Managers of Wealth Offshore

Satabank's €3.7m money laundering fine slashed to €851,000

Administrative penalty capped at 10 per cent of turnover, court rules

BMA Revokes Phoenix Law Chambers’ Licence

The Authority is taking this action to safeguard the interests of clients and potential clients of PLC.

Irish Government Consultation on the New EU Interest Limitation Rule

The consultation represents an opportunity for business to raise any issues with Irish Revenue and the Department of Finance.

Aster to set up excellence hub on Cayman Islands

The hub seeks to serve the Caribbean Region, North America, Canada, Latin and South America

Cayman Islands Government Takes Step Towards Improving Access To Justice

Contingency fee arrangements and litigation funding agreements are currently illegal in the Cayman Islands pursuant to the doctrines of maintenance and champerty and are contrary to public policy

Guernsey is best of British in survey of well-being

The results have been revealed in the Guernsey annual better life indicators report, however the data refers to 2019 and earlier, so is pre-Covid.

BMA revokes licence of service provider after proprietor declared bankrupt

The second breach was that the firm ceased to be registered with the Bermuda Bar Association as a legal practice and operated as a sole proprietorship.

Swiss Re registers 1863 Re as an SPI in Bermuda for its ILS fund ven

Under the investment management company, Swiss Re has established a dedicated and standalone ILS fund to begin operations, with the Core Nat Cat Fund the first offering under 1863 Fund Ltd., a Bermuda registered fund company the reinsurer has also set up.

Bahamas Avoids 'Dire' 26% Shrink Of Its Gdp Output

The government policy responses have been effective in that regard.

Barbados won’t ban flights from UK

“So at this point in time and with the restrictions imposed in the United Kingdom, we do not think we are going to restrict flights from the UK,” Bostic said.

Highlights on the Settlement Framework issued by the Mauritius FSC

Service defines us, empowers you

It’s best to adhere to UK new law on company registers — Governor

BOSSs is different from the system the UK is proposing because it doesn’t share personal information with the general public but only with “relevant law enforcement agencies to prevent financial crime”.

Trinidad and Tobago UK held discussions on fossil fuel policy shift

Minister Khan acknowledged the clarification and reaffirmed the long history of cooperation between the United Kingdom and Trinidad and Tobago as a member of the Commonwealth.

Ireland Update – Data Privacy – International Data Transfers

The EDPB Recommendations Since the delivery of the “Schrems II” judgment, there has been no guidance available to transferring parties to assist in determining which supplementary measures should be introduced.

Hong Kong residents eye offshore bank accounts

Offshore banking provides a way in which you can protect your assets against financial instability.

St Kitts - Nevis expands diplomatic relation and visa waivers

St Kitts and Nevis has for approximately 40 years, operated its Citizenship by Investment (CBI) programme, considered a highly efficient, cost-effective and lawful path to obtain second citizenship.

Bahamas delisted from FATF grey list

The Bahamas has strengthened the effectiveness of its AML/CFT system

Malta registers current account deficit of €107 million

A surplus of €282.5 was recorded in the same period last year

Is complex compliance driving consolidation in Singapore?

As compliance oversight becomes more challenging, our clients and their advisors are looking at how they can streamline entity management and administration.

The CSSF Releases Updates on the Implementation of ESG Fast Track Procedure for Disclosure Updates

The sustainability risk assessment approach and related disclosures feed into UCITS prospectus

Regulation, Risk & Compliance