Managers of Wealth Offshore

Flagstone receives regulatory approval in Jersey for new international arm

Flagstone International has also partnered with HSBC Channel Islands and Isle of Man, who will provide key operational services and support for the new business.

Jersey lists sovereign bond on TISE

Jersey has listed a new £500 million government bond on The International Stock Exchange (TISE).

Outsourcing Cayman Islands AML/CFT compliance obligations

This guide provides a practical overview of the relevant steps and considerations which should be borne in mind when a financial service provider plans to outsource, or is reviewing existing outsourcing arrangements relating to the performance of an AML/C

Bankruptcy & restructuring in the Cayman Islands 2022

Despite the global economic challenges arising from the coronavirus (COVID-19) pandemic, we have not seen a rise in pre-2020 insolvency and restructuring activity.

MFSA issues Guidance Note on calculation of administrative penalties

The authority said it considers the size and financial strength of the licence-holder or person carrying out unauthorised licensable activities, in order to ascertain that the administrative penalty does not cause disproportionate financial distress.

Limited action to Fed Funds rate hike, so far

Bermuda Commercial Bank and HSBC Bermuda have both continued to deliberate on their course of action.

Joint consultation with Government of Jersey on facilitating the adoption of Digital ID Systems

Over the past seven years, we have taken a number of steps to support businesses in making the process of collecting customer due diligence more efficient

Bermuda report - Q1 2022

Effective 1 April 2022, these Regulations amend certain fees payable in the electricity and electronic communications sectors.

Enhancing Sustainable Finance in the Bailiwick

Together the Guernsey Green Fund and Natural Capital Fund are designed to provide Guernsey funds with a choice of complementary sustainability designations based on international standards.

UNACCEPTABLE: Non-compliance drives tax arrears close to $1B

“More than 70 percent of property owners have had significant arrears and we are actively trying to collect those.”

Amendments to the Limited Partnerships (Jersey) Law 1994

The Amendment Law is primarily designed to modernise and clarify aspects of the Jersey LP Law

Jersey commits to climate change by signing Paris Agreement

The UK’s climate obligations under the Agreement will, therefore, also now include Jersey and its territorial waters.

Medicinal cannabis: “The reselling of any controlled drug… is illegal”

It comes as the Committee for Health & Social Care confirms that 5,069 medicinal cannabis licences have been granted since a change in the law allowed it in October 2020.

Turks and Caicos legislators support BVI’s call for no ‘UK direct rule’

Notes to be in circulation from December 5, 2022 according to Central Bank timeline

Panama and Cuba ratify laws to regulate cryptocurrencies

Banco Galicia opens investments in Bitcoin and cryptocurrencies in Argentina.

BMA Levies Civil Penalties On Conyers Corporate Services Limited

The civil penalties have been levied on the Company

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.

Regulation, Risk & Compliance