Managers of Wealth Offshore

CIMA advises of new bank account numbers for regulatory fee payments

Licensees and other parties should take note as the new details affect all payments to CIMA

CIMA publishes revised regulatory procedures for the deregistration of Cayman Islands regulated funds

Under the new deregistration procedures, although CIMA should be notified of a fund's intention to deregister within 21 days of that determination, the fund must complete and file its final audit

Executive search for Kroll

The company, with some 5,000 worldwide staff, said it provides proprietary data, technology and insights to help its clients to stay ahead of complex demands related to risk, governance and growth.

Malta Financial Services Authority (MFSA) Launches Corporate Governance Code

Enhancing the Governance, Culture, and Conduct of MFSA Authorised Entities.

Bermuda Compliance and Regulatory Updates – July 2022

The FATF amended its list of Jurisdictions under Increased Monitoring in June 2022.

St Kitts and Nevis: The fastest and most trusted route to second citizenship

Federation of St Kitts & Nevis’ Citizenship by Investment Programme operational from 1984

Ocorian urges best practice focus on Register of Overseas Entities

Failure to register in time risks fines of up to £2,500 or up to five years in jail as well as potential restrictions on use of their land or property.

Central Bank lending rules relaxation could help stimulate recovering economy says senior accountant

As a general expectation, increased availability of credit should lead to an expansion in consumption and therefore has a positive impact on economic growth and government revenue.

Work Permissions Assistance from Digital Jersey

The Digital Jersey scheme to assist local businesses obtain work permissions to work in Jersey, known locally as licences, is available to Jersey Finance Members looking to recruit staff in digital roles.

Work to create centralised due diligence agency to begin in September

New agency intended to cut red tape for business in Malta

15% overtime tax rate among Gozo businesses' 10 key Budget proposals

Chamber says measure could help retain full-time employees

Bankers say Central Bank’s relaxed lending rules “unlikely” to have huge impact on consumer lending

The Central Bank continued: “Effective immediately, lending institutions may, on a case-by-case basis, approve applications for new personal loans."

“Major step forward” for Guernsey and UK medicinal cannabis patients

The licences also enable 4C LABS UK to distribute cannabis-based medicines to registered UK & Channel Island pharmacies

Alderney seeks public’s views on biodiversity proposals

This biodiversity provides numerous cultural, social and economic benefits to the people of Alderney, such as ensuring the quality of fish stocks, driving tourism and enhancing wellbeing.

Crypto.com receives regulatory approval in Cayman

The Singapore-based company says it has more than 50 million users worldwide and 4,000 employees.

HFL promotes three staff

Mattias Carre becomes an Assistant Manager in the compliance team.

Relaxed lending rules for domestic credit

Effective immediately, lending institutions may, on a case-by-case basis, approve applications for new personal loans, subject to the total debt service ratio for the facility and any pre-existing obligations not exceeding 50 percent.

The substratum rule: does it matter?

The Bermuda Court of Appeal’s reasoning in Grand View was accepted and followed by the Royal Court of Jersey in Rysaffe

Snapshot: Jersey's impounder restrictions in relation to discretionary trusts

In this Snapshot, partner Damian Evans, senior associate Matthew Davies, and trainee solicitor Paola Sequeira consider the arguments for and against.

Lexology Transfer Pricing Guide 2023: Luxembourg

The chapter provides insights into principal legislation, enforcement authority, role of OECD Transfer Pricing Guidelines

Regulation, Risk & Compliance