08/10/2022
Aspida Re partners with Texas life insurer
The partnership will improve National Western Life's product competitiveness, increase financial flexibility, and provide an opportunity for incremental earnings.
Regulation, Risk & Compliance
08/10/2022
Dirty money - The biggest policy failure of all
A paper Mr Littrell published on the enforcement of AML last year in The Bahamas had a section dedicated to biases in national AML risk assessments, which concluded that dirty money in aggregate is much more of a problem in white majority countries and fo
08/10/2022
Data privacy survey reveals Islanders more aware of protecting their data
Under the Law, individuals have rights over the use and processing of their data.
08/10/2022
Chambers Global Aviation Finance & Leasing Guide 2022
The Aviation Finance & Leasing Guide covers 28 jurisdictions
08/10/2022
EDPB's Approach to GDPR Fines
The Guidelines are intended to harmonise the starting point and methodology for calculating GDPR fines but not the outcome, as fines will depend on all the circumstances of the particular case.
08/10/2022
The Mauritius Finance Miscellaneous Provision Act 2022
The monthly retirement benefit is reduced from MUR 4,500 to MUR 1,000 for the months of July 2022 to June 2023
08/09/2022
HSBC reprimanded for missuse of Guernsey staff information
The Authority issued a reprimand to HSBC, which is a formal recognition of wrongdoing and one of the sanctions available under the local data protection law.
08/09/2022
Non-profit ‘tired of the run around’ from local commercial banks
“There is no set standard and I think the Central Bank needs to step in and make a decision on what the guidelines are and what the standard should be.”
08/09/2022
Hungary hits Ryanair with fine over inflation tax
Irish budget airline fined €766,000 for passing on Hungarian tax to customers
08/09/2022
Maples Group Announces Three-Year Partnership with Cayman Connection
It is our hope that this financial commitment will enable Cayman Connection to continue providing invaluable services, support and programmes to overseas Caymanian students.
08/09/2022
Cayman's beneficial ownership register regime
This Guide looks at the requirements of the beneficial ownership regime, the exemptions available and the consequences of failing to maintain a beneficial ownership register in accordance with the relevant legislation.
08/08/2022
Bermuda Expands Applicability Of Its Investment Business Regime
Pursuant to both the Current IBA and the Amended IBA, “investment business” means engaging in one or more investment activities specified in the statute by way of business.
08/08/2022
Report says law firms present “medium-high” risk for money laundering
Resolutions of money laundering and terrorist financing concerns might also be more straightforward too if the situation was not further complicated by existing cases in the courts of the Cayman Islands
08/08/2022
An Offshore Perspective on the Impact of New US-PRC Laws on China VC
The current and prospective impact of the new US-PRC laws and regulations on Cayman structured China VC companies mean that issuers must now consider different strategies
08/08/2022
Fintech Laws & Regulations Report 2022 – The Bahamas
The chapter, which is now available, outlines the fintech landscape, funding for fintech, regulatory regime, accessing of talent and technology in the jurisdiction.
08/05/2022
Clarity for Creditors When Settling with Multiple Debtors
In a significant judgment delivered earlier this year1 , the Court of Appeal held that those provisions of the Act do not apply to claims for the recovery of debts.
08/05/2022
ICLG Alternative Investment Funds 2022: Cayman Islands
Their contribution formed part of the International Comparative Legal Guide to: Alternative Investment Funds 2022, which provides a practical cross-border insight into alternative investment funds work in 18 jurisdictions.
08/05/2022
Barbados to promote environmental sustainability
The IDB guarantee will help reduce borrowing costs for the country as it seeks to raise funds for conservation activities, which includes the creation of a conservation trust fund, known as the Barbados Environmental Sustainability Fund.
08/04/2022
DCI report: real estate sector "attractive to money launderers"
Anti-money laundering deficiencies noted in 42 per cent of entities inspected
08/04/2022
Brace for higher inflation as growth trimmed to 5%
Right now, the official government measure estimates that probably The Bahamas’ inflation rate is below 5 percent but that is still significantly higher than a year or two years ago”.