03/01/2022
EU Annex II Update - Bermuda & BVI
No direct penalties or sanctions will be imposed by any EU member states on entities or institutions in listed jurisdictions as a result of their inclusion in Annex II.
Regulation, Risk & Compliance
03/01/2022
Russia/Ukraine: Cayman Islands and BVI Sanctions Update
Sanctions Orders apply to any person or body incorporated or instituted in the jurisdiction
03/01/2022
Saunders and McTaggart agree: Flexibility is needed for gov’t finances
Caution against abuse out of convenience
03/01/2022
Guernsey legal and regulatory update February 2022
More than half of the incidents reported (15) over November and December 2021 were as a result of personal data being sent to the wrong person
03/01/2022
The BVI and the EU
On 24 February 2022, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes.
03/01/2022
Bermuda Committed to Cooperation and Compliance in Global Tax Standards
Expects to Be Removed from Annex II at Next Meeting
02/28/2022
Cayman regulator issues Russia sanctions notice
Other Treasury sanctions affect Russian elites and their family members.
02/28/2022
Commencement of VASP Travel Rule
What is the Travel Rule and what notification is required?
02/25/2022
When is it appropriate to seek ex parte relief in the Cayman Islands?
The type of relief sought by the plaintiff is commonly known as Norwich Pharmacal relief.
02/25/2022
Top 'Take-Aways' from the 11th Annual Global Fund Finance Symposium
Here are our top take-away points from the high quality panel discussions.
02/25/2022
US charges Infinity Q founder with billion-dollar valuation fraud
The indictment alleges that the Infinity Q founder mismarked the securities
02/25/2022
JT partners with Sky Mobile to protect customers from SIM-swap fraud
The service is already widely used by banks and businesses throughout the UK and around the world, providing additional security and peace of mind.
02/25/2022
NDAs in the Channel Islands – Enforcement, Limitations and Ethical Considerations
This would leave the employee with the choice of either bringing a claim in the Employment and Discrimination Tribunal, with all its attendant stress and uncertainties, or walking away from that claim.
02/24/2022
Maltese watchdog eyes powers to settle cases with individuals
There is no legal framework for regulator to enter discussions with those under investigation
02/24/2022
More change proposed to Jersey's AML regime: Are you Exempt?
The rationale for the application of certain current scope exemptions, which mean certain businesses do not have to comply with the anti-money laundering framework, was also identified by the MONEYVAL Report as a cause for concern.
02/24/2022
Some Factors for Financial Services Firms to Consider in light of the War between the Ukraine and the Russian Federation
All firms involved in investment in countries involved in armed conflict should also take care to ensure that investors are treated equitably, especially in terms of fair valuation and allocation of liquid and illiquid assets between investors.
02/24/2022
Offshore SPACs: Will Asia be next to witness the boom?
The recent revisions to the Hong Kong Main Board Listing Rules introducing the SPAC regime is an incredibly positive step forward in addressing the competitive disadvantage Hong Kong faced in attracting SPAC sponsors to the market, particularly from the d
02/24/2022
Bermuda to be put on EU grey list, report says
The EU groups countries into two lists depending on the level of co-operation and commitment to EU taxation standards.
02/24/2022
Cayman fund allegedly embroiled in 1MBD scandal
The petitioner, SRC BVI, was a wholly-owned subsidiary of 1 Malaysia Development Berhad (1MDB) and later under the ownership of the Malaysian Ministry of Finance.
02/23/2022
Removal of Mauritius from European Union List of “High-Risk Third Countries”
The removal of Mauritius from the EU list follows the delisting of Mauritius from the FATF List of Jurisdictions under Increased Monitoring on 21 October 2021.