Managers of Wealth Offshore

New Regulatory Framework for Virtual Asset Custodians and Trading Platforms in the Cayman Islands

The Rule and SoG set out more prescriptive governance and conduct of business requirements for VASP licencees.

Scam warning as local media used to try and gain credibility

The posts mimic the Guernsey Press website but use a photo taken from the Express website, with the Express logo clearly visible.

HMRC issues warning for anyone who's paid tax 'going back 20 years'

3,839 prompted disclosures in 2023/24, yielding £57 million with HMRC now typically following up letters four to six weeks later.

Amendments to Cayman Islands suspicious activity reporting regime now in force

Revisions include changes to the suspicious activity reporting (SAR) process administered by the Cayman Islands Financial Reporting Authority

Update to the Cayman Islands Proceeds of Crime Act – Changes to the suspicious activity reporting provisions

In order not to commit a Core Money Laundering Offence they must also have received consent, known as a defence against money laundering ("DAML"), from the FRA following the making of the SAR.

Bermuda joins UK sanctions against terrorist group

No person or entity required to comply with UK sanctions can deal with any funds or economic resources controlled by Blood and Honour.

BVI Approved Managers and Approved Funds: Upcoming Filing Deadline – 31 January 2025

BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the “Commission”) by 31 January 2025

Jersey Private Fund Regime - Key Requirements and Eligibility

Funds qualifying under the JPF regime will receive approval within 48 hours

ORG backs transparency efforts, calls for stronger anti-corruption measures

We have worked to introduce legislation that will address the people’s concerns with transparency and authority.

The Legal 500 Real Estate Country Comparative Guide - Jersey

Once passed before the Royal Court, the contracts are registered in the Public Registry of Jersey and are thereafter available for public inspection.

Beneficial ownership information developments in the BVI

With the new requirements in effect from 2 January 2025, there is now a statutory obligation for all BVI companies

Carbon credits, crypto, cannabis and defence tech: Navigating regulatory challenges for investing in sensitive assets in Jersey

Jersey has a good track record in considering and granting approvals in respect of fund vehicles

2024 Amendments to the BVI Business Companies Act

The Amendment Act clarifies the definition of beneficial owner

Update on BVI Business Companies (Amendment) Act and BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations

Certain of these Amendments are to be amplified in BVI Business Companies Regulations to be brought into effect at a later date.

Regulation, Risk & Compliance