Managers of Wealth Offshore

KPMG’s AML Roundtable: Key insights from second session of 2024 series

Industry leaders, experts discuss latest developments in anti-money laundering regulations

Five tips to avoid scammers in the Channel Islands

The chief executive of Channel Islands' Financial Ombudsman, Doug Melville, warned Islanders not to share passwords and not to assume people are who they say they are.

Bermuda boosts captive domicile with new licenses in 2024

More than 50 re/insurance entities approved

Jersey’s financial services regulator publishes plan to address MONEYVAL actions

This plan outlines how the JFSC will respond to the Recommended Actions that are solely for the JFSC to complete.

Cayman Islands Exempted Limited Partnerships – when can limited partners bring claims on behalf of the partnership?

The Privy Council set out 11 principles relating to the right of LPs to bring a claim on behalf of the ELP.

Bank fined just under £300k over compliance breaches

Bank made three payments for a client that was subject to a proceeds of crime restraining order

Data laws have left HSC facing "immense pressure"

It's after the department was reprimanded by the Office for the Data Protection Authority for breaching data access rules, again.

The Cayman Islands’ Position on Beneficial Ownership

The Hon. Premier and Minister for Financial Services and Commerce, the Hon. Juliana O’Connor-Connolly, led the Government delegation.

Bermuda consults on beneficial ownership register

The Registrar of Companies said it was seeking the feedback of industry and all relevant stakeholders on the proposals, including moving the register to the ROC from the BMA.

Jersey to significantly increase compensation in employment cases

Despite having discrimination legislation in force since 2014, the reality is that very few cases have been heard by the Employment Tribunal

Key recommendations for Guernsey NEDs when insolvency looms – lessons from BHS

This high-profile collapse was followed by a series of investigations and legal proceedings that exposed serious corporate governance failures.

BMA licenses Talanx ILS vehicle

Based in Bermuda, it was incorporated in August. Its insurance manager is Davies Captive Management.

Regulator concludes investigation into mobile network incidents

The investigation identified potential risks to emergency service calls which demonstrate regulatory contraventions.

Advancing Virtual Asset Regulation in the Cayman Islands

In a welcome development, the Bill also seeks to introduce a streamlined licencing procedure and clearer measures for sandbox licence holders who wish to transition to full registration/licence.

A step forward for virtual asset regulation in the Cayman Islands

Following consultations earlier this year, the Bill underscores the jurisdiction’s dedication to transparency, innovation, and regulatory excellence.

Ministry publishes virtual assets and revenue-raising bills

The bills were developed following a review of fee structures by the ministry, General Registry, and the Cayman Islands Monetary Authority (CIMA)

JMMB Group, other fincos on watch for another rate cut

The regional financial conglomerate’s stance aligns with the average sentiment within the financial sector.

‘No rocket science’: Ease housing crisis via 70% lot discount

Mr Strachan said that by taking out the land acquisition costs, and conveying such sites to private developers for a nominal fee, the latter would be able to construct affordable homes while still making a profit.

President states tourism forex regulations will not be changed

At a ceremony held last night at the Social Centre to mark one year since this administration came to office, the President reiterated several times that there will be no changes to this forex regulation.

FIAU fines are not unconstitutional, top court rules in landmark judgment

Court says fair hearing not breached provided firms have 'access to full review'

Regulation, Risk & Compliance