Managers of Wealth Offshore

Bermuda Reinsurers Claim Payments To UK Policyholders

The key role that Bermuda plays in the supply of risk capacity to the UK makes a notable contribution to a thriving London (re)insurance market.”

BVI enhances registered agent whistle-blower requirements

The revised section 54A came into force as of 19 July 2021.

Malta makes action plan FATF salvo to exit grey list

The plan gives no timeline of how long Malta expects to take to implement the necessary changes. Government sources told Times of Malta they think the process could stretch into 2023.

Cayman Islands – insolvency and segregated portfolios – Grand Court gives new guidance

The Cayman Islands segregated portfolio company provides asset and liability ring-fenced, separate, segregated portfolios.

Hong Kong | Management and disclosure of climate-related risks by fund managers

Who is impacted?

The new EU Commission AML/CFT legislative package revealed

If adopted as such, it will trigger substantial amendments to the current AML/CFT framework.

SEC sues Rivetz over Cayman-based US$18 million token sale

The token sale between July and September 2017 raised the equivalent of US$18 million from investors

CIGA, Brexit and the recognition of Part 26A Restructuring Plans in Guernsey and Jersey

This Walkers’ briefing addresses issues that may be relevant to the recognition of foreign insolvency officeholders

JTC Reaccredited As STEP Gold Partner

At JTC, we strongly believe in continuous learning and development; this is essential in our mission to be excellent in what we do and therefore excellent in how we support our clients and each other.

Jersey Resolution Authority for banks to be set up with JFSC support

The Authority will set the strategic direction of work on bank resolution, oversee the exercise of its legal duties and obligations, and help raise the international profile of the Authority among international counterparts.

Bermuda | Three Day Registration for Special Purpose Insurers Issuing Bonds

The BMA is a well-respected financial markets regulator, a reputation which extends beyond Bermuda, and has been earned in part through the BMA's ability to innovate and collaborate with market participants.

Malta expected to spend 2022 under FATF greylist

Fight against tax evasion targets foreign entities using Malta as layer in elaborate structures to evade tax

BVI Court Orders Indefinite Committal Of Extra - Territorial Contemor

Where a party to BVI proceedings is found to be in contempt, the court has a discretion as to whether it will continue to hear the contemnor.

What the expanded scope of Cayman Islands’ Private Funds Regime means for fund managers

The intention of the Act is to strengthen investor confidence in Cayman Islands fund vehicles and to ensure that the Islands remain competitive for investment fund formation.

Mauritius tax update: The MRA issues a Statement of Practice on Trusts and Foundations

Read our latest briefing note on the Statement of Practice recently issued on Trusts and Foundations in response to amendments brought by the Finance (Miscellaneous Provisions) Act 2021 to the Income Tax Act 1995.

Government seeks input for beneficial ownership revamp

By 2023, public beneficial ownership standards are expected to become the global standard, the ministry said.

Think Markets Think Capital Limited

The Authority has not issued any licences to any of the ThinkMarkets companies including Think Capital Limited.

CBC, stakeholders agree on ten steps to speed up banking procedures

The Association of Cyprus Banks (ACB) in a statement issued afterwards said the banks “have listened carefully” to the concerns and thoughts of the economic stakeholders

European Commission Publishes New AML / CFT Action Plan

The proposals aim to facilitate effective and consistent cross-border application and implementation of EU AML / CFT rules and introduce a new more stringent enforcement framework in the EU.

Jersey bans foreign home ownership. Should Cayman follow suit?

A tale of two territories

Regulation, Risk & Compliance