Managers of Wealth Offshore

Melita’s environmental and health and safety standards shine in ISO audit

ISO certificates in information security, environmental management, and occupational health and safety

BDA legal committee establishes new DAO

“We anticipate efficient governance models for business to be further developed in Bermuda.”

ADGM and the Bermuda Monetary Authority sign a digital assets MoU

The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment of digital assets entities across their jurisdictions and ensure their effective supervision

Outsourced Support for Effectively Navigating ELTIF 2.0

On the investor side, putting funds into ELTIF structures should be that much simpler, particularly for high-net-worth investors.

Bankruptcy & Restructuring - Planning for Failure

A failure to recognise and act upon early signs of distress turned what might have been a controlled descent into a freefall.

AG commits to combating money laundering at Caribbean task force meetings

The biannual CFATF Plenary Meetings provide a forum for all 24 CFATF member states

Money market report for the week ended June 7, 2024

ECB cuts interest rates for the first time since 2019

Government announces changes to EIRC investments

Those who invest $2.5 million in specific Bermuda industries, sectors, charities, or government programmes, receive residency rights.

Cayman Islands Anti-Money Laundering Surveys for Financial Service Providers 2024

The AML surveys assist CIMA in the exercise of its functions, including the collection of AML / CFT / CPF and sanctions data from FSPs.

Key Advantages of Using Cayman Islands Exempted Companies

There are no exchange control regulations or currency restrictions in the Cayman Islands

Higher Jersey savers’ rates ‘driving up mortgage costs’

During the investigation, JCC chair Carl Walker wrote to the six main mortgage providers requesting a “detailed explanation” about the elevated rates in Jersey, giving them three weeks to respond.

£1.3m in compensation awarded last year by financial ombudsman

The ombudsman, who is accountable to the States of Jersey and Guernsey, found in favour of complainants in almost half the 342 cases closed during the year.

Pensions deadline approaches for larger firms

The new rules are being phased in, with smaller companies needing to comply over the following 15 months.

Guernsey’s regulator becomes signatory to IOSCO Enhanced Multilateral Memorandum of Understanding

IOSCO's membership regulates more than 95% of the world's securities markets in some 130 jurisdictions.

Data protection fees could rise 20% for firms

However the DPA said States of Guernsey's fees would be reduced by £50,000 to £250,000 in order to reduce the cost to tax payers.

Flagstone approved as standalone Trust Company by Jersey Financial Services Commission

This approval from the JFSC recognises Flagstone International as an independent trust company able to provide services under Jersey’s regulatory framework.

BOV selects Databricks to implement state-of-the-art intelligence platform

Harnessing the benefits of data-driven decision-making

Jersey’s implementation of the OECD Pillar Two rules

The Government of Jersey has issued an update to the statement it released a year ago in relation to its plans to implement key aspects of the Pillar Two international tax reforms in Jersey.

Money market report for the week ended May 31, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Putting good corporate governance into practice

'Corporate governance has proved excellent business with hundreds of conferences but that unfortunately, it has produced loads of hollow talk, repetition and platitudes'

Regulation, Risk & Compliance