01/03/2024
Guernsey publishes strategy on combatting financial crime
Guernsey has carried out its second NRA of the money laundering and terrorist financing risks presented by individual sectors and products within the jurisdiction.
Regulation, Risk & Compliance
01/02/2024
Bermuda gets UK green light on CARICOM membership application
Deputy Premier Walter Roban says Bermuda is researching and exploring all that is needed to make a full application and that Britain will be consulted at every step before the application is submitted.
01/02/2024
Adaptation finance and the circular economy among top topics for Guernsey at COP28
A further event saw a group of Guernsey’s sustainability leaders joining forces for a panel session on Guernsey’s pioneering waste strategy and wider circular economy model at the Island of Hope event.
12/29/2023
3G switch-off in Channel Islands planned by JT
The company said the move would help it to reduce its carbon footprint because 4G and 5G were more energy efficient.
12/28/2023
FIHL board authorises $50m share repurchase programme
Fidelis said the programme may be suspended or discontinued by the board of directors at any time.
12/28/2023
Seychelles to Introduce Framework for Regulation of Virtual Assets and Virtual Asset Service Providers
A licence shall be required for VA Wallet Providers, VA exchanges, VA Broking, VA Payment Providers and VA Investment Providers operating in or from Seychelles.
12/28/2023
Challenges of Taking Security over the Shares of a Licensed Insurer
As the result of the market-leading position of our insurance practice, we have had the chance to advise on many of the more complex deals in the market
12/28/2023
Flow, Digicel talk compliance with new data protection law
The telecommunications companies were chastised in prior years for numerous spam calls and texts for promotional items, triggering calls for greater protection of data collected.
12/27/2023
BMA revokes registration of Vesttoo fund
The BMA noted that the fund did not appeal the decision.
12/27/2023
CIBC Continues To Warn Customers Of Emails From Fake Vendors
Fraudsters use slight variations on legitimate addresses to fool victims into thinking fake accounts are authentic.
12/22/2023
BVI Court Freezes Three Arrow Founders' Assets
Following its collapse in 2022, Singapore-based 3AC filed for bankruptcy in the British Virgin Islands with local courts appointing Teneo as its liquidator.
12/22/2023
Carey Olsen increases market share as leading legal adviser to Guernsey funds industry
The Report found that fund assets serviced in Guernsey stood at US$517.5 billion at the end of June 2023.
12/22/2023
Paperless Listing Regime and Mandatory Electronic Dissemination of Corporate Communications
In such circumstances, amendments would need to be made to a listed issuer’s current bye-laws or articles of association for compliance with the paperless listing regime.
12/22/2023
Guernsey relaxes two-year rule to support employment challenges
As part of its work to deliver on the ambitions of the Population and Immigration Policy Review agreed by the States Assembly
12/22/2023
BMA puts R&Q legacy transactions on hold
The deal, which required shareholder and regulatory approval and was expected to close in the first half of 2024
12/21/2023
BOV sells chunk of non-performing loans for €26 million
Bank of Valletta sells portfolio of 707 non-performing loans to third-party acquirer
12/21/2023
FTX Trading Ltd reaches global settlement agreement with Bahamian liquidators
In a collaborative effort, FTX and FTX Digital Markets have decided to pool their assets and align their methods for assessing customer claims.
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/21/2023
Guide to Gambling Law in the Isle of Man 2024
Casino gaming is regulated by the Casino Act 1986 (CA 1986).
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.