Managers of Wealth Offshore

£2m+ fines for multiple failings over a decade

The firm’s Deputy Money Laundering Reporting Officer, James Watchorn was fined £10,000 and banned from holding similar regulated roles for 17-months.

SARS warning for South Africans with offshore investments

Starting on 1 March 2026, SARS began receiving bulk financial data from over 120 jurisdictions through expanded Automatic Exchange of Information standards.

Next Level Governance: The Benefits of an Expert Bermuda Corporate Services Provider

Understand the benefits of engaging an expert Corporate Services Provider in Bermuda, backed by a vast international network.

Central Bank regulatory & supervisory outlook 2026: Key trends for funds & asset managers

Importance of operational resilience in service provision – the Central Bank emphasises the importance of providing resilient services

Privacy at Work: What PIPA Means for Bermuda Employers

Employers should establish procedures to respond to such requests in a timely and transparent manner.

Money laundering risk in Isle of Man remains ‘medium high’, new assessment finds

It confirms that the Isle of Man’s overall money laundering risk remains Medium High, which is consistent with the findings of the previous 2020 assessment.

A will trust can keep a home in the family

Choosing the wrong trustee can invite conflict.

Health insurance law amendments pass by unanimous vote

Ebanks told members that the amendments are “a long time coming”.

New governance and regulatory services firm launches in Cayman Islands

Khan previously served as chief executive officer for Cayman and Asia Pacific at Waystone, where he oversaw the firm’s governance and compliance business across those regions.

Amendments to regulate tokenised private funds passed in parliament

The bill also introduces new sections to the principal act, setting out specific requirements for tokenised private funds.

MP warns about ‘unintended consequence’ of minimum wage

It was the first time in 10 years that the amount had been increased.

Bermuda and Ireland push back on EU securitisation rules

Under current arrangements, insurers provide unfunded credit protection that enables banks to transfer a portion of their credit risk without selling the underlying loans.

Employment Bill 2025 reaches final stages of legislative process

‘This marks an important step in ensuring the island’s employment framework continues to reflect the realities faced by working families and carers’

Significant risk transfers in Guernsey

Guernsey was the first jurisdiction in the world to introduce legislation permitting the formation of protected cell companies - in 1995.

FATCA: Impact on Cayman Islands Entities

This publication is not intended to be a substitute for legal advice or a legal opinion.

CAS arbitration in Ireland expected after UEFA's landmark statute amendment

From 1 July 2026, UEFA's statutes will allow for the seat of arbitration for CAS proceedings to be Dublin or Lausanne.

Central Bank document: $63M transferred to govt coffers from dormant accounts

That document explained that before 2018, dormant accounts were held at the Central Bank indefinitely.

Government targets 2027 for Cayman Islands AI legislation

Responding to a question during the 6 March sitting, Ebanks said the rapid pace of AI development makes it critical for the Cayman Islands to begin putting safeguards in place while still allowing innovation to flourish.

ABIR and Insurance Ireland call for regulatory changes to strengthen EU securitisation market

ABIR stated that a stronger securitisation market could improve the ability of banks to manage risk and support lending across Europe.

Termination of a trust: A practical guide for trustees

The above methods of terminating a trust are all relatively self-explanatory except perhaps the final point

Regulation, Risk & Compliance