Managers of Wealth Offshore

Cayman’s crypto crime wave

The Cayman Islands Bureau of Financial Investigation was created to meet international pressure for the island to be more proactive in fighting global financial crime.

Regulatory & Risk Advisory Review: Cayman Islands – May to July 2023

We have also included some recent articles from the wider Conyers team which provide further insight into industry trends and market news.

Registration of Foreign Companies in the Cayman Islands

Before proceeding with the registration of a foreign company in the Cayman Islands, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.

Reinstating your Jersey company, what you need to know

If the company is to “do” anything or if the shares in the company are intended to be sold, then the company must first be reinstated.

Improved trading standards law in force soon

The legislation was voted through the States in March of this year

Isle of Man bans fossil fuel heating in new buildings

Plans to move away from fossil fuel heating systems in new builds from 2025 were announced in 2020 as part of the consultation for the Climate Change Bill.

Trading Standards Ordinance to be enacted in October

Combined with proportionate enforcement powers, these provisions introduce a robust statutory framework of fair trading which will support the efficient operation of the retail marketplace, both on Guernsey and through online transactions.

Bermuda considers corporate income tax

Therefore it would be evident that Bermuda finds itself at a pivotal point and must consider how we can adapt to these impending changes to global tax rules.

AML/CFT guidance for registered directors

This guidance is being issued in draft form to allow for addressing any technical issues with the guidance which could hinder or prevent a registered director complying with their AML/CFT obligations.

Regulator puts Vesttoo collateralised insurer into liquidation

Israel-based Vesttoo, which at one point was valued at more than $1 billion, used artificial intelligence to match investors and cedants of insurance.

Saffery Champness staff member certified as ‘Carbon Literate’

The qualification gives people an insight into the science behind climate change and how businesses can mitigate their impact on the environment.

Ariel Re increases cyber capability with expanded partnership

This enables us to communicate more effectively with all stakeholders

The new JFSC outsourcing policy: are you in scope?

The Policy will apply to a broader range of regulated entities and includes updates to take account of Jersey’s evolving regulatory framework.

The countdown is on! An update on the new Guernsey Discrimination Law

The guidance notes are easily accessible on the Employment and Equal Opportunities Service website and this update is intended to serve as a brief overview of what's addressed and what employers need to be doing to ensure that they are ready.

From the Bench: When a creditor challenges a debtor's acts as fraudulent

Companies' restructuring, change of ownership and transfers impacting loan conditions

Appleby Continues to Expand Its Asia Offering

Hannah is a native Mandarin speaker and fluent in English.

Premier asks banks to do more to protect borrowers

The US prime rate, which local banks adopt as the Cayman Islands’ lending rate, is 3% above the Federal Reserve Rate – so is now at 8.5%.

Distillery law could help create new jobs, says Gosling’s

Mr Gosling said that right now Gosling’s rums are distilled overseas and shipped into Bermuda to be aged and blended.

CIMA’s rules and statements of guidance – update 2023

The Rules apply to various types of regulated entities in the Cayman Islands, rather than just regulated funds.

Shake-up at the top of Vesttoo over growing scandal

But a brewing scandal, which has brought an FBI investigation could lead to the ouster of company co-founders.

Regulation, Risk & Compliance