09/12/2023
Confederation of Guernsey Industry warns population law is ‘damaging Island way of life’.
Businesses affected by this are struggling as the staff they employ are classed as unskilled, but they are not.
Regulation, Risk & Compliance
09/11/2023
Revised AML Guidance Notes on e-KYC and Remote CDD / Ongoing Monitoring
The amendments support FATF-issued guidance on digital identification and provide for remote onboarding of clients and the use of e-KYC and digital ID technologies on an ongoing basis, where appropriate based on the risk assessment of clients.
09/11/2023
GFSC puts risks posed by PEPs under microscope
THE way that Guernsey financial services firms manage the risk posed by politically-exposed persons, known in the industry as PEPs, has been under the microscope of the Guernsey Financial Services Commission.
09/11/2023
Employers: are you keeping track of your workplace pension?
This figure will increase over the next five years with the widening scope of auto-enrolment and pay rises pushing up contributions.
09/08/2023
Conduit Re installs Phinsys systems
Phinsys software enables insurers to conform data from multiple disparate systems into a single, scalable finance data warehouse
09/08/2023
Asian Captive Conference 2023: The Connected Risk Journey in Self-Insurance
Steering the risk journey in an ever-shifting captive landscape
09/08/2023
Vesttoo uncovers conspiracy at executive level
This comes in the wake of the company filing a first interim report with the United States Bankruptcy Court for the District of Delaware.
09/07/2023
Director Registration Regime
Details on the regime which explain who should register, the application process for registering and the regulatory obligations upon them are available through the Director Registration Regime page.
09/07/2023
Review into Guernsey's banking sector under way
A review into Guernsey's banking sector is under way
09/07/2023
C-Bank Governor Says The Big Three Commercial Banks “Too Big To Fail”
These are systemically important financial institutions within the Belizean economy.
09/06/2023
Interplay between the application of competition and data protection rules
National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions
09/06/2023
MOrsel: Discrimination update – Guernsey's new framework now imminent
The guidance explains that employers will be vicariously liable for the acts of their employees even if they were done without their knowledge or approval
09/06/2023
Amendments to the BVI Business Companies Act
The BVI Registry has increased its incorporation and annual renewal fees.
09/06/2023
Proposed changes to the beneficial ownership regime in the Cayman Islands
These bills are expected to be presented at a meeting of Parliament anticipated for the fourth quarter of this year.
09/05/2023
Bahamas needs long-term financial planning to address climate vulnerability: UN expert
Waris noted that the Bahamas’ high-income status limits its access to international financial institution loans and development aid.
09/05/2023
Cayman Islands licenses eight new Q2 captives
The statement comes after the release of licensing statistics for the second quarter of 2023.
09/05/2023
Final FATF onsite visit key to Cayman’s ‘de-listing’
The Joint Group completed a comprehensive review of the final three recommended actions of the FATF’s action plan for Cayman.
09/05/2023
New Cayman Islands Bill proposes to expand beneficial ownership register
It is intended to fulfil the commitment made by the Cayman Islands in 2019 concerning the introduction of public registers of beneficial ownership information.
09/05/2023
Guernsey Funds Statistics
The following charts provide an overview of the composition of the Guernsey funds industry.
09/04/2023
Standard Chartered’s global parental leave benefit drives inclusion
The enhanced benefits have been designed to support working parents.