their fair share” through the implementation of the QDMTT.

09/19/2024

JTC Welcomes Updated Jersey Guidance On Real-World Asset Tokenisation

The new guidance on real-world assets is supported further by additional updated guidance, published simultaneously by the JFSC

09/19/2024

B.C. regulator fines offshore crypto trading platform $500K, bans it from financial markets

A panel of the B.C. Securities Commission imposed the sanctions on LiquiTrade Ltd.

09/18/2024

Retail insurance risks spark increased regulatory scrutiny

General insurance includes coverage for house contents, bikes and health costs.

09/18/2024

Jersey publishes new guidance on the tokenisation of real world assets

The guidance aims to clarify the process for issuing a digital representation of a real world asset on a blockchain by a Jersey issuer

09/18/2024

Cayman Islands will stay ahead of AML compliance curve, says deputy premier

André Ebanks explains the Islands’ compliance outlook after exiting FATF’s grey list

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