Managers of Wealth Offshore

Publication of 2021 FIAU Annual Report

These changes present challenges on all levels of operations, be it intelligence, supervision and enforcement.

Harneys advises BMR Energy Ltd. on closing second tranche of its US$88 million credit facility

BMR Energy is a developer and owner of renewable energy assets in the Caribbean and Central America and is a business segment of Virgin Investments.

CSSF AML/CFT reporting tool: first reporting period approaches

This module, accessible since January for preparation and submission of AML/CFT external reports under Circular 21/788 and IFM reports under Circular 21/789, has been made available

Preparing for the PRIIPs KID for UCITS

A PRIIPs KID is a short pre-sale disclosure document aimed at providing retail investors with the information necessary to make an informed investment decision.

CSSF AML/CFT reporting tool: first reporting period approaches

Information on the availability of these reports for subsequent financial years will be provided in a dedicated CISERO FAQ.

Amnesty on undisclosed offshore assets should be for last time, says Mannan

He observed that it has become difficult to check such movement of money nowadays.

CDB devises new metric to make small states eligible for financing

Many countries in the Caribbean do not qualify for such financing since they no longer meet the GNI standards.

South Africans can get ‘retirement visas’ for these 3 countries without having to buy property

They allow applicants to continue to work remotely and, unlike the current RBI and CBI schemes, they do not require applicants to buy real estate.

‘No break’: Property cover to stick near all-time high

That’s just the reality. I don’t think there’s a debate now, and that’s something international reinsurers are monitoring and watching very closely.

Federal Reserve raises interest rates by most since 1994

May’s inflation was up by one-tenth over the already record-breaking rate

Skipton reacts swiftly to Bank of England interest rate rises

Skipton currently serves customers in over 100 different countries and offers savings products to both individual and corporate customers.

Grey List No More As Malta Removed From FATF’s List

Malta’s greylisting raised serious concerns about the nation’s economic future, with 88% of businesses who responded to a Malta Employers Association survey stating it will have a negative impact.

Barbados not rushing into new IMF agreement

She will be joined on the panel by Prime MInister Mottley, and the Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, who is also chairperson of the Caribbean Regional Technical Assistance Centre (CARTAC) Steering Committee.

Widening the Net of Regulation of Retail Credit Firms in Ireland

An RCF will also have to comply with the Central Bank's fitness and probity regime when applying for authorisation, and on an ongoing basis.

A Guide to Jersey Probate

Stamp duty is payable when an application for a Grant is made. The duty payable is calculated on the net value of the estate as at the date of death.

UK decision against imposing direct rule on BVI

We welcome the clarity of this announcement for the people of the BVI.

Malta’s greylisting to be discussed at FATF plenary session in coming days

Government has always been cautious in its comments about its expectations regarding when Malta will get off the list.

GFSC ‘must measure up to expectations’

It does also necessarily define the bar required with respect to the level of expertise and knowledge of all commission staff.

Wide-ranging pension transfer costs raise regulatory eyebrow in Guernsey

After advisers reported issues with moving their clients’ pots

Bill passed to transfer all assets of Jamaica Development Bank to DBJ

In his remarks, Finance and the Public Service Minister, Dr Nigel Clarke, said the DBJ was created in April 2000 from the merger of the National Development Bank Limited and the Agricultural Development Credit Bank.

Regulation, Risk & Compliance