06/07/2023
Guernsey and Gibraltar data protection regulators pledge closer co-operation
It serves to cement an already strong relationship with The Gibraltar Regulatory Authority.
Regulation, Risk & Compliance
06/07/2023
Shareholders letter says BF&M warned against sale
The letter reads: “As we noted in our press release earlier today [Tuesday], BF&M is disappointed by the announcement from Camellia that it will sell its 36.9 per cent ownership interest in the company to Argus, a direct competitor.
06/06/2023
Property tax cap up 25% to hit $150,000
The $30,000 increase, which will take effect from July 1, 2023, comes swiftly behind the prior year's $60,000 jump or doubling from $60,000 to $120,000.
06/06/2023
Impact Jersey launched to provide tech funding
Through a coordinated series of grant programmes, Impact Jersey will award up to £20m to address the island’s challenges through the use and adoption of technology.
06/06/2023
Investec makes three-year time commitment to La Société
All three gave an in-house presentation to all staff who then voted for their favourite.
06/06/2023
SEC files 13 charges against Binance and Changpeng Zhao
Binance was to create 40 Bermuda jobs, at least 30 of them Bermudian and spend up to $10 million on training for Bermudians in blockchain technology development.
06/05/2023
BMA’s net income falls by nearly $8 million
The BMA’s total revenue increased by 8.98 per cent to $79.65 million, up from $73.09 million.
06/05/2023
Commodity prices expected to fall this year: Central Bank
In this regard, food prices rose 7.8 percent while transportation prices 8.6 percent.
06/05/2023
The division in monetary policy
There are significant differences between the different central banks over monetary policy
06/05/2023
Maltese ‘digital bank’ fined, months after US sanctioned one of its directors
€279,000 fine for anti-money laundering failures
06/05/2023
Guernsey funds legal and regulatory update June 2023
In view of the threshold, Pillar Two is unlikely to affect many businesses in Guernsey and those that are unaffected will continue to be subject to Guernsey's established zero-10 corporate tax regime.
06/02/2023
Channel Islands based ESH Solutions to partner with Kagool
Kagool is a Microsoft Partner that also has partnership arrangements with SAP and Salesforce platforms
06/02/2023
The Cayman Islands Government proposes amendments to the Proceeds of Crime Amendment
A notable change that is being proposed in the bill is the potential removal of the defences to committing the key money laundering offences
06/01/2023
International Data Transfers
The DPC imposed a fine of €1.2 billion on Meta Ireland
06/01/2023
Cayman Islands Issues General Licence For Payment Of Legal Fees
The increase in designations led to a concurrently sizeable increase in licence applications for the payment of legal fees
05/31/2023
Central Bank announces technical developments, upgrades for mobile wallet holders
There are currently nine approved digital wallet providers and seven active digital wallet providers.
05/31/2023
Fraudsters target Republic Bank customers, cards compromised
Many customers have discovered unauthorized charges on their bank statements, ranging from small purchases to large transactions.
05/30/2023
No digital currency mandate in Jamaica - officials
Morgan, Clarke forced to dispel claims being made by Opposition leader
05/30/2023
Finance minister refutes claims on new banknotes by opposition leader
Says new notes on schedule for mid-June circulation
05/30/2023
Are You PIPA Ready?
PIPA outlines the requirements for individuals and organisations that use personal information, as well as the rights that individuals have regarding the use of their personal information.