Managers of Wealth Offshore

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.

CIBC Caribbean to discontinue Great Britian pound cheques and bank draft services

Clients currently holding Great Britian pound cheques and bank drafts are strongly encouraged to present them at one of the bank’s branches for encashment or deposit them to an account before 31 March 2026 to ensure timely processing.

Regulatory changes limiting larger dividends for minority shareholders

Scotia Group’s board declared a $0.45 dividend — totalling $1.40 billion — to be paid on April 14 to shareholders on record as of March 23.

AI regulatory recommendations under consideration by taskforce

The taskforce, falling under the premier’s office and the Ministry of Social Development and Innovation, is expected to submit its AI policy recommendations by the end of May.

PANDOO to Join Forces with Highvern and Permian, Backed by Jacobs Capital

It brings proven Luxembourg expertise, an established and growing client base, and a reputation for high-quality client service.

FATF flags emerging risks in stablecoin ecosystem

The report notes that more than 250 stablecoins were in circulation globally as of mid-2025, with total market capitalisation exceeding US$300 billion.

Regulatory Deadline Reminder – BVI Beneficial Ownership

To avoid operational restrictions and to ensure regulatory compliance, entities within the scope of the BVI beneficial ownership regime should ensure their filings are accurate and submitted on time.

Jersey regulator tightens telecom rules to prevent fraud involving Global Titles

The regulator’s review follows findings by the UK communications regulator Ofcom that some Global Titles had been misused

Risks for Transactions and Directors in Financially Distressed Businesses (Jersey)

The Viscount has several comparable specific statutory powers under the Désastre Law.

CIMA reaches 66 unique regulatory cooperation agreements

The agreements span a range of European financial regulators and supervisory authorities, reflecting the Cayman Islands’ cross-border financial services links with European markets.

Deputy vows to keep trying in efforts to block GST

Last month deputies voted in favour of the preferred P&R option to include food in a 5% GST.

Abolition of "illegitimacy" in Jersey law: Impacts on international clients

This reform has practical and immediate implications for international clients with Jersey trusts, foundations, and wills

A comprehensive review of the Central Bank of Ireland’s 2026 regulatory agenda

Financial crime risk has been raised as a continued key priority for the CBI.

Regulators secure earlier delivery of mobile number portability for Coop Mobile

JT has provided regulators with a strengthened implementation plan

BOJ predicts stable US dollar

The forecast carries a subtle caveat, however – several factors could still exert downward pressure on the greenback in the months ahead.

Advocacy group urges stronger consumer protection

The concerns come after the company announced it would introduce a 30-cent fee for cash and cheque bill payments made over the counter, effective March 16.

New CIMA AML and Sanctions Obligations

These proposed rules mark a significant enhancement in the expectations for all Cayman-domiciled investment entities and funds regarding AML, CFT, CPF and sanctions compliance.

Lawmakers to consider 11 bills at Parliament sitting

The meeting will also include five government motions, 10 private members’ motions, 54 parliamentary questions

CIMA advances recovery planning framework

CIMA confirmed that it initially consulted in January 2025 on a combined Rule and Statement of Guidance covering both recovery and resolution planning.

Regulation, Risk & Compliance