07/04/2025
Stop, think twice and protect yourself from fraud
Scammers are using AI to fake voices, emails, and websites that can be hard to spot from the real thing.
Regulation, Risk & Compliance
07/03/2025
URCA moves to tighten financial oversight of power providers with new accounting guidelines
The draft guidelines mark a significant milestone in URCA’s effort to improve transparency, fairness, and financial accountability across the industry.
07/03/2025
CRS 2.0 amendments to the OECD’s Common Reporting Standard
Given Guernsey’s mature legal and regulatory system, service providers in the Island are able to adapt their systems to deal with data collection
07/03/2025
Bank liquidity jumps $44 Million in May amid weaker reserves, slower currency outflows
The Central Bank’s latest monetary sector data showed that broader liquidity, captured by excess liquid assets, also expanded by $33.5 million to $3.18 billion—reversing a $6.2 million decline in May 2024.
07/03/2025
Financial analysis: Reduction in free float
Amendments to the Listing Directive that will hopefully be transposed shortly in Malta, are a step in the right direction
07/03/2025
Establishing a BVI Approved Manager: Key Considerations
The BVI’s Approved Managers Regime offers a streamlined, cost-effective regulatory framework designed for qualifying investment managers and advisers
07/02/2025
Guernsey reinforces its position as a secure, forward-thinking jurisdiction for crypto innovation
Since then, the jurisdiction has continued to support forward-thinking strategies in the crypto space, always underpinned by appropriate regulation.
07/01/2025
Equity and debt capital markets: the Caribbean advantage
BVI and Cayman companies are accepted by institutional and private investors
07/01/2025
CIIPA CEO shares AML expertise at Caribbean accounting conference
The delegation participated in the ICAC Presidents’ Gala, celebrating the Caribbean’s shared progress and partnerships in the accountancy field. CIIPA
07/01/2025
Cayman’s minimum wage begins in January 2026
The Cayman News Service reported on answers emerging from question time in Parliament
06/30/2025
UK reforms AML rules for business services
The government says these firms are vital not only to the UK economy but to its reputation as a trusted global business hub.
06/30/2025
CAF Consolidates its support for the Caribbean with Major Approvals for The Bahamas, Barbados, Saint Lucia and Antigua and Barbuda
Board meeting in Seville sees historic loan to The Bahamas, approval of the issuance of Series C shares to Saint Lucia and Antigua and Barbuda, Barbados’ elevation to full membership status, and Trinidad and Tobago chairing the Board for the first t
06/30/2025
New wave of regulatory innovations enhances Guernsey funds offering
The changes include updates to the Private Investment Funds regime, Prospectus Rules and a new application portal.
06/30/2025
Aspiring Advocates to receive bursary boon from Bar Council
A successful applicant for the bursary will receive payments for two years covering the course fees and materials for Guernsey Bar
06/30/2025
CIG to roll out $8.75/hour basic wage in New Year
Myles told Bryan in a follow-up question that the rollout would not be different for the tourism industry.
06/27/2025
Governor calls for campaign finance reform
The governor said the government would be focused on the mental health and overall well-being of the community.
06/27/2025
Appleby acted as Bermuda counsel to Triangle Life
Appleby acted as Bermuda counsel to Triangle Life, which has secured its next stage of growth investment with some notable investors including Aspida Holdings Ltd. and BroadRiver Asset Management L.P.
06/26/2025
The British Virgin Islands and the FATF “Monitoring List”
The BVI’s addition to the Monitoring List should not impact any existing representations or commitments made by tax authorities
06/26/2025
Simplified Due Diligence in Bermuda
Simplified Due Diligence (SDD) and Reduced Due Diligence (RDD) are legally permitted and regulatory-endorsed tools under Bermuda’s Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008.
06/26/2025
Important Update for BVI Companies: Expiration of 9 Month Extension for Filing Initial Annual Financial Returns
Accordingly, initial annual returns that were originally due by 30 September 2024 must be filed by 30 June 2025.