Managers of Wealth Offshore

Inquiry launched into MSG cyber incident

The ODPA say that the outcome of the inquiry should not be speculated on, or its conclusion pre-judged.

Fun and Games Ahead?

In addition to outlining the new provisions, this article will explore the scope for abuse of the new regime by unscrupulous debtors.

Snapshot: confidentiality in Cayman Islands arbitration proceedings

There are a number of other exception categories which are less likely to be available in a commercial context

Harneys (Jersey) legal services

Jersey is a leading international finance centre recognised for its political and economic stability and robust regulatory framework.

Linklaters contributes to Gibraltar Government

The Group was convened for the specific purpose of considering and crafting the legislation and guidance.

Jersey finance firm to trial four-day week

Now PwC in the Channel Islands has announced it is going to try out the new way of working.

IMF paying close attention to bank sovereign linkages in the Caribbean

“The Fund, as always, stands ready to support its members’ efforts in this area."

Bermuda to be removed from EU grey list in October

Once a jurisdiction meets all its commitments, its name is removed from the annex.

BVI corruption report recommends UK direct rule

Commissioner finds rampant corruption, recommends audits and criminal investigations

Recruitment watchdog concerned over "inappropriate language" towards women

The report continued: “It is unacceptable in any appointment to use biased or inappropriate language.

Sanctions licensing in the United Kingdom Overseas Territories

The only exception to the prohibition on the asset freeze and to allow a Territory person to deal with the frozen funds or economic recourses would be to apply to the competent authority of the United Kingdom Overseas Territories for a financial sanctions

Registering security in the British Virgin Islands

Although there are no filing or registration requirements in the BVI which affect the validity of a charge, the Act provides a robust security registration system that enables a secured party to register a charge and secure its priority.

Fund Liquidity – An Overview of Key Guidance Issued

In this update we provide an overview of this and other guidance and proposals issued on this topic as highlighted in the timelines on the right-hand side of these pages.

Signatures for Sale: How Nominee Services for Shell Companies Are Abused to Conceal Beneficial Owners

The report draws evidence from a global mystery shopping exercise based on thousands of solicitations for shell companies, as well as marketing information from shell company providers, and journalistic and policy research on the topic.

Morningstar acquisition of Praemium International greenlit

FCA and Jersey regulator give deal their respective nods of approval

Minister hints at forthcoming financial services legislation

Going forward, the minister said Cayman would have to “innovate in a smart way”.

Government of Jersey publishes first National Risk Assessment of Non-Profit Organisations

This latest report concludes that, overall, the non-profit sector in Jersey presents a medium to low risk.

Labor to ramp up multinational tax avoidance fight

An Anthony Albanese-led government would limit debt-related deductions by multinationals at 30 per cent of profits,

Bisx-Listed Fund ‘Stabilises’ With Commitments For $8m

Mr Anderson said Bahamian investors typically gravitate to dividend-paying stocks, focusing on the short-term as opposed to taking the longer view.

First National Bank Closes its Doors to The Public

The FNB already under huge organizational pressure following the recent acquisition of the Royal Bank of Canada can ill-afford disruptions in its operations.

Regulation, Risk & Compliance