Managers of Wealth Offshore

Cayman Islands Update: AML Amendment Regulations 2024

The bulk of the changes were to make it clear that compliance requirements apply not only in the context of anti-money laundering

Melita Business announces new cyber security solution

Further enhances cyber security resilience

Impact Jersey to launch £2m CareTech Challenge to support ageing Island population

It will be the second initiative to be launched through Impact Jersey, following the first Open Programme last year.

Premier says Bermuda on the right fintech track

The article’s photograph showed the pair in happier times as they signed a memorandum of understanding that was hoped to be to the benefit of the company and Bermuda.

OfReg Grants Import Permit To REFUEL For Sustainable Fuel Alternative

Flex fuels are largely accepted to be more sustainable than traditional gasoline as ethanol is a renewable fuel source mostly derived from corn.

Fitch: insurer credit profiles supported by BMA reforms

The BMA will also require more transparency around transactions as part of its approval process.

Banking sector urged to be vigilant in face of growing regulation

Three major legislative areas where Malta needs to focus its urgent attention on

JTC Brings Financial Community Together To Address Lasting Powers of Attorney and Service Access For Vulnerable People

Attendees then had an open discussion around what they agreed was a ‘multifaceted challenge’

Airmic and GIIA Guernsey Conference to focus on future geopolitical concerns

Delegates will hear from a line-up of speakers at both plenary sessions and nine different breakout sessions.

Eastern Caribbean Supreme Court Issues New Practice Directions

The above summary will be supplemented shortly by an article discussing the “ins” and “outs” of the newly adopted practice directions.

Carey Olsen advises Jersey Electricity on lease of land for first ground-mounted solar farm

Jersey Electricity signed an Agreement for Lease for the fields in July 2022

New offence of failure to prevent bribery – Guernsey

To remedy this, Guernsey has now introduced offences of failure by corporate entities to prevent bribery and facilitation of tax evasion

The Corporate Transparency Act: US CLO Co-Issuers and Issuer Subsidiaries

In scenarios where these vehicles are within scope of the CTA, the Maples Group provides a dedicated range of CTA services, which will significantly alleviate the regulatory and compliance burden for clients and US counsel from this legislation.

Regulation Of Moneylending In Mauritius

The Moneylenders Act was repealed and the supervision, regulation and licensing of moneylenders were entrusted to the Bank of Mauritius.

Updates to the AML/CFT/CPF Handbook

These changes have been incorporated into the updated Handbook and, where applicable, corresponding rules and guidance have also been amended.

Rented dwellings licensing regime to commence in Jersey

The Licensing Regulations do not apply to non-residential or commercial lettings.

Fee consultation feedback and new fee notices: TCB, GIMB, MSB and Schedule 2

Following feedback received, we will not be proceeding with the proposed increase in fees of 10.1% but instead will be increasing fees by 6%.

Professionals beware: phishing scams are getting much more sophisticated

Fraudsters are mimicking writing styles and e-mail addresses to dupe businesses

The rights of minority shareholders to bring claims for improper use of power by the company

The dispute arises out of a battle for control of CSCG.

Central Bank Focus Areas for E-money and Payment Firm Applications

This update will examine how Firms can prepare their applications to overcome or avoid these challenges.

Regulation, Risk & Compliance