Managers of Wealth Offshore

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.

China looking into Bank of China money laundering allegations: Xinhua

The report quoted unnamed BOC sources as saying the bank kept the program secret because it knew it was illegal.

Visit Isle of Man seeks a new chair and members for its non-executive board

The agency has set ambitious headline targets to grow annual visitor numbers to 500,000 and achieve an annual economic contribution of £520m by 2032.

Republic Bank agrees to ECCB audit

The audit aims to verify that there are no systemic issues responsible for the delays in transaction processing.

Regulatory oversight is key for Bermuda's insurance sector

Such oversight plays a vital role in the success of the industry by fostering a transparent and accountable insurance environment on the island.

Get up to speed with ESOP changes for 2024 in Ireland

This briefing summarises some of the main unapproved share option schemes available to companies in Ireland.

Regulation, Risk & Compliance