Managers of Wealth Offshore

Labour Management System to officially launch July 1

The digitized system already recorded testimonials from employers in its pilot phase, praising its efficiency and convenience.

BVI Annual Returns: Preparation for Upcoming Deadline – 30 September 2024

For companies with other ﬁnancial year-ends, the ﬁling must be made no later than 9 months after the relevant year-end.

BMA cracks down on life insurers’ investments

Insurers will now have to seek its prior approval for new investments of this type and will have to demonstrate that they are an appropriate match for their liabilities.

Ontario tribunal rules against Arbitrade Bermuda

Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.

Government’s Asia office opens on 26 June

In addition to the official opening the deputy premier will attend the Financial Action Task Force Plenary in Singapore

First deputy governor Donovan Ebanks to get official farewell

Ebanks first joined the Public Works Department in 1975.

Ogier Global obtains CSSF licence to expand European fund administration offering

With the newly acquired CSSF licence, Ogier Global is equipped to provide an expanded suite of fund administration solutions to its global clientele.

BMA registers three insurers

The island’s financial services regulator has also registered four intermediaries.

R&Q to file for provisional liquidation

R&Q announced it had agreed to sell Accredited for $465 million to Onex in November.

DoT cuts deals worth $12.3M with US agencies

The two contracts are worth over CI$12.3 million to showcase this destination and attract more visitors from North America and other parts of the world.

Regulator tells local banks to do better!

The Commission expects to see a marked improvement in the market conduct of banks

Regulator tells local banks to do better!

People have expressed that banks have very archaic with inefficient systems for simple day-to-day transactions like cheques and payment processing.

BMA to bolster legislation that governs corporate service providers

ECB rate cuts not a linear downward path, Lagarde says

UK unemployment rises in April to 4.4%, its highest level since September 2021

BOJ to cease exchange of CAD, GBP, and EUR coins

This operational hurdle has rendered it increasingly difficult for the Bank to derive value from the exchanged coins.

FTX Bahamas customers given mid-August claims deadline

The US Bankruptcy Court is scheduled to hear the Chapter 11 Debtors’ Reorganisation Plan on June 25th.

It is extremely difficult to get information out of a body that regulates the Island’s finance industry, our biggest employer

In the UK, fellow journalists and I use the FoI Act often: including to request information from the Financial Conduct Authority (FCA), the regulatory body for the finance industry.

Regulation, Risk & Compliance

Labour Management System to officially launch July 1

BVI Annual Returns: Preparation for Upcoming Deadline – 30 September 2024

BMA cracks down on life insurers’ investments

Ontario tribunal rules against Arbitrade Bermuda

Government’s Asia office opens on 26 June

First deputy governor Donovan Ebanks to get official farewell

Ogier Global obtains CSSF licence to expand European fund administration offering

BMA registers three insurers

R&Q to file for provisional liquidation

DoT cuts deals worth $12.3M with US agencies

Regulator tells local banks to do better!

Regulator tells local banks to do better!

BMA to bolster legislation that governs corporate service providers

ECB rate cuts not a linear downward path, Lagarde says

BOJ to cease exchange of CAD, GBP, and EUR coins

FTX Bahamas customers given mid-August claims deadline

It is extremely difficult to get information out of a body that regulates the Island’s finance industry, our biggest employer

ODPA moving closer to the centre of Town

Access to beneficial owner information of companies registered in Jersey is changing

Be Prepared: Key Cayman Islands Voluntary Liquidations Deadlines and Dates to Consider