Managers of Wealth Offshore

Councils warn of ‘disastrous’ cuts and viability threat as inflation costs rise

The Conservative-led Local Government Association called for “adequate” long-term Government funding to protect communities.

IoD: Immediate solutions for recruitment required

Guernsey’s recruitment situation was noted as a detrimental risk to the island’s GDP and must be a focus of the current sitting States of Guernsey deputies.

The need to balance Malta’s growth agenda with Financial Crime Compliance standards

A full-house of delegates including supervisors, senior bankers, professionals, representatives from the financial services sector

Second Citizenships and Golden Passports

Help your clients flee the country—or at least gain citizenship in another—legally, and in compliance with the IRS.

Deadline for the 2022 JPF Annual Compliance Returns has been extended to 31 August

The payment date for the JPF annual fee also remains unchanged at 1 July.

Pensions holiday continues for three more months

These difficulties have been compounded by inflation, and a return to the mandatory monthly payments would have been very difficult for small businesses and low-paid workers.

Competition Authority fines JT for network failure

JT chose not to contest the fine, which was therefore reduced to £45,000, which JT has paid.

Are you transferring data legally?

The updated guidance and resources published by the ODPA has been produced to help local organisations and businesses navigate the very complex legal landscape around data transfers.

Irish Central Bank: insurance platforms must ensure suitability of senior staff

Ireland continues to be among one of the most attractive locations within the EU to establish an insurance or reinsurance intermediary (together, ‘intermediary’) platform.

Changes to fiduciary regulation in Guernsey

The regulatory regime has been revised recently: The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the Law) came into effect on 1 November 2021

Govt creating carbon credit regulatory, legislative framework

Carbon markets with high-quality carbon credits and offsets could play a vital role in helping countries with the decarbonisation of the global economy, while also providing substantial economic benefits.

Financial services account for 15% of Bahamas GDP, says Central Bank

The CBB said that data from the Bahamas’ financial services sector 2021 survey suggests that the sector continued to face headwinds

Publication of 2021 FIAU Annual Report

These changes present challenges on all levels of operations, be it intelligence, supervision and enforcement.

Harneys advises BMR Energy Ltd. on closing second tranche of its US$88 million credit facility

BMR Energy is a developer and owner of renewable energy assets in the Caribbean and Central America and is a business segment of Virgin Investments.

CSSF AML/CFT reporting tool: first reporting period approaches

This module, accessible since January for preparation and submission of AML/CFT external reports under Circular 21/788 and IFM reports under Circular 21/789, has been made available

Preparing for the PRIIPs KID for UCITS

A PRIIPs KID is a short pre-sale disclosure document aimed at providing retail investors with the information necessary to make an informed investment decision.

CSSF AML/CFT reporting tool: first reporting period approaches

Information on the availability of these reports for subsequent financial years will be provided in a dedicated CISERO FAQ.

Amnesty on undisclosed offshore assets should be for last time, says Mannan

He observed that it has become difficult to check such movement of money nowadays.

CDB devises new metric to make small states eligible for financing

Many countries in the Caribbean do not qualify for such financing since they no longer meet the GNI standards.

South Africans can get ‘retirement visas’ for these 3 countries without having to buy property

They allow applicants to continue to work remotely and, unlike the current RBI and CBI schemes, they do not require applicants to buy real estate.

Regulation, Risk & Compliance