03/27/2023
By way of background, the Amendments to the Bermuda investment business regime widened the Authority's scope of supervision over investment businesses and as a result, new categories of registered persons were introduced.
03/27/2023
The CSA consisted of three distinct phases comprising the issuance of a qualitative and quantitative questionnaire to UCITS management companies ("UCITS Mancos"), a desk based review and virtual inspection calls.
03/24/2023
The monies came from Alameda Research, the private trading vehicle owned by FTX co-founder Sam Bankman-Fried, whose investments were heavily financed by funds misappropriated from the crypto exchange’s clients without their knowledge.
03/23/2023
In 2020 the FATF revised its Standards to require countries, financial institutions, designated non-financial businesses and professions and virtual asset service providers to identify, assess, understand and mitigate their PPF risks.
03/23/2023
The Guernsey Competition and Regulatory Authority (GCRA), in line with similar bodies, looks to review the benefits of its role in the market post its interventions.
03/22/2023
Extensive engagement has taken place in order to develop a simplified, proportionate and more sustainable funding model that aligns with international best practice, while being mindful of the Island’s competitive position.
03/21/2023
However, before his death in 2015, Perry transferred the company into a Liechtenstein discretionary trust, in which neither his wife nor daughter had a proprietary interest.
03/20/2023
It also received a commendation for the wide range of topics discussed, the diversity of the guests, and the inclusion of citizens from across the Eastern Caribbean Currency Union (ECCU) in the programs.