09/29/2022
Updated Deregistration Rules for Cayman Islands Regulated funds
The principal aim of the updates is to streamline the process for deregistering mutual funds and private funds.
Regulation, Risk & Compliance
09/29/2022
Jersey publishes national strategy for combatting financial crime
Together the strategy and statement create a clear plan for how Jersey will deliver against its commitment to combatting financial crime in all its forms and how we continue to play our role as a responsible global citizen.”
09/28/2022
More pressure: Businesses again urge BOJ rate hike reprieve
In a joint statement, the Private Sector Organisation of Jamaica, PSOJ, and Jamaica Manufacturers and Exporters Association, JMEA, urged the BOJ to stay any further raise rise action in order to avoid adverse economic consequences.
09/28/2022
First mortgage warning for Channel Islanders
The bank is the first with a direct Channel Island presence to announce such a move.
09/28/2022
EU to Add Bahamas to Its Tax Haven Blacklist, While Bermuda Is Removed
In addition, Bermudas and Tunisia are being removed from the watchlist because of their progress in dealing with offshore firms and the exchange of information.
09/28/2022
BVI Business Companies (Amendment) Act, 2022; And BVI Business Companies (Amendment) Regulations, 2022
The Amendments incorporate a number of significant changes to the BVI Business Companies Act (as amended, the BCA) and accompanying BVI Business Companies Regulations (as amended, the Regulations).
09/27/2022
Cyber-risk management code of conduct operational
The code also applies to a wide range of other entities in Bermuda.
09/27/2022
Inclined announces $15m funding round
Inclined is a SaaS software company focused on driving better long term outcomes for whole life policyholders.
09/26/2022
Blacktower granted Cayman broker dealer licence
It was already authorised to carry out full securities and investment business in the country
09/26/2022
Barbados Drops All Entry Requirements Returning To Normal Tourism
This positive move by the Barbadian government is likely to put the island back on the radar for thousands of travel-starved Americans.
09/26/2022
Cayman Islands Anti-Money Laundering Surveys for Financial Service Providers
The AML surveys will assist the Authority in the exercise of its functions, including the collection of AML / CFT / CPF and sanctions data from FSPs.
09/26/2022
BVI Introduces Legislative Amendments To company Framework
The revisions include measures to enhance the process for dissolving and restoring companies under BVI law and the continuation of companies outside of the BVI.
09/23/2022
Large number of data records deleted
The 18 overall cases was a fairly low number in itself though, which follows a trend set that has seen lower number of incidents over the traditionally quieter summer months.
09/23/2022
Digital Assets and Hedge Funds
The AIMA survey continues that the average hedge fund allocation to digital assets is around 4%.
09/22/2022
Barbados to refinance debt, help protect ocean in rare deal
Barbados has five years to declare sites under protection and another two years to implement management plans.
09/22/2022
Barbados issues world's first pandemic-protected bond
The bond, to be repaid over the next 15 years, will be the first to allow a government to suspend its payments if another outbreak similar to COVID-19 happens.
09/22/2022
Government to overhaul companies legislation
Asked when that legislative overhaul would take place, Pinder said the Government is looking to have draft legislation in the first quarter of 2023.
09/21/2022
World-wide recruitment opportunities for Guernsey
This is designed to provide businesses in Guernsey with the significant opportunity to expand their recruitment to the global workforce, which has the potential to ease recruitment challenges experienced locally since Brexit and the pandemic.
09/21/2022
‘Green Isle’ Guernsey launches Natural Capital Fund regime
This policy announcement follows completion of a public consultation process.
09/21/2022
SEAR and the Individual Accountability Landscape: The Central Bank (Individual Accountability Framework) Bill 2022
Once enacted, which might be as soon as Q4 2022, the IAF Bill will introduce significant changes to the regulation and supervision of regulated financial service providers