Managers of Wealth Offshore

UK legislates on nationality changes before Guernsey has a say

Only now will the States be asked to express its views on it.

Securitisation and Cayman Orphan SPVs – Part Three

This third article will focus on the administration of a Cayman Islands Orphan SPV as it relates to a securitisation transaction as well as the Cayman Islands entities which can be used in a securitisation structure.

The Cayman Islands: One Step Closer to Removal from the FATF Grey List

At the conclusion of the June Plenary, the FATF has announced that the Cayman Islands has made significant progress towards fulfilling its action plan, and has authorised an on-site visit.

Solitaire Consulting partners with Clausematch to deliver regulatory compliance solutions

This partnership is part of Solitaire’s expansion plan which includes working with Fintech and Regtech companies operating in the TCSP space.

Climate change policies need broad acceptance to be effective

While the draft Policy is vital, there may be some challenges in getting specific segments of the population on board to guarantee wide adoption of the final version.

Training Opportunities in Conyers Trust and Corporate Services

Selected candidates will participate in a structured program that combines theoretical learning with practical hands-on client work

Small nations need to strengthen networks against cyber-attack say regulators

In many of the nations represented at the SNRF, programmes have been initiated by regulators aimed at educating users

Bahamas in multi-billion blue carbon credit boost

Mr Carey said the Government was likely providing no further details on its blue carbon trading ambitions until the mapping

Regulation of virtual asset service providers (VASPs)

The regulation of VASPs is a new regime for the Bailiwick of Guernsey (the Bailiwick)

BCCEC slams government over lack of consultation on business rule changes

“Such an approach hinders the correction of any evident missteps and impedes smooth implementation.”

Grenadians urged to monitor financial accounts and cards

Report any suspicious activity

Record Keeping Update - Cayman Islands Regulated Entities

The guidance applies to all entities regulated by CIMA

MAS fines DBS, OCBC, Citi, Swiss Life for money-laundering rule breaches uncovered in Wirecard probe

OCBC was imposed a composition penalty of S$600,000 for breaches between June 2015 and January 2016

FATF will decide this week whether Cayman remains on the grey list

Cayman must demonstrate sufficient progress with its action plan to be considered for removal from the FATF grey list

Lawmakers Urge Europe to Heed Pandora Papers 'Lessons'

The Committee on Economic and Monetary Affairs held public hearings in the months following the Pandora Papers

Jamaica issues new bank notes

The new series which can be obtained from the Bank of Jamaica (BoJ) and commercial banks, comprises upgraded $50, $100, $500, $1 000 and $5 000 notes, and the newly introduced $2 000 bill.

Government eying NIB rate hike every two years

The increase in benefit payments is attributed to a rise in the number of pensioners benefiting from the fund, which has increased by over 35 percent in the last decade.

Bank of Maldives extends start-up grant deadline

The grant evaluation process will be conducted in two phases.

Amendments to the BVI Civil Procedure Rules Series – Part Two

Any proceeding can be heard in private with the consent of the parties.

FCIB Banking Fraud Alert: customers receiving fraudulent emails

FirstCaribbean is urging customers to exercise extreme caution when such instructions are received in connection with this fraud scheme, known as Business Email Compromise.

Regulation, Risk & Compliance