Managers of Wealth Offshore

Central Bank flags ‘DSJ Exchange’ as fraudulent investment scheme

According to the Central Bank, these claims are designed to deceive individuals into depositing funds that are ultimately misappropriated.

BMA softens ESG disclosure plans

In response, the BMA said it has revised its approach, moving away from prescriptive requirements towards a more flexible framework.

Guernsey regulator warns over fake documents linked to advance fee fraud scheme

The regulator said steps are being taken to close the associated offending websites

Cayman Islands’ Grand Court gains new pre-action discovery powers

Until now, obtaining documents from a non-party required filing a subpoena duces tecum – a formal court order that could only be enforced once a trial was under way.

Record reinsurer capital drives double-digit pricing cuts, report says

The Cayman Islands’ reinsurance sector has kept pace with these developments

Central Bank cracks down on misuse of resident foreign currency accounts

The Central Bank also underscored that the delegated authority granted to commercial banks applies strictly to bona fide external transactions where payment is to be made outside The Bahamas.

Jersey Mutual Insurance Society (Transfer) (Jersey) Law 2026 now in force

The Law enables the transfer of the entire business of Jersey Mutual to Jersey Mutual Insurance Society Limited

Verdant Rock receives BMA nod to register

It will be a Bermudian-based financial guarantee platform focused on emerging markets.

Take privates of listed groups with a Guernsey captive insurer – key points

This sustained success has translated into a steady flow of instructions for us of transactions involving Guernsey insurance structures, particularly captive insurers.

Accessing beneficial ownership information in the BVI: the new "legitimate interest" regime

The purpose of this legislative update is to ensure the BVI remains a leading and compliant jurisdiction, while also protecting privacy of individuals.

Cayman changes visa requirements for nationals from four regional countries

The amended regulations will come into effect on Thursday, 2 April.

Jersey's simplification agenda: new Control of Borrowing Order and Registry changes

Part of Jersey's regulatory landscape since 1958, it will shortly be repealed in favour of a modernised regime.

No T-bill investments that violate risk guidelines set by BML’s board: Shareef

This is an MVR 6 billion increase from 2024.

Commission seeks views on Cayman’s common law forfeiture rule

The paper titled, ‘The common law forfeiture rule: A case for legislative intervention’

Cayman’s new immigration laws to take effect on 1 May

The ministry and WORC are also ensuring that full support capacity is in place from the moment the system goes live.

CIMA seeks centralised platform to track enforcement actions

CIMA has set a target delivery date of the end of October.

Custodian Life director barred from insurance sector

Court filings show the BMA has lost confidence in efforts to restructure or sell the insurer.

Foreclosure rules overhauled to protect Cayman Islands homeowners

The amendments also address what was described as a significant gap in the previous framework.

Cayman government to dissolve Auditors Oversight Authority

The bill also includes provisions to validate prior decisions of the AOA board, providing clarity and confirmation of prior regulatory actions.

Privy Council ruling expands powers of trust protectors

The court emphasised that the extent of a protector’s powers depends on the wording of the trust instrument.

Regulation, Risk & Compliance