04/18/2022
Bahamians Must Pay For Benefits They Want
The actuaries over the last 10, 15 years have been predicting that the fund is jeopardised because of us not having raised the contributions to NIB.
Regulation, Risk & Compliance
04/18/2022
Facilitating Corporate restructurings in the Cayman Islands – The new “Restructuring Officer”
The Amendment Bill will also make some helpful changes as regards who can apply to Court for the appointment of a restructuring officer.
04/14/2022
Jersey freezes $7bn of Roman Abramovich's assets
The Royal Court also imposed a formal freezing order on 12 April
04/14/2022
Financial firms can expect more scrutiny of outsourcing arrangements
Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g
04/14/2022
“We’re trying to keep Guernsey at the forefront of financial innovation”
The world’s first Tier 1 Bitcoin exchange-traded fund (ETF) was designed by consultancy firm Midshore Consulting and launched by Jacobi Asset Management. Essentially they’ve created a fund that tracks the price of bitcoin by buying bitcoin.
04/13/2022
Reflective Paper: OECD Inclusive Framework Two-Pillar Tax Initiative
Jersey has a consistent track record on the implementation of international tax standards, particularly those set by the OECD, and a firm commitment to the principles of providing certainty, simplicity and an attractive business environment.
04/13/2022
Highvern Ireland receives TCSP authorisation
This is a great opportunity to build upon what we already offer at Highvern, and to further cement our reputation for service delivery excellence, focussing on forging long-term client relationships.
04/13/2022
Grand Court Upholds Novel Use Of Receivership To Enable Beneficial Owner Of Shares In Cayman Investment Funds To Access Statutory Shareholder Protections
This was particularly problematic where there were serious concerns of wrongdoing in the management of the relevant fund.
04/13/2022
Financial Conduct Authority staff vote for industrial action
Members of the Unite union have voted overwhelmingly to strike over new pay conditions at the financial watchdog.
04/13/2022
Collas Crill explains… preparing for a regulatory visit in Guernsey
As part of the regulatory regime for licensed fiduciaries, the Guernsey Financial Services Commission ("GFSC") carries out onsite visits to both corporate and individual licensees.
04/12/2022
Mergers and acquisitions: BVI companies
In 2012, the Amendment Act introduced section 240A into the Act in relation to listed companies.
04/12/2022
St Kitts And Nevis Citizenship By Investment Programme Stands As One Of The Most Trusted And Successful Programmes
The St Kitts and Nevis Citizenship by Investment Programme stands as the oldest, and one of the most trusted, successful programmes of its kind.
04/12/2022
Opportunities and risks for the funds sector in 2022
Investor protection, tax and AML continue to be topical and Guernsey continues to ensure that it adopts relevant global standards while also considering investor requirements and market expectations, hence putting relevant protection around investors&
04/12/2022
Further £200,000 paid to ‘mystery Health consultant’
But despite her contract – via her firm ‘Improving Performance Consultancy’ – being one of Government’s most costly at the time, Express uncovered that there was no record of how she had come to be employed.
04/12/2022
Unfair dismissal cases most likely to fail, new figures reveal
Last year, the total number of cases submitted to the tribunal – which is an independent judicial body set up to resolve disputes arising out of the island’s employment and discrimination laws – fell by 67 to 144 compared to 2020.
04/12/2022
Jersey headquartered corporate admin firm gets licence in Ireland
Highvern understands the market opportunities and appetite to establish structures in Ireland and aims to grow in line with this.
04/12/2022
FATF and MONEYVAL visit Malta days after EC golden passports warning
Within the international network against money laundering and terrorist financing
04/12/2022
Five chapters authored for Fraud, Asset Tracing & Recovery 2022 (CDR)
The guides include commentary on legislative, regulatory and enforcement developments in what is a fast moving field and an area in which we have significant expertise and experience covering both local and international matters.
04/11/2022
Sanctions Guidance – Key Considerations for relevant financial institutions
We’ve also taken this opportunity to flag some key areas for consideration by relevant financial institutions at this time.
04/11/2022
Guernsey's secondary pension scheme – new date announced
Clarification has been provided on the auto-enrolment obligations with confirmation that it will be phased in for employers over a 15 month period based on the number of employees in a workplace, commencing, predictably with larger employers.