09/13/2021
Hong Kong | Management and disclosure of climate-related risks by fund managers
Who is impacted?
Regulation, Risk & Compliance
09/12/2021
The new EU Commission AML/CFT legislative package revealed
If adopted as such, it will trigger substantial amendments to the current AML/CFT framework.
09/12/2021
SEC sues Rivetz over Cayman-based US$18 million token sale
The token sale between July and September 2017 raised the equivalent of US$18 million from investors
09/10/2021
CIGA, Brexit and the recognition of Part 26A Restructuring Plans in Guernsey and Jersey
This Walkers’ briefing addresses issues that may be relevant to the recognition of foreign insolvency officeholders
09/10/2021
JTC Reaccredited As STEP Gold Partner
At JTC, we strongly believe in continuous learning and development; this is essential in our mission to be excellent in what we do and therefore excellent in how we support our clients and each other.
09/10/2021
Jersey Resolution Authority for banks to be set up with JFSC support
The Authority will set the strategic direction of work on bank resolution, oversee the exercise of its legal duties and obligations, and help raise the international profile of the Authority among international counterparts.
09/10/2021
Bermuda | Three Day Registration for Special Purpose Insurers Issuing Bonds
The BMA is a well-respected financial markets regulator, a reputation which extends beyond Bermuda, and has been earned in part through the BMA's ability to innovate and collaborate with market participants.
09/10/2021
Malta expected to spend 2022 under FATF greylist
Fight against tax evasion targets foreign entities using Malta as layer in elaborate structures to evade tax
09/10/2021
BVI Court Orders Indefinite Committal Of Extra - Territorial Contemor
Where a party to BVI proceedings is found to be in contempt, the court has a discretion as to whether it will continue to hear the contemnor.
09/09/2021
What the expanded scope of Cayman Islands’ Private Funds Regime means for fund managers
The intention of the Act is to strengthen investor confidence in Cayman Islands fund vehicles and to ensure that the Islands remain competitive for investment fund formation.
09/09/2021
Mauritius tax update: The MRA issues a Statement of Practice on Trusts and Foundations
Read our latest briefing note on the Statement of Practice recently issued on Trusts and Foundations in response to amendments brought by the Finance (Miscellaneous Provisions) Act 2021 to the Income Tax Act 1995.
09/09/2021
Government seeks input for beneficial ownership revamp
By 2023, public beneficial ownership standards are expected to become the global standard, the ministry said.
09/09/2021
Think Markets Think Capital Limited
The Authority has not issued any licences to any of the ThinkMarkets companies including Think Capital Limited.
09/08/2021
CBC, stakeholders agree on ten steps to speed up banking procedures
The Association of Cyprus Banks (ACB) in a statement issued afterwards said the banks “have listened carefully” to the concerns and thoughts of the economic stakeholders
09/08/2021
European Commission Publishes New AML / CFT Action Plan
The proposals aim to facilitate effective and consistent cross-border application and implementation of EU AML / CFT rules and introduce a new more stringent enforcement framework in the EU.
09/08/2021
Jersey bans foreign home ownership. Should Cayman follow suit?
A tale of two territories
09/07/2021
24 companies renounced Malta licence after FATF greylisting
The government has not been convincing that it has a plan to get out of greylisting and if it does, it has not effectively communicated those plans.
09/07/2021
CI Passport fee removed for seniors
The fee waivers were first recommended in 2019, and the Deputy Premier explained that a subsequent analysis showed that the implementation of the policy would have a negligible impact on Government revenues while also providing a real benefit to Cayman&am
09/07/2021
Grand Court confirms test for liquidator independence
No other creditors expressed opposition to the appointment of the VLs and on the eve of the hearing, another significant creditor confirmed in evidence that it did not oppose their appointment.
09/07/2021
Snapshot: Cayman Islands Antecedent Transactions
These may also apply to Limited Liability Companies, Partnerships, Exempted Limited Partnerships and, in certain circumstances, to foreign companies, but this summary focuses on CayCos.