04/01/2022
Search for Russia/Belarus assets nets $1.6B company
Bahamas looking to join ranks of Cayman with FATF compliance
Regulation, Risk & Compliance
04/01/2022
BVI Voluntary Liquidations: What You Need to Know
The Maples Group's team of legal, fiduciary and fund services experts can provide a range of restructuring and liquidation services and guidance through the voluntary liquidations process for a BVI company.
04/01/2022
The Bahamas identifies $1.6bn of sanctioned Russians assets, hopeful of FATF up-rating
We have very few accounts and structures of sanctioned persons in The Bahamas," said Campbell.
04/01/2022
MOrsel: A Zero-Sum Game? Exclusivity and Employee Status in Jersey
This seemingly simple provision gives rise to a number of observations, starting with the definition given of a zero hours contract.
04/01/2022
Standardized format released to support reporting on digital platform sellers
The newly released Digital Platform Information (DPI) XML Schema may be used for the reporting and exchange of information under the original scope or the extended scope of the model rules.
03/31/2022
Interest Limitation Rules: Extended to Luxembourg EU Regulated Securitisation Vehicles
The draft law is expected to enter into force as of 1 January 2023.
03/31/2022
Luxembourg: ATAD III – Between fair objectives and uncertain outcome
ATAD III is subject to negotiation among all 27 member states and requires unanimous agreement for adoption.
03/31/2022
JP Morgan Seized a Russian Superyacht in Gibraltar
The investment bank won a court order that authorized the seizure of a $75 million superyacht owned by Russian billionaire Dmitry Pumpyansky.
03/31/2022
Global AML fines fall as regulators turn their attention to crypto
“This is reflective of the predominant focus global regulators have placed on ensuring AML measures are functioning robustly at the world’s major financial services institutions.
03/30/2022
Compliance with Beneficial Ownership Obligations by Company Service Providers
The thematic examinations yielded very positive results.
03/30/2022
Pensions regulations strengthened for Jersey islanders
Together, the two pieces of legislation mean that any retail advice given to local consumers about their pension arrangements will fall within financial regulation overseen by the Jersey Financial Services Commission.
03/30/2022
SERZ Approval Application Deadline Approaching
To assist with ongoing rebuilding efforts in a SERZ, the 2022 SERZ Order continues to provide for the importation of specific construction related materials into each SERZ to be VAT-free and Duty-free.
03/29/2022
Strong growth trajectory for Jersey funds sector in positive year for industry
The message is clear – investors and institutions value the certainty, stability and expertise Jersey offers in an uncertain landscape.
03/29/2022
Irish And EU Regulators Warn Retail Investor Of Risk Of Investing In Cryptoassets
Highlighting their risky and speculative nature, the Central Bank warned cryptoassets may not be suitable for retail customers.
03/29/2022
Kenya to receive millions seized in Jersey to help fight Covid
When it came to splitting up their assets, Ms Njeri felt she was not getting her fair share.
03/29/2022
Russia Sanctions: Reporting obligations in BVI, Cayman, and Anguilla
Bermuda was not included in the UKOTs to which the 2019 Russia-UK Regulations were extended.
03/28/2022
Bahamas ‘Open For Business’ With Latest Covid Upgrade
The reality is that the lower the level, or better the upgrade, the better the situation for the tourism industry and it will certainly have a positive impact on group bookings as well as general tourism.
03/28/2022
T-Bills Mutual Fund: Grand Court sanctions ground-breaking SEC resolution
The complaint stated that the two individuals, Ofer Abarbanel and Victor Chilelli, misappropriated investor funds by diverting these monies into shell companies in uncollateralized loan transactions in violation of the Fund's prospectus and in breach
03/28/2022
Guernsey finances 'better than expected' despite Covid-19
"In terms of the bailiwick's continued response to Covid-19 and what that's meant for our economic performance"
03/28/2022
Snapshot: what to know about transfers of shares under BVI law
There is no BVI legal requirement for the instrument of transfer to contain details of the consideration.