09/23/2021
Financial Crime Focus
The proposal sets the threshold for cryptoasset transfers at GBP 1,000 so it will therefore be necessary for firms to calculate the value in GBP of, for example, a transfer of Bitcoin or Ethereum.
Regulation, Risk & Compliance
09/22/2021
Advisers warned over compliance as HMRC writes to non-doms
Ashford added that in the past five years HMRC has heightened its focus on cracking down on so-called ‘enablers’.
09/22/2021
Regulator assesses risk of local non-profits being used for financial crime
The data will help determine the JFSC’s approach to supervising non-profit organisations, particularly those that are considered more vulnerable.
09/22/2021
Jersey’s Government Plan and the proposed budget changes – how it will impact you
“This, the final Government Plan of our term of office, maintains our commitment to the priorities we set at the start of this Government’s term of office"
09/22/2021
Revised Work Safely Protocol For Employers And Workers In Ireland
Continuing our Recovery and Reconnecting' guidance roadmap.
09/21/2021
Cryptocurrencies in Liquidation: Perspectives from Cayman and the BVI
As of the first week of May 2021 the combined value of all crypto coins stood at an incredible US$2.43 trillion.
09/21/2021
JFSC: Comprehensive changes needed for some businesses to fully comply with Enhanced and Simplified Due Diligence Measures and Exemptions
The findings highlight a range of statutory obligations and regulatory requirements that were either not complied with or were only partially complied with.
09/20/2021
Cayman Islands Private Funds – Filing Extension for FAR Form and Related Fund Entity Form
For private funds with a financial year-end of 30 April 2021 and later, the filings must be completed within 6 months
09/20/2021
Jersey Financial Stability Board consultation launched
The Government Plan 2020-23 set out plans for a FSB and this has now been operating on a 'shadow' basis for two years with the intention of fully establishing it once we had reviewed its operation.
09/20/2021
Data Protection: Key Findings From The ECPB's Whatsapp Ireland Decision
WhatsApp was issued a €225 million fine, the largest ever fine from the DPC, and the second-highest under GDPR rules.
09/20/2021
Eyes up from the dashboard – is your regulated business future-proofed?
The Global and EU regulatory engine is running with a reset of Global Business Taxation, new terms of reference for the EU Code of Conduct Group, new proposals for blacklisting criteria, AMLD6 and an AIFMD Review, all in train.
09/17/2021
Relocation Employees to Ireland - A Reference Guide for Employers
Occupations include information communication technology professionals, scientists, engineers and business administration and research professionals including, for example, tax consultants and accountants.
09/17/2021
Watchdog fines companies for sending 354 million nuisance messages
These companies should have known better.
09/17/2021
Bermuda: Ministry of Finance announces additional CRS compliance activities
The notice advises that the Ministry is planning additional CRS compliance activities in support of Bermuda’s obligation to monitor
09/17/2021
Transferring Data under the new Standard Contractual Clauses
There will only be one set of SCCs going forward, which can be adapted by omitting modules that are not relevant.
09/16/2021
Data protection for investment funds domiciled in the British Virgin Islands
Provide investors with a privacy notice
09/16/2021
Data protection for investment funds domiciled in the British Virgin Islands
In addition to governing how a data controller processes, uses and retains personal data, the Act also sets out the rights of individuals to control their personal data and implements a series of offences and enforcement measures designed to ensure compli
09/16/2021
Cyprus to introduce transfer pricing legislation
The new legislation will create the opportunity for companies to apply for an APA.
09/16/2021
Apex Group partners with VCP Advisors to create Apex VCP
The joint venture further supports the Group’s expansion strategy for global fund marketing and distribution services.
09/16/2021
Economy Department launched
This completes the Target Operating Model implementation for this part of the public service, is in line with the One Government structure set out in 2018, and falls within current budgetary constraints.