Managers of Wealth Offshore

DBRS Morningstar issues positive rating on Bermuda

The organisation said the positive trend reflects Morningstar DBRS's view that Bermuda's steady improvement in public finances and robust growth outlook will likely reduce credit risk.

Teneo appointed as JPLs of R&Q Insurance Holdings

The company said it has no intention of appointing a replacement nominated adviser.

MFSA fines tripled last year over 2022

The regulator issued almost half a million worth of fines last year

Building bridges, not barriers: setting up Cayman trusts to minimise conflicts

Cayman Islands trusts are known to be backed by extensive legislation

The proceeds of crime law and unregulated trustees

The additional obligations are set out in schedule 10 of the Proceeds of Crime Law

Money market report for the week ended June 21, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Zintego receipt generator: Tips for creating effective payment terms

Powerful tool designed to streamline the creation and management of receipts

Navigating the workers compensation claims process

Financial awards may cover medical care, lost wages, and disability

R&Q files for liquidation

R&Q was then forced to strike a stand-still deal with creditors in late April.

Guernsey’s Data Protection Authority publishes 2023 Annual Report

The Annual Report highlights the excellent achievements realized in 2023, as we progress towards a vision of Guernsey as a model for the global data protection community

Labour Management System to officially launch July 1

The digitized system already recorded testimonials from employers in its pilot phase, praising its efficiency and convenience.

BVI Annual Returns: Preparation for Upcoming Deadline – 30 September 2024

For companies with other ﬁnancial year-ends, the ﬁling must be made no later than 9 months after the relevant year-end.

BMA cracks down on life insurers’ investments

Insurers will now have to seek its prior approval for new investments of this type and will have to demonstrate that they are an appropriate match for their liabilities.

Ontario tribunal rules against Arbitrade Bermuda

Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.

Government’s Asia office opens on 26 June

In addition to the official opening the deputy premier will attend the Financial Action Task Force Plenary in Singapore

First deputy governor Donovan Ebanks to get official farewell

Ebanks first joined the Public Works Department in 1975.

Ogier Global obtains CSSF licence to expand European fund administration offering

With the newly acquired CSSF licence, Ogier Global is equipped to provide an expanded suite of fund administration solutions to its global clientele.

BMA registers three insurers

The island’s financial services regulator has also registered four intermediaries.

R&Q to file for provisional liquidation

R&Q announced it had agreed to sell Accredited for $465 million to Onex in November.

DoT cuts deals worth $12.3M with US agencies

The two contracts are worth over CI$12.3 million to showcase this destination and attract more visitors from North America and other parts of the world.

Regulation, Risk & Compliance