05/22/2023
Compre’s Pallas Re buys SUNZ workers’ comp book
The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.
Regulation, Risk & Compliance
05/19/2023
Total Solutions Group achieves software provision certification
This certification underpins the company’s commitment to ensuring operational best practice and information security management across the solutions it delivers
05/19/2023
BVI Annual Return
The annual return takes the form of a simple unaudited balance sheet/statement of financial position and an income statement.
05/19/2023
Island Development Plan review
The IDP is valid for 10 years
05/18/2023
Cayman AEOI: What Investment Managers Need to Know about FATCA and CRS Reporting
The Maples Group has deep experience in providing up-to-the-minute legal advice and financial services solutions that support compliance with regulatory requirements under AEOI.
05/18/2023
CIMA Updates and Extends the Scope of Its Corporate Governance Guidance
As a leading global fund domicile, the Cayman Islands continues to enhance its regulatory regime
05/18/2023
French SCPIs Investing in Irish Property
SCPIs, as non-Irish entities, may wish to consider whether their Irish tax treatment compares less favourably to a comparable Irish fund.
05/18/2023
Bahamian Banks and Trust companies excel in compliance study
Shadow shopping is a methodology whereby researchers simulate attempts to engage in illicit finance under natural conditions in order to observe the response of regulated firms.
05/17/2023
Five new insurers registered in April
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
05/17/2023
Central Bank reveals nearly $90 million in dormant bank accounts.
The legislation that governs dormant accounts was changed back in 2018
05/17/2023
Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth
If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.
05/17/2023
The Vice President Reaffirms Administration’s Commitment to Promoting Private-sector Organisations
Highlighting the ever-evolving nature of the world, the Vice President stressed the need to leverage innovation and introduce new ideas and enterprises to help the growth and diversification of the economy.
05/17/2023
Local banking sector remains stable amidst ongoing challenges
The BSI shows that banking stability within the monetary union peaked in December 2022, despite growing global macro-financial risks.
05/16/2023
Crypto companies flee US troubles to balmy Bermuda
The act was instrumental in setting up a licensing body for issuing, as well as selling and redeeming digital assets.
05/16/2023
New requirements for re/insurers
Any such requirement must take into account the nature, scale, complexity and risk profile of the insurance business
05/16/2023
Maldives signs USD40 M agreement with Saudi Arabia
Maldives signs USD40 million agreement with Saudi Arabia to establish SME Impact Fund
05/15/2023
The Silicon Valley Bank (SVB) debacle
Based on its main client type, deposits held there were typically above the maximum.
05/15/2023
‘Act now’ to help Islanders with costs
Reform Jersey’s Deputy Raluca Kovacs said that the States decision last year to reject her proposition to remove GST from food was a ‘missed opportunity’ to help those most in need.
05/15/2023
An overview of investment funds and asset protection in the British Virgin Islands (BVI) and the Cayman Islands
Both jurisdictions offer a wide range of investment products and services
05/12/2023
Irish Court of Appeal gives significant ruling for lenders and funds in enforcing security
Borrowers should now be aware that liens registered pursuant to Section 73 can secure loan agreements or advances made after 31 December 2006.