12/28/2023
Flow, Digicel talk compliance with new data protection law
The telecommunications companies were chastised in prior years for numerous spam calls and texts for promotional items, triggering calls for greater protection of data collected.
Regulation, Risk & Compliance
12/27/2023
BMA revokes registration of Vesttoo fund
The BMA noted that the fund did not appeal the decision.
12/27/2023
CIBC Continues To Warn Customers Of Emails From Fake Vendors
Fraudsters use slight variations on legitimate addresses to fool victims into thinking fake accounts are authentic.
12/22/2023
BVI Court Freezes Three Arrow Founders' Assets
Following its collapse in 2022, Singapore-based 3AC filed for bankruptcy in the British Virgin Islands with local courts appointing Teneo as its liquidator.
12/22/2023
Carey Olsen increases market share as leading legal adviser to Guernsey funds industry
The Report found that fund assets serviced in Guernsey stood at US$517.5 billion at the end of June 2023.
12/22/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications
In such circumstances, amendments would need to be made to a listed issuer’s current bye-laws or articles of association for compliance with the paperless listing regime.
12/22/2023
Guernsey relaxes two-year rule to support employment challenges
As part of its work to deliver on the ambitions of the Population and Immigration Policy Review agreed by the States Assembly
12/22/2023
BMA puts R&Q legacy transactions on hold
The deal, which required shareholder and regulatory approval and was expected to close in the first half of 2024
12/21/2023
BOV sells chunk of non-performing loans for €26 million
Bank of Valletta sells portfolio of 707 non-performing loans to third-party acquirer
12/21/2023
FTX Trading Ltd reaches global settlement agreement with Bahamian liquidators
In a collaborative effort, FTX and FTX Digital Markets have decided to pool their assets and align their methods for assessing customer claims.
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/21/2023
Guide to Gambling Law in the Isle of Man 2024
Casino gaming is regulated by the Casino Act 1986 (CA 1986).
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/21/2023
BMA registers four insurers in November
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
12/21/2023
CIBC Says: Date Payrolls 21 Dec To Avoid Late Salary Payments To Staff
CIBC FirstCaribbean wishes you happy holidays and a prosperous 2024.
12/20/2023
Regulatory Authority approves cut to FAR
It brought frustrated protesters out to picket the Belco headquarters on Serpentine Road in Pembroke.
12/20/2023
Converting a PIC to a Standalone Licensed Entity
A significant benefit of the PIC product has always been the ability of a sponsor/group to utilise a PIC to dip its toe into Cayman regulatory waters
12/19/2023
Regulator concludes that cost of business connectivity and broadband prices are too high [Updated]
Leased lines are key building blocks for businesses relying on telecommunications connectivity.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/18/2023
Temping agency sacks workers after charging them fees for job
New law says agency licence may be lost for charging fees