Managers of Wealth Offshore

Chubb unveils new oil/gas extraction underwriting criteria

The underwriting criteria for oil and gas extraction are part of an ongoing collaboration and consultation with environmental stakeholders and experts.

FTX chief’s $460m deal with Bahamas fund firm

The monies came from Alameda Research, the private trading vehicle owned by FTX co-founder Sam Bankman-Fried, whose investments were heavily financed by funds misappropriated from the crypto exchange’s clients without their knowledge.

Regulatory Sandboxes - What are their merits?

Guernsey has a long history of innovation.

An introduction to Jersey LLCs

The Jersey LLC regime came into force following the adoption of the Limited Liability Companies (Jersey) Law 2018

Proliferation and Proliferation Financing in Guernsey

In 2020 the FATF revised its Standards to require countries, financial institutions, designated non-financial businesses and professions and virtual asset service providers to identify, assess, understand and mitigate their PPF risks.

JFSC grants licence to Consilium

Serving the international financial services community is a key part of our strategy, which is why we have invested in this area.

GCRA Action saves Guernsey property buyers £13.2 million

The Guernsey Competition and Regulatory Authority (GCRA), in line with similar bodies, looks to review the benefits of its role in the market post its interventions.

Phased implementation of new fees for financial regulation and oversight

Extensive engagement has taken place in order to develop a simplified, proportionate and more sustainable funding model that aligns with international best practice, while being mindful of the Island’s competitive position.

Guernsey mandatory secondary pensions set for July 2024

Employees will have the option to opt out of the arrangements if they choose to.

Cayman regulator issues statement about failed Silicon Valley Bank

The Authority is carefully monitoring developments in the market and will take the necessary actions if and when necessary.

Revised ELTIF Regulation Published in the Official Journal

ELTIFs will allow retail investors the opportunity to invest in companies and projects that need long-term capital

UK Privy Council declines to hear family's challenge to lifetime transfer into trust

However, before his death in 2015, Perry transferred the company into a Liechtenstein discretionary trust, in which neither his wife nor daughter had a proprietary interest.

BMA issue guidance notes on insurers’ climate change risks

The requirements are to be phased in, beginning with year-end 2022 reports.

Eastern Caribbean Central Bank wins award

It also received a commendation for the wide range of topics discussed, the diversity of the guests, and the inclusion of citizens from across the Eastern Caribbean Currency Union (ECCU) in the programs.

Cash or Security: The Cost of an Interim Injunction in BVI Proceedings

The cross undertaking in damages contained in the WFO was not fortified.

Limited partners' statutory right to information concerning a Cayman Islands exempted limited partnership remains wide and unqualified

On 10 March 2023, the Honourable Justice Parker handed down his decision

Regulation, Risk & Compliance