Managers of Wealth Offshore

Panama opens Embassy in Barbados

This concludes the process of establishing diplomatic missions in both countries.

Frustration in Irish contracts: more on the Law Reform (Contracts) Bill 2024

This approach aims to balance the financial implications of a frustrated contract, ensuring neither party is unduly advantaged or disadvantaged by the unforeseen event leading to frustration.

BMA issues phishing e-mail warning

"The fraudulent e-mails misappropriate the Bermuda Monetary Authority's name by attempting to get the recipient to click and open a PDF that requests more information as soon as possible," the BMA said.

Ocorian launches new online automated AML module in The Gateway

The new automated AML module is part of proprietary solution The Gateway – a unique all-in-one online compliance toolbox, designed by compliance experts.

New Regs Passed Setting Out Fees For Local Companies Control Licences

Companies With A Local Companies Control Licence Are Not Required To Be 60% Caymanian Owned Or Be Caymanian Controlled

Record number of local data breaches reported in single quarter

This is the highest number ever reported in one quarter, with 1,536 people affected.

Reform to conform to global standards – Straughn

Companies will also have until January 2025 to comply with the global tax policy.

Shareholders' agreements for BVI and Cayman Islands companies – Key issues you should consider

It will then discuss the key issues you should consider when drafting or reviewing a shareholders' agreement in respect of a British Virgin Islands or a Cayman Islands company.

Maiden transfers Scandinavian renewal rights to AmTrust

Maiden said that under the agreements, renewals will be offered to to select policyholders in exchange for a fee at standard market terms for business successfully renewed.

Jersey public sector pay rise of 8% adds up to £41m

And £502,000 of this sum was to pay the extra 0.1% given to civil servants and other public sector workers to match the increase given to teachers.

Guernsey health bosses consider increased charges to make up financial shortfall

Regarding the suggestions made by the President to scrap services, Deputy Leadbeater said there were "lots of transformational pieces" being considered.

Jersey RegTech Super Deduction

When pulling together an agenda for a PAG we know we will always have a section on regulatory issues.

AXA and Athora cancel €19bn policy transfer

The company expects the termination to have no impact on the financial targets announced by the Group as part of its new strategic plan.

Malta: MFSA Circular And Feedback Statement Re Amendments To PCC Regulations

The Consultation Papers, Circular and Feedback Statement primarily focus on the removal of non-recourse arrangements for pure captives and reinsurers, transfers of protected cells and liquidation of protected cells.

Minister announces new fintech strategy

It was one of the five pillars of the strategy that would be important to Bermuda’s digital future, he told delegates at the International Tech Summit 2024.

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.

Regulation, Risk & Compliance