Managers of Wealth Offshore

Malta Financial Services Authority provides new proposed regime

Similar to another regime – the Notified AIF – the NPIF is only subject to a notification process and hence will not be licenced by the MFSA.

St Kitts and Nevis becomes first Caribbean nation to sign agreement with AFREXIMBANK

The two-day event in the Bahamas witnessed many leaders from around the Caribbean region addressing individual & common issues and discussing their solutions.

Enstar signs motor book LPT with RACQ

This transaction with RACQ, one of the largest auto insurers in Queensland, is well aligned with our core competencies

Investment Business Amendment Act 2022 – Application Deadline

Existing entities brought into scope by the Amendment Act of the requirement to be registered or licensed under the IBA will need to apply to the Bermuda Monetary Authority

Licensing under the new lending, credit and finance law

Any business activity that is within scope of the LCF Law is not permitted without a licence

ZEDRA completes rebrand of US and Curaçao based fund services provider, Atlas Fund Services

Reflecting ZEDRA’s ambitions for the US and LATAM market and commitment to becoming an international leader in the funds services industry.

KPMG head urges companies to prepare for the unexpected

The event, hosted in conjunction with KPMG, was attended by more than 100 people.

Enstar completes $1.9bn LPT deal with QBE

This transaction, our second significant collaboration with leading insurance group, QBE, represents a unique and emerging business opportunity for Enstar.

RA says it does not regulate environmental emissions

The RA’s primary mandate is to provide an effective regulatory framework that serves all utility related stakeholders

BIA: Health insurers did not violate VAT law

“The BIA rejects the assertion that health insurers were operating in contravention of the law,” the BIA said.

BOJ leaves interest rate unchanged at 7.0%

But banks to hold more cash in reserve

British Virgin Islands added to EU blacklist

The British Virgin Islands (BVI) is committed to complying with evolving international standards on transparency and the fight against financial crime.

Jersey telecoms regulator launches consultation on spectrum allocation

Radio spectrum is the invisible but essential resource needed to wirelessly connect the devices of users to the networks of telecoms operators.

Budget outlines plans to get tough on tax dodgers

These restrictions can include denial of contracts, grants, permits, licences, passports or other government authorisations.

International business issues warning over budget

Some of those changes can drive decisions and we wanted to make sure that was clear.

Saint Kitts and Nevis First CARICOM Nation to Sign Agreement with AFreximbank

The Caribbean Community (CARICOM) represents one of the largest African Diaspora regions.

Governance reformer calls on gov’t to protect National Insurance fund

Edwards noted that in assessing and analyzing the solutions to the matter one should not dismiss the reluctance of Prime Minister Philip Davis in making what appears to be a straightforward and simple decision.

FATF to decide whether to remove Cayman from grey list this week

Cayman stakeholders are hopeful that one of these decisions will be the removal of the Cayman Islands from the FATF greylist

Clarien Bank follows Fed hike, raises lending rates

Bermuda dollar personal loans and mortgages, and overdrafts, will increase from 5.5 per cent to 6 per cent, while Bermuda dollar commercial loans and mortgages, and overdrafts, will increase from 5.75 per cent to 6.25 per cent.

Barbados removed from European Union list of non-cooperative jurisdictions

The minister explained that officials in the International Business Unit, the Barbados Revenue Authority, the Barbados International Business Association, and all of the service providers, including members of the Barbados Bar Association, worked earnestl

Regulation, Risk & Compliance