Managers of Wealth Offshore

Jersey regulator tightens telecom rules to prevent fraud involving Global Titles

The regulator’s review follows findings by the UK communications regulator Ofcom that some Global Titles had been misused

Risks for Transactions and Directors in Financially Distressed Businesses (Jersey)

The Viscount has several comparable specific statutory powers under the Désastre Law.

CIMA reaches 66 unique regulatory cooperation agreements

The agreements span a range of European financial regulators and supervisory authorities, reflecting the Cayman Islands’ cross-border financial services links with European markets.

Deputy vows to keep trying in efforts to block GST

Last month deputies voted in favour of the preferred P&R option to include food in a 5% GST.

Abolition of "illegitimacy" in Jersey law: Impacts on international clients

This reform has practical and immediate implications for international clients with Jersey trusts, foundations, and wills

A comprehensive review of the Central Bank of Ireland’s 2026 regulatory agenda

Financial crime risk has been raised as a continued key priority for the CBI.

Regulators secure earlier delivery of mobile number portability for Coop Mobile

JT has provided regulators with a strengthened implementation plan

BOJ predicts stable US dollar

The forecast carries a subtle caveat, however – several factors could still exert downward pressure on the greenback in the months ahead.

Advocacy group urges stronger consumer protection

The concerns come after the company announced it would introduce a 30-cent fee for cash and cheque bill payments made over the counter, effective March 16.

New CIMA AML and Sanctions Obligations

These proposed rules mark a significant enhancement in the expectations for all Cayman-domiciled investment entities and funds regarding AML, CFT, CPF and sanctions compliance.

Lawmakers to consider 11 bills at Parliament sitting

The meeting will also include five government motions, 10 private members’ motions, 54 parliamentary questions

CIMA advances recovery planning framework

CIMA confirmed that it initially consulted in January 2025 on a combined Rule and Statement of Guidance covering both recovery and resolution planning.

CIBC Caribbean to halt GBP cheques and bank draft services

CIBC Caribbean encourages clients to use its online banking and mobile app to send and receive GBP wire transfers worldwide.

BMA Announces a Reduction in Regulatory Burden for Insurers

The BMA emphasized that this is not a reduction in prudential standards, capital requirements or supervisory effectiveness.

Cayman company and partnership registrations reach record levels

These entities are typically technology, commodities trading, IT/software, aircraft/maritime or digital services firms seeking a physical presence aligned with Cayman’s regulatory framework.

Ebanks fast-tracks immigration, health amendments

The first bill that will be fast-tracked is the Immigration (Transition) (Amendment and Validation) Bill, 2026.

BML investment in government T-bills increase to MVR 15.4 billion

In 2023, BML held MVR 13.2 billion in government-issued securities.

Deriv Applies for a Banking Licence in SVG

It also obtained a full brokerage (Cat 1) licence from the regulator in Dubai and started onboarding traders under that licence last year.

‘Grandfather’ clause expanded for new immigration rules

The headline change relates to transitional protections first debated late last year.

Eastern Caribbean currency to replace Queen’s image by 2027

The new Eastern Caribbean notes are expected to come into circulation by 2027 and will feature prominent regional figures

Regulation, Risk & Compliance