Managers of Wealth Offshore

Update: CIMA regulated fund filings

Funds with financial year ends falling subsequent to 31 December 2022 are still obligated to file their audited financial statements

Michael Martin serves great leadership in strengthening of St Kitts and Nevis CBI

Michael Martin- the Citizenship by Investment Unit of St Kitts and Nevis has been working to strengthen the programme to retain its position in the investment industry.

Confederation of Guernsey Industry warns population law is ‘damaging Island way of life’.

Businesses affected by this are struggling as the staff they employ are classed as unskilled, but they are not.

Revised AML Guidance Notes on e-KYC and Remote CDD / Ongoing Monitoring

The amendments support FATF-issued guidance on digital identification and provide for remote onboarding of clients and the use of e-KYC and digital ID technologies on an ongoing basis, where appropriate based on the risk assessment of clients.

GFSC puts risks posed by PEPs under microscope

THE way that Guernsey financial services firms manage the risk posed by politically-exposed persons, known in the industry as PEPs, has been under the microscope of the Guernsey Financial Services Commission.

Employers: are you keeping track of your workplace pension?

This figure will increase over the next five years with the widening scope of auto-enrolment and pay rises pushing up contributions.

Conduit Re installs Phinsys systems

Phinsys software enables insurers to conform data from multiple disparate systems into a single, scalable finance data warehouse

Asian Captive Conference 2023: The Connected Risk Journey in Self-Insurance

Steering the risk journey in an ever-shifting captive landscape

Vesttoo uncovers conspiracy at executive level

This comes in the wake of the company filing a first interim report with the United States Bankruptcy Court for the District of Delaware.

Director Registration Regime

Details on the regime which explain who should register, the application process for registering and the regulatory obligations upon them are available through the Director Registration Regime page.

Review into Guernsey's banking sector under way

A review into Guernsey's banking sector is under way

C-Bank Governor Says The Big Three Commercial Banks “Too Big To Fail”

These are systemically important financial institutions within the Belizean economy.

Interplay between the application of competition and data protection rules

National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions

MOrsel: Discrimination update – Guernsey's new framework now imminent

The guidance explains that employers will be vicariously liable for the acts of their employees even if they were done without their knowledge or approval

Amendments to the BVI Business Companies Act

The BVI Registry has increased its incorporation and annual renewal fees.

Proposed changes to the beneficial ownership regime in the Cayman Islands

These bills are expected to be presented at a meeting of Parliament anticipated for the fourth quarter of this year.

Bahamas needs long-term financial planning to address climate vulnerability: UN expert

Waris noted that the Bahamas’ high-income status limits its access to international financial institution loans and development aid.

Cayman Islands licenses eight new Q2 captives

The statement comes after the release of licensing statistics for the second quarter of 2023.

Final FATF onsite visit key to Cayman’s ‘de-listing’

The Joint Group completed a comprehensive review of the final three recommended actions of the FATF’s action plan for Cayman.

New Cayman Islands Bill proposes to expand beneficial ownership register

It is intended to fulfil the commitment made by the Cayman Islands in 2019 concerning the introduction of public registers of beneficial ownership information.

Regulation, Risk & Compliance