Managers of Wealth Offshore

Publication of a Guidance Note on the Money Laundering Reporting Officer

The FIAU has gained insight into how certain requirements raise difficulties

Mergers between BVI companies and foreign companies

This guide examines the merger process between BVI companies and foreign companies.

Global Registration Services Market Update - Q1 2022

The Financial Services and Markets Authority has published its regulatory fees for 2022

CIMA revokes companies management licence of Imparato company

CIMA stated that RDI had also not submitted certificates of compliance for the same periods and failed to abide by the authority’s requests for documentation and information.

Lasting Powers Of Attorney Come Into Force in Guernsey

A Health and Welfare LPA will only have effect where the Grantor lacks, or the Attorney reasonably believes that the Grantor lacks, capacity.

Bermuda Mask Requirements Lifted for Most Businesses

Failure to comply with the Regulations is an offence and can result in fines and penalty tickets.

Search for Russia/Belarus assets nets $1.6B company

Bahamas looking to join ranks of Cayman with FATF compliance

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.

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.

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.

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.

Interest Limitation Rules: Extended to Luxembourg EU Regulated Securitisation Vehicles

The draft law is expected to enter into force as of 1 January 2023.

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.

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.

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.

Compliance with Beneficial Ownership Obligations by Company Service Providers

The thematic examinations yielded very positive results.

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.

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.

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.

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.

Regulation, Risk & Compliance