Managers of Wealth Offshore

Beyond the Betrayal: Navigating Strategies for Victims of APP Fraud

If it fails to do so, it will have breached its duty of care to its customer and be liable for any loss suffered.

Chambers Insurance & Reinsurance Guide 2024: Bermuda

Insurers in Bermuda should also be aware of the provisions of the Life Insurance Act 1978

BVIFARS Portal - Live January 2024

Starting 1 June 2024, payment must be made by 1 June each year through the BVIFARS portal by direct debit, Visa, ATH or Master Card.

Annual Financial Statements and Report show improvement in asset position

The balance sheet shows an improvement in the overall asset position compared to the previous year.

EU Removes the Cayman Islands from EU AML List: Considerations for Clients

The Regulation will come into force on 7 February 2024, resulting in the official de-listing of the Cayman Islands from the EU AML List on such date.

Court delays hamper FIAU's fight against money laundering

Courts often fail to explain reduced fines

BMA issues warning over Bitzelex Global

The authority maintains a list of all regulated entities, which can be found at www.bma.bm/regulated-entities.

Crown Dependencies Retain Data Protection Adequacy Status

The adequacy decisions under review were initially made on the basis of data protection legislation preceding the GDPR

BMA warns against unlicensed crypto trader

The Authority maintains a warning list to inform the public and maximise the deterrent effect.

Guernsey's data protection laws deemed safe by EU

Deputy Neil Inder, president of the Committee for Economic Development said being recognised as a safe and secure place to do business was "a significant marker".

Government apprenticeship scheme passes ILO standards

The recent legislative milestones further solidify our dedication to fostering diversity and inclusion.

Central Bank of Ireland Letter on 2022 ESMA Common Supervisory Action on Asset Valuation

The Letter should be brought to the attention of the boards of FMCs and appropriate action taken without delay.

PolicyStreet Granted Takaful Operations Authorization by Labuan Regulator

The Takaful industry in Malaysia is experiencing rapid growth

New data protection guidance published as registration and renewal window opens

The annual registration window is now open and the ODPA would like to remind all organisations to review and renew their existing registration before the end of February.

Protecting the vulnerable from financial abuse

Elder abuse and oppression of the vulnerable is on the rise.

Guernsey Finance and DIFC Collaborate to Unlock Dynamic Economic Growth

The agreement will also strengthen the relationship between the two international financial centres (IFCs) and enhance commitment to global collaboration.

World Bank Supports Saint Lucia’s Fiscal And Green Reforms For Sustainable Recovery

The COVID-19 pandemic had significant impacts on Saint Lucia’s economy, leading to a rise in public debt and poverty.

Over 1,000 people waiting for PR and status decisions

Despite these multiple problems with Cayman’s immigration system, the government continues to claim that it is working on immigration reform.

Saffery Trust celebrates 95% staff retention rate

The private client firm opened its first international office in Guernsey in 1977 and now employs over 120 staff across four jurisdictions.

Central banks should be fighting climate crisis

If central banks can use negative interest rates to save banks during COVID, they can use such tools to save people and the planet in the climate crisis

Regulation, Risk & Compliance