Managers of Wealth Offshore

Cayman Islands Liquidation Proceedings - Officeholder Independence

The Court will take into account the subjective views of all stakeholders.

Compliance and fund administration driving financial services pay growth in Jersey

Organisations that have struggled to source talent in the Island, despite offering more attractive packages, are now starting to look elsewhere or bring in off-Island talent to fill these roles.

Increased relevance of the ECA

The summer months are ideal for some reflective thinking on the way forward for trans-European institutions like the European Court of Auditors (ECA) too.

Statement of Practice - Trusts and Foundations in Mauritius

Provided that the majority of beneficiaries are not resident in Mauritius then the trust will NOT be liable for tax in Mauritius.

Fraudsters clone website of Maltese financial company

MFSA warns against Alpha Global Limited

Hawksford admits and rectifies breaches

Between 2001 and 2017, Hawksford failed to act in the best interests of one customer and misapplied customer monies in respect of fees charged for three customers.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

Zammit Lewis’ recusal from ethics committee has to be initiated by members – Speaker

The Qormi politician allegedly also received some €9,000 from Fenech as a gift.

British Virgin Islands Economic Substance Reporting Requirements

Reporting is made by the Registered Agent through the Beneficial Ownership Secure Search System which has been set up by the ITA to facilitate secure reporting.

Final consultation paper issued before new UK Investment Firms

Newgate Compliance's Managing Director, Matthew Hazell and Consultant, Shazad Khan break down the key highlights

Off‐Shore Crypto Exchange to Pay Up to $100 Million

Civil enforcement actions and criminal charges against BitMEX’s founders are pending.

States centralisation "a huge palaver and enormous waste of time"

STSB Vice-President Charles Parkinson, who is drafting the policy letter, wants the States to consider a shift in the way those assets are able to operate.

Cabinet approves bonus payments for Stock Exchange staff

CEO: No government funding is being used

Less than half of company annual confirmation statements filed as 30 September deadline approaches

This follows the trend seen in previous years for annual return filings.

BMA speeds up cat bond registrations

“The process takes weeks in some parts of the world.

The Filing Deadline for Private Funds Annual Return is Coming Soon - Are You Ready?

CIMA did not publish the FAR Form publicly meaning only a registered private fund (or a person authorised to act on its behalf) may access the FAR Form within the REEFS system.

Guernsey’s Data Protection Authority publishes its 2020 Annual Report

The ODPA’s key strategic objectives set out how it seeks to predict and prevent harms to individuals from poor handling of their personal data and ensure that detection and enforcement activities are proportionate and effective.

Rules change "aligns TISE with high-quality market trends"

In revising its listing rules to clarify certain disclosure and structuring requirements, TISE is undoubtedly aligning itself with market trends in targeting high quality, institutional investor-led SPAC activity.

Grounds For Objection To Appointment Of Voluntary Liquidators As Court-Supervised Liquidators, Confirmed.

Challenges to voluntary liquidators taking appointments as official liquidators are fairly common in Cayman

BMA seeks more Seamless Marketplace with ILS Process Enhancements.

To discuss the changes and what this means for both ILS market participants and the Bermuda marketplace, Artemis spoke with Adderley, who has been working with the BMA on this matter.

Regulation, Risk & Compliance