Managers of Wealth Offshore

Govt to 'enforce' Bahamian understudy for expat hires

She implied that there has been no enforcement and accountability in the labour certificate process

Guernsey's fast track application regime for managers of overseas funds

Mancos are able to expedite this process using a fast track regime for managers of overseas funds.

Bermuda continues to struggle from cyberattack

All government e-mail remained knocked out over the weekend, along with the main switchboard, and it was unclear when normal operations would be restored.

CIMA Confirms E-KYC and Remote CDD for Cayman

The acknowledgement was included in CIMA’s latest AML guidance

Making a will in the Cayman Islands

This is particularly recommended for individuals who are not domiciled in the Cayman Islands

Consensus sought for digital asset rules

“The market will be a resilient one,” Mr Fahmi said. “The convergence between traditional and digital assets will continue.”

OfReg Seeks Bids For Advanced Licensing System To Streamline Functions

Advanced Licensing System Will Allow Users To Submit License Applications Through An Online Portal

BMA registered two new insurers in August

In addition to the 39 insurers registered this year to date, the BMA has registered four intermediaries.

Bahamas and Botswana Sign MOU on Mutual Development

“Through this agreement, we aim to foster deeper collaboration, leverage our unique strengths, and jointly address challenges to ensure mutual progress.”

Cayman Islands’ Corporate Governance Rule and Internal Controls Guidance and Rule

Conyers will be able to advise further actions to be taken where gaps or deficiencies are identified.

Bermuda re/insurance incorporations trailing behind 2022 figures

The BMA confirmed the licensing of two re/insurers in August, bringing the total number for the year to date to 43.

CDB Mission visits Grenada to boost project implementation

Government of Grenada has welcomed a Mission from the Caribbean Development Bank (CDB) for a series of engagements to drive the implementation of CDB-funded projects.

Private sector needs to lead new economic direction, Caruana tells businesses

Government must be bold in cutting down on inefficiency and support change, Finance Minister argues

IGI redeems warrants for $16.4 million

The warrants were exercisable at a share price of $11.50. IGI shares currently trade on Nasdaq at a price of $11.40, having climbed from $8.05 in May.

The Commercial Entities (Substance Requirements) Act, 2023

CESRA mandates that all Registered Agents must submit this report to the Ministry of Finance within nine (9) months of an entity’s fiscal year-end.

Companies slow to capitalise on BMA’s sandbox

The BMA is looking to attend more conferences and forums.

FSC leak

Hacked files dumped on dark web

Foreign arrivals up 45 percent in Q2, Central Bank reports

“Disaggregated by major ports of entry, tourist arrivals to New Providence rose by 37.7 percent to 1.1 million visitors, vis-à-vis the 0.8 million passengers in the year prior,” the Central Bank reported.

The rule in Hastings-Bass under Cayman Islands’ statute

The Court will intervene to protect the interests of the innocent beneficiaries of the trust by setting aside the exercise, whether or not the beneficiaries might also have causes of action against the trustees or their advisers.

"New rights, enshrined in law"

[Trading Standards Service] have also updated their pages on gov.gg

Regulation, Risk & Compliance