Managers of Wealth Offshore

Snapshot: obtaining indemnity costs against a litigant in Jersey

Ogier successfully appeared for BDO and Creditforce, and obtained an indemnity costs order against a trustee previously found to have misappropriated trust assets.

Deloitte holds top funds position

The latest results from the Jersey Financial Services Commission, report the net asset value of regulated funds under administration in Jersey, stood at £440.1bn at the end of Q3 2021.

New Charities Law to be introduced in Guernsey

Guernsey is introducing legislation to regulate the charitable sector.

Apex Group continues relationship with Aizawa Asset Management for latest secondary fund

This announcement is the latest in a series of high profile appointments for Apex in the thriving Japanese alternative investment market

Additional liquidator appointed to mitigate conflicts of interest in the winding of a Cayman SPC

The Grand Court's decision on the application helpfully sets out how recoveries

Pandora Papers shed light on ‘gatekeepers’ of dirty money

MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.

IMF Executive Board Concludes 2022 Article IV Consultation with The Bahamas

International reserves remain at a comfortable level, boosted by the IMF’s new general allocation of SDRs last year.

Leading BVI academic weighs into controversy over UK direct rule

"We are committed to the decolonisation of the Caribbean and deplore the persistence of colonial rule of the people in the region.

Flagstone receives regulatory approval in Jersey for new international arm

Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.

Jersey lists sovereign bond on TISE

Jersey has listed a new £500 million government bond on The International Stock Exchange (TISE).

Outsourcing Cayman Islands AML/CFT compliance obligations

This guide provides a practical overview of the relevant steps and considerations which should be borne in mind when a financial service provider plans to outsource, or is reviewing existing outsourcing arrangements relating to the performance of an AML/C

Bankruptcy & restructuring in the Cayman Islands 2022

Despite the global economic challenges arising from the coronavirus (COVID-19) pandemic, we have not seen a rise in pre-2020 insolvency and restructuring activity.

MFSA issues Guidance Note on calculation of administrative penalties

The authority said it considers the size and financial strength of the licence-holder or person carrying out unauthorised licensable activities, in order to ascertain that the administrative penalty does not cause disproportionate financial distress.

Limited action to Fed Funds rate hike, so far

Bermuda Commercial Bank and HSBC Bermuda have both continued to deliberate on their course of action.

Joint consultation with Government of Jersey on facilitating the adoption of Digital ID Systems

Over the past seven years, we have taken a number of steps to support businesses in making the process of collecting customer due diligence more efficient

Bermuda report - Q1 2022

Effective 1 April 2022, these Regulations amend certain fees payable in the electricity and electronic communications sectors.

Enhancing Sustainable Finance in the Bailiwick

Together the Guernsey Green Fund and Natural Capital Fund are designed to provide Guernsey funds with a choice of complementary sustainability designations based on international standards.

UNACCEPTABLE: Non-compliance drives tax arrears close to $1B

“More than 70 percent of property owners have had significant arrears and we are actively trying to collect those.”

Amendments to the Limited Partnerships (Jersey) Law 1994

The Amendment Law is primarily designed to modernise and clarify aspects of the Jersey LP Law

Jersey commits to climate change by signing Paris Agreement

The UK’s climate obligations under the Agreement will, therefore, also now include Jersey and its territorial waters.

Regulation, Risk & Compliance