Managers of Wealth Offshore

TISE joins AFME

TISE’s membership of AFME puts us amongst the leading capital markets participants, and at the centre of policy discussions concerning the future of financial markets in Europe.

OECD amends model digital platform reporting rules to offer option for extended scope

The new document comprises two parts: a new module containing amendments to the original model rules and interpretive guidance, and a new multilateral agreement to support the international exchange of information collected.

BVI Costs: Further Guidance from the Court of Appeal

Our Update of June 2020 discusses comments on relevant case law

“Brothers in Arms”: How Certain Companies in Dire Straits can Implement Restructurings with Cayman Islands Assistance

The unprecedented financial volatility and operational uncertainty brought about by the COVID-19 pandemic has forced many companies to consider a range of restructuring options in a variety of jurisdictions, either on a proactive basis or as a reaction to

How Bermuda's new cyber regulation will impact its insurance industry

The introduction of the Code is welcomed.

Nayms raises $6m as it prepares to launch digital token for its insurance market

The NAYM token is designed to enable participants on the Nayms Insurance Market to share in the growing value of the network.

FATF votes to greylist Malta

Global anti-financial crime watchdog advises enhanced monitoring for Malta

Deloitte’s offshore offices to merge

In addition to the three islands and Gibraltar, he will be responsible for the UK firm’s Financial Services audit business focusing on pensions

US charges duo over Cayman Islands fund fraud

They ‘routed nearly all investor funds to shell companies under the defendants’ control’

MFSA highlights work to combat financial crime in status update

Financial regulator emphasises work accomplished, days before FATF vote

MALTA: International property fair co-funding scheme launched

The scheme closes at the end of September or when all the funds are allocated and is valid for participation in events happening between 30th June 2021 and 31st December 2022

How Bermuda's new cyber regulation will impact its insurance industry

A reasonable requirement is that such arrangements be subjected to a risk assessment and secured with appropriate controls.

Ontario regulator takes aim at crypto firm Bybit

Additionally, the OSC stated that platforms that allow access to Ontarians are regarded by the OSC as operating in Ontario for the purposes of securities regulation.

Developers, realtors offered AML seminar

As a result, alarm bells have been ringing about whether developers and real estate agents here are able to cope with the complex compliance required.

Bedell Cristin advises Augusta Ventures on its £250 million fundraising

The oversubscribed fundraising was supported by Beach Point Capital Management

Successful transactions of securities with Central Bank Digital Currency

Banque de France successfully used Central Bank Digital Currency in a test environment

SEC charges three more defendants in alleged US$30 million ICO fraud

The SEC’s complaint charges Hamid, Gietz, and Page with violating, as well as aiding and abetting violations of, antifraud provisions of the federal securities laws and with violating securities registration requirements.

Guernsey Economic Substance Update: Scope Extended to Include all Partnerships from 30 June 2021

These new regulations consolidate all existing regulations issued to date regarding economic substance in Guernsey and also extend the scope to include all forms of partnership (general partnerships, limited partnerships and limited liability partnerships

GDPR - EU Commission adopts new Standard Contractual Clauses

This judgement declared the EU Commission's decision on the adequacy of data protection provided by the EU-US Privacy Shield invalid

KPMG and The ID Register form alliance

Service providers to rely on The ID Register, reducing risk, overheads and barriers to growth.

Regulation, Risk & Compliance