10/09/2023
ICYMI: RIPL offence max sentence increased to five years
Failure to comply with the notice used to lead to a possible maximum sentence of two years.
Regulation, Risk & Compliance
10/06/2023
Ocorian completes acquisition of Asia-Pacific Accounting & Secretarial Services (A-Pass)
This acquisition adds scale to Ocorian’s existing business in Asia creating a combined business with the ability to serve a broader range of clients’ requirements.
10/03/2023
The Prevention of Discrimination (Guernsey) Ordinance, 2022
Where a person with a protected ground is employed to do work that is equal to that of a comparator
10/03/2023
'Banks should consider worker exploitation when deciding on credit' - BOV banker
Flores was among a panel of experts discussing the social element of ESG
10/03/2023
Proposed Amendments to the Cayman Islands Beneficial Ownership Regime
The Bill demonstrates the Cayman Islands’ continuous efforts in adopting the changing international standards for anti-money laundering and countering terrorist financing.
10/02/2023
Central Bank Governor outlines five-part strategy for sustainable economic expansion
He identified the Blue Economy, a digital Caribbean, green energy transition, an agri-revolution and intensifying regional integration as the pillars on which his model is anchored.
10/02/2023
Scotiabank exec touts Bahamas-based trust as a solution for modern wealth management
According to Stubbs, the complexity associated with these new rules and requirements has caused many Latin Americans to turn to the USA as the preferred jurisdiction for trust and estate planning.
09/29/2023
Anti-discrimination law comes into force on Sunday
In 2018, the States of Guernsey unanimously agreed to extend this to the development of proposals for a piece of legislation to cover multiple grounds of protection.
09/29/2023
BMA issues discussion paper on climate risk disclosure
The BMA said the pillars are designed to support companies in considering, integrating and reporting on climate risks and opportunities.
09/29/2023
New corporate governance framework for Cayman managers and funds
CIMA’s Rules impose binding obligations on regulated fund entities and violations may result in administrative fines or regulatory actions.
09/28/2023
Preparing for the Guernsey MONEYVAL Assessment in 2024
The Guernsey Financial Services Commission are due to start reaching out this week to the sixty licensees whose names will be put forward to MONEYVAL for visits in April 2024.
09/28/2023
MFSA hosts EC TAEIX-TSI workshop on sustainable finance disclosure and reporting
Workshop brings together various experts
09/28/2023
New Shared Equity Scheme For First-Time Buyers In Jersey Announced
It is envisaged that up to 60 households will benefit from this scheme.
09/28/2023
Perez start-up to buy compliance consultant
BCCL will be rebranded as Nascent Advisory Services Ltd.
09/28/2023
Temporary exemption for registered and licensed employees to take second job extended
This measure helps businesses secure extra staff and facilitates the best use of workers already in the Island.
09/27/2023
New Rules on Corporate Governance and Internal Controls: Deadline of 14 October 2023 to Demonstrate Compliance
Insurers should also review their reinsurance arrangements and strategy against the revised Rule and Statement of Guidance on Reinsurance Arrangements, which comes into effect in May 2024.
09/27/2023
Cyber attack: Restoration of hacked computer service may take time
This will assist in standing up government services and providing access to those services for the public.
09/27/2023
Finance Committee: $68 Million in Extra Expenditures Authorized for Q4
It was noted that the “approval of these items by Finance Committee will now enable these items to form part of a Supplementary Appropriation Bill for the 2023 financial year
09/27/2023
Jersey's finance sector scrutinised to ensure compliance with international rules
There is also a 'black list' for countries designated as 'high risk'.
09/27/2023
Regulator reminds directors to register for new scheme
Those who qualify and register must comply with the third and fifth schedules of the Proceeds of Crime Law