Managers of Wealth Offshore

Financial crime risk assessment is launched

Regulated trust and company service providers responsible for administering trusts will receive an invitation from myJFSC inviting them to complete the questionnaire.

Chamber of Commerce warns minimum wage hike may bring more inflation, job cuts

Consumers spend decline could result in permanent closure for some businesses

Employers offering more flexibility amidst pressure to recruit and retain staff

73% were offering, or were planning to offer, increased flexibility / remote working to fill vacancies.

Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts

Bahamas downgraded by Moody's Investors Service

The downgrade comes as the rating agency considers an ongoing economic recovery, driven primarily by tourism activity, and a narrowing fiscal deficit.

Banknote changes still catching out local shoppers

These changes affect only UK banknotes.

Ogier in Luxembourg assists WISAG in acquisition of Nettoservice

The team was headed by mergers and acquisition specialist Bertrand Géradin

BOJ to get technical support to identify climate risks in financial sector

Among other things, it focuses on climate, biodiversity, peace, education, urban planning, health, and governance.

Bank sector Q2 net income up 36.6% to $86.3m

Net interest income grew by 14.1 per cent, or $17 million, to $137.7 million compared with the previous quarter.

Carey Olsen partners with World Triathlon Bermuda and legal team compete to raise funds for Family Centre Bermuda

Carey Olsen Bermuda is a supporter of many community-based sports and activities.

Bermuda to deploy more cyber capacity to meet demand

Despite cyber attacks continuing to cost businesses millions of dollars, fewer than 40% of executives surveyed say they have fully mitigated cybersecurity risk exposure in a number of critical areas.

Maldives GDP to boost, debt expects hike; World Bank

While inflation is projected at 3.5 percent in 2022, World Bank claims this will moderate in 2023 as "global energy prices normalize."

EU takes Bermuda off its grey list

Also off the grey list is Tunisia, while Costa Rica remains.

Bahamas ‘may never be ready’ for exchange control elimination

It’s not as straightforward as throwing a switch. What we try to emphasise is that behind the system is a framework to maintain the stability of the currency.

Cayman Regulatory Update - Q4 2022

Cayman Islands for frozen funds under the Russia sanctions regime and an update on the revised regulatory procedures for the deregistration of Cayman funds.

Packed finance audience hears the latest on Moneyval

THERE was standing room only at St James as more than 500 finance industry professionals learned more implications of the island’s forthcoming Moneyval inspection from the industry regulator.

Snapshot: Considerations for Chilean pension funds investing in offshore funds

In some circumstances, there can be time-pressure to obtain the confirmations in order to meet the investment closing deadline.

“For over a century, the US has set the tone for international drug policy”

Guernsey Drug Strategy Campaign say the decision reflects “another significant change in policy around the use of cannabis”.

Gov’t aims to increase access to LCCL businesses

“Our objective is to ensure that news of these investment opportunities reaches as wide an audience as possible, and we are committed to exploring various means to achieve this,” said Trade and Business Licensing Board Chairman Garth Arch.

Delta Capital Partners acquire Massy's Credit Card, changes coming

Massy cards to become DeltaPaay with MasterCard after acquisition

Regulation, Risk & Compliance