Managers of Wealth Offshore

The Bahamas Takes A Step Closer to Compliance with all 40 FATF Recommendations

The Proceeds Of Crime Act, 2018 and The Register of Beneficial Ownership Act 2018. These amendments considerably strengthen mechanisms for enforcement.

Optimism rises for June end to Malta greylisting

Assessors need to be convinced that Malta will not let standards slide

Digicel plans to liquidate Panama business after rivals' merger approved

These initiatives included appointing an investment bank to market the business to financial and strategic parties, extensive engagement with authorities about the planned merger and proposals to migrate customers to another operator which were not taken

Nigeria, Bahamas lead CBDC race; over 80% central banks mulling over CBDC: PwC report

The 2022 PwC CBDC Global Index report highlights the major CBDC projects across the globe, sheds light on which country is leading the CBDC race.

Fitness and Probity Notice: Bringing New Retail Credit Providers in Scope

The Notice outlines proposals to expand the scope of the Consumer Protection Code 2012

JFSC: Update to Schedule 2 applications and registrations

The changes to the Supervisory Bodies Law affect Schedule 2 businesses holding a "Level 2" registration.

Maples Group Supports NIO Inc. with its Secondary Listing in Hong Kong

A team of Finance lawyers based in the Group's Hong Kong office advised NIO on the Cayman Islands legal aspects of the transaction

Understanding the significance of the zero hours contract exclusivity ban

The nature of a zero hours contract is that the individual has no guarantee that work will be provided to them

Publication of a Guidance Note on the Money Laundering Reporting Officer

The FIAU has gained insight into how certain requirements raise difficulties

Mergers between BVI companies and foreign companies

This guide examines the merger process between BVI companies and foreign companies.

Global Registration Services Market Update - Q1 2022

The Financial Services and Markets Authority has published its regulatory fees for 2022

CIMA revokes companies management licence of Imparato company

CIMA stated that RDI had also not submitted certificates of compliance for the same periods and failed to abide by the authority’s requests for documentation and information.

Lasting Powers Of Attorney Come Into Force in Guernsey

A Health and Welfare LPA will only have effect where the Grantor lacks, or the Attorney reasonably believes that the Grantor lacks, capacity.

Bermuda Mask Requirements Lifted for Most Businesses

Failure to comply with the Regulations is an offence and can result in fines and penalty tickets.

Search for Russia/Belarus assets nets $1.6B company

Bahamas looking to join ranks of Cayman with FATF compliance

BVI Voluntary Liquidations: What You Need to Know

The Maples Group's team of legal, fiduciary and fund services experts can provide a range of restructuring and liquidation services and guidance through the voluntary liquidations process for a BVI company.

The Bahamas identifies $1.6bn of sanctioned Russians assets, hopeful of FATF up-rating

We have very few accounts and structures of sanctioned persons in The Bahamas," said Campbell.

MOrsel: A Zero-Sum Game? Exclusivity and Employee Status in Jersey

This seemingly simple provision gives rise to a number of observations, starting with the definition given of a zero hours contract.

Standardized format released to support reporting on digital platform sellers

The newly released Digital Platform Information (DPI) XML Schema may be used for the reporting and exchange of information under the original scope or the extended scope of the model rules.

Interest Limitation Rules: Extended to Luxembourg EU Regulated Securitisation Vehicles

The draft law is expected to enter into force as of 1 January 2023.

Regulation, Risk & Compliance