Managers of Wealth Offshore

Public Notice: Cayman Finance warns about Facebook scam

Stay vigilant and verify investment opportunities

BMA takes first step towards bank-failure regime

The Ministry of Finance designated the BMA as resolution authority for the three types of institutions in May

Securities Commission targets unlicensed lenders from October 1

The Commission said the law applies wherever a provider derives all or part of its income from these activities.

Late-stage liquidity and the Bermuda fund toolkit

Bermuda cannot legislate away global illiquidity.

Deputy Financial Secretary’s ‘public interest’ retirement process halted pending judicial review

The ruling, dated August 24, does not decide whether the allegations against Marche are true or whether the proposed retirement is lawful.

Cayman Islands Applies for NAIC Qualified Jurisdiction Status

The application submission follows sustained engagement by the Cayman Islands Government with US insurance regulators and other key stakeholders

BVI Court Prevents BVI Company from Redomiciling to Preserve Enforcement Against its Shares

APIC was a central party to the Claims

Maldives plans to shift all domestic transactions to national currency

Central bank wants to reduce economy’s heavy reliance on foreign currencies and increase demand for rufiyaa as part of wider reforms to ease pressure on scarce US dollars

New Police Clearance Requirement for Key Persons of Bermuda Direct Long-Term Insurers and Insurance Intermediaries

The new requirement should be factored into the timing of regulatory applications and Key Person change notifications

Corporate Income Tax Amendment Act 2026

The Amendment Bill makes a consequential amendment to the Corporate Income Tax Agency Act 2024 (the 'Agency Act').

Cayman Islands’ new AML Rule and new Sanctions Rule – practical guide for investment funds

The main changes concern the requirement that regulated investment funds have effective independent audits.

CIMA’s new AML audit rules take effect next month: What investment funds need to know

The rules introduce one central and consequential change: a fund’s entire compliance programme must now be subject to independent audit by suitably qualified persons who are entirely separate from those who designed, implemented, or operate the cont

MMA withdraws MVR3 billion from market to support rufiyaa

According to the MMA, excess liquidity declined to about MVR4 billion at the end of June this year, from an average of MVR7 billion in June last year.

Cayman Islands Applies for NAIC Qualified Jurisdiction Status

The application submission follows sustained engagement by the Cayman Islands Government with US insurance regulators and other key stakeholders

Central Bank orders halt to unauthorized use of Bahamian currency images

The warning could have implications for businesses and entrepreneurs producing souvenirs, collectibles, promotional materials and other merchandise incorporating Bahamian currency designs.

New data highlights significance of jurisdictional choice in fund launch lifecycle

In particular, the report, entitled ‘Jurisdictional Alpha’, highlights that, while stability is a fundamental criteria for managers, agility is also critical

Two directors ordered to pay £77m after company assets ‘misappropriated’

The case concerns Gold & General Limited (G&G), a Jersey-registered company now being wound up by its creditors.

BMA Register Seven New Insurers In July

Hector Insurance Ltd. and West Grove Re, Ltd. were registered effective July 1, followed by Grove Re Ltd. on July 2 and Nephila Capital Ltd. on July 6.

Immigration guide clarifies new work permit rules

The guide says advertising remains encouraged where feasible even when a position falls within one of the exempt categories.

Cayman bill proposes new rules for notaries

Under the bill, Caymanians seeking appointment as attorneys-at-law would need at least five years of professional experience.

Regulation, Risk & Compliance