Managers of Wealth Offshore

Enforcement Guidelines and administrative fines – CRS and economic substance

The TIA will exercise its enforcement powers in a manner which is reasonable, transparent, lawful, rational and proportionate.

16 charged by US over $194m complex investment scam across 3 continents

All of the investigations received assistance from the SEC’s Office of International Affairs

Nearly £3m of employers' payroll 'overclaims' still to be repaid

70% of repayments were made within 30 days, 90% within six months and 2% after one year or more.

BWCI welcomes secondary pensions policy letter

This will provide the basis for a more comfortable retirement for the large number of Guernsey employees who do not currently have the benefit of an occupational pension arrangement.

BMA launches data call on sanctions against Russia

Registrants are to disclose their exposure to the ongoing events between the Russian Federation and Ukraine and provide details on the impact these events have had on their assets and underwriting as of 31 March 2022.

Cayman Gov’t sets October deadline to seal financial deal on ReGen

Energy recovery facility projected to be commissioned in 2026

CDB's public procurement reform programme enters second phase

Often appropriate institu- tional structures were not in place to undertake

Updated guidance on the countering of the financing of proliferation of weapons of mass destruction

To do this, Industry will be risk assessed for exposure to proliferation financing risk.

Bahamians Must Pay For Benefits They Want

The actuaries over the last 10, 15 years have been predicting that the fund is jeopardised because of us not having raised the contributions to NIB.

Facilitating Corporate restructurings in the Cayman Islands – The new “Restructuring Officer”

The Amendment Bill will also make some helpful changes as regards who can apply to Court for the appointment of a restructuring officer.

Jersey freezes $7bn of Roman Abramovich's assets

The Royal Court also imposed a formal freezing order on 12 April

Financial firms can expect more scrutiny of outsourcing arrangements

Now much more detailed requirements are outlined in guidelines issued by the EU’s supervisory authorities, like the European Banking Authority (EBA), and national regulators – such as the Central Bank of Ireland – have issued their own g

“We’re trying to keep Guernsey at the forefront of financial innovation”

The world’s first Tier 1 Bitcoin exchange-traded fund (ETF) was designed by consultancy firm Midshore Consulting and launched by Jacobi Asset Management. Essentially they’ve created a fund that tracks the price of bitcoin by buying bitcoin.

Reflective Paper: OECD Inclusive Framework Two-Pillar Tax Initiative

Jersey has a consistent track record on the implementation of international tax standards, particularly those set by the OECD, and a firm commitment to the principles of providing certainty, simplicity and an attractive business environment.

Highvern Ireland receives TCSP authorisation

This is a great opportunity to build upon what we already offer at Highvern, and to further cement our reputation for service delivery excellence, focussing on forging long-term client relationships.

Grand Court Upholds Novel Use Of Receivership To Enable Beneficial Owner Of Shares In Cayman Investment Funds To Access Statutory Shareholder Protections

This was particularly problematic where there were serious concerns of wrongdoing in the management of the relevant fund.

Regulation, Risk & Compliance