Managers of Wealth Offshore

The international architecture for financial regulation

Financial crises and failures generate political often lacking normally

Time is Ticking: Guernsey Charities to comply with new law by 31 july 2022

For those involved in Guernsey charities, there is a very short deadline of 31 July 2022 to comply with the new regime.

Banks blasted by PLP as BMA gets new regulatory powers

Financial institutions will also have to provide details of their business practices on request from the BMA under the new law.

Ogier Trade Marks Prosecution fact sheets

Our IP experts are pragmatic and commercial in their approach to providing IP solutions for all types and sizes of business

Guernsey playing its part in protecting pension members from harm

In this blog for WE ARE GUERNSEY, Margaret discusses the definition of a scam, how to spot the tell-tale signs and how Guernsey is also playing its part in protecting pension holders from scammers.

UK Update - Jo Kitcat, July 2022

Caroline Bradley from the Guernsey Financial Services Commission gave a regulatory update

States approve new minimum wage proposals

Deputy Roffey advised the Assembly that the proposals, which were ultimately approved, were “significantly above inflation”.

Carey Olsen and Highvern lead on launch of Capital Pilot's systematically driven venture capital fund for UK startups

Carey Olsen acted as lead counsel to Capital Pilot on the fund launch

Banks and regulator seek to ‘mute’ cheque-end dissent

The Central Bank, together with commercial banks and the wider financial services industry, view the elimination of cheques as another key step in the evolution of digital payments channels and efforts to drive ever-increasing numbers of Bahamians to use

Cutting red tape to new investors

Suggesting that only projects worth $100m or more go before the NEC, which is really the Cabinet or a Cabinet committee/sub-committee, the report said the political directorate’s role was viewed by investors and their advisers as “non-value ad

CRS – Requests for information and breach notices issued by email

The DITC typically sends any requests for information in relation to a financial institution (FI) to the email address provided

Grenada: Government to pay pension to public workers by November

The data coming out from the Ministry of Finance is that the retroactive payment is going to be in the region of EC$60 million.

Cayman freezes US$8.7 billion in Russian assets

This represents over US$1 billion more than initially reported in April by the cross-government task force established to coordinate the application of sanctions against Russia.

Streamline: Trade policy draft calls for review of incentives and duty exemption schemes

It was also noted that the various encouragement acts set different conditions to benefit from exemptions as well as provide a different scope for exemptions.

Additional information sources to support Industry in combatting financial crime

These documents are for information only and do not introduce any new Code of Practice requirements.

78% of Jersey firms believe RegTech tools are increasingly necessary for achieving compliance

RegTech firm RT Associates who conducted the report found that 78% of Jersey firms believe RegTech tools are increasingly necessary for achieving compliance.

Bermuda Government’s two-bond buyback

The Government will determine in its sole discretion the aggregate principal amount of Existing Notes of each series validly tendered in accordance with the terms and conditions that it will accept for purchase.

Real Estate Transactions: Legislative Amendments

These amendments are reflected in the Real Property Tax (Amendment) Act, 2022, the Stamp (Amendment) Act, 2022, and the Value Added Tax (Amendment) Act, 2022, (which all took effect on 1 July 2022) and are set out below.

Performing an AML audit for your organisation – Franklin Cachia

There are various phases throughout an AM audit.

BWCI Pension Trustees reprimanded for data protection responsiveness

Following the investigation, the Authority determined that the Controller breached the Law by failing to respond appropriately to the Complainant’s Request.

Regulation, Risk & Compliance