04/12/2022
FATF and MONEYVAL visit Malta days after EC golden passports warning
Within the international network against money laundering and terrorist financing
Regulation, Risk & Compliance
04/12/2022
Five chapters authored for Fraud, Asset Tracing & Recovery 2022 (CDR)
The guides include commentary on legislative, regulatory and enforcement developments in what is a fast moving field and an area in which we have significant expertise and experience covering both local and international matters.
04/11/2022
Sanctions Guidance – Key Considerations for relevant financial institutions
We’ve also taken this opportunity to flag some key areas for consideration by relevant financial institutions at this time.
04/11/2022
Guernsey's secondary pension scheme – new date announced
Clarification has been provided on the auto-enrolment obligations with confirmation that it will be phased in for employers over a 15 month period based on the number of employees in a workplace, commencing, predictably with larger employers.
04/08/2022
Searches Conducted On Wealthy Indians Named In Pandora Papers
The Multi-Agency Group has started cracking down on wealthy Indians named in the investigative report
04/08/2022
CDB urges integrated risk management for C'bean countries to be able to pursue SDGs
The bank president advised that an effective country risk management approach must recognise the interconnectivity of risks and that the integrated enterprise risk management frameworks used by institutions, including CDB, to address existing and emerging
04/08/2022
Cayman freezes US$7.3 billion in Russian assets
These amendments include new financial, trade, and maritime measures, and restrict specified financial services with the Russian Central Bank and other Russian Federation agencies.
04/08/2022
Cyan Regulatory Services and Altair Partners Merge to Create Market-Leading Governance and Compliance Services Business
Both Cyan Regulatory Services and Altair Partners are independent and not affiliated to an administrator, law firm or other service provider.
04/08/2022
The Bahamas Takes A Step Closer to Compliance with all 40 FATF Recommendations
The Proceeds Of Crime Act, 2018 and The Register of Beneficial Ownership Act 2018. These amendments considerably strengthen mechanisms for enforcement.
04/08/2022
Optimism rises for June end to Malta greylisting
Assessors need to be convinced that Malta will not let standards slide
04/07/2022
Digicel plans to liquidate Panama business after rivals' merger approved
These initiatives included appointing an investment bank to market the business to financial and strategic parties, extensive engagement with authorities about the planned merger and proposals to migrate customers to another operator which were not taken
04/07/2022
Nigeria, Bahamas lead CBDC race; over 80% central banks mulling over CBDC: PwC report
The 2022 PwC CBDC Global Index report highlights the major CBDC projects across the globe, sheds light on which country is leading the CBDC race.
04/07/2022
Fitness and Probity Notice: Bringing New Retail Credit Providers in Scope
The Notice outlines proposals to expand the scope of the Consumer Protection Code 2012
04/07/2022
JFSC: Update to Schedule 2 applications and registrations
The changes to the Supervisory Bodies Law affect Schedule 2 businesses holding a "Level 2" registration.
04/07/2022
Maples Group Supports NIO Inc. with its Secondary Listing in Hong Kong
A team of Finance lawyers based in the Group's Hong Kong office advised NIO on the Cayman Islands legal aspects of the transaction
04/06/2022
Understanding the significance of the zero hours contract exclusivity ban
The nature of a zero hours contract is that the individual has no guarantee that work will be provided to them
04/06/2022
Publication of a Guidance Note on the Money Laundering Reporting Officer
The FIAU has gained insight into how certain requirements raise difficulties
04/05/2022
Mergers between BVI companies and foreign companies
This guide examines the merger process between BVI companies and foreign companies.
04/05/2022
Global Registration Services Market Update - Q1 2022
The Financial Services and Markets Authority has published its regulatory fees for 2022
04/04/2022
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.