04/15/2021
BMA confirms eight new re/insurance entity registrations in March
The BMA also approved Kettle as an innovative intermediary and BGC Re (Bermuda) as an insurance broker.
Regulation, Risk & Compliance
04/15/2021
Walkers' Guernsey team advises Platinum Compliance on sale to Ocorian
Platinum Compliance's regulatory and compliance services will now be also offered by Ocorian as part of an integrated client service offering.
04/15/2021
40% of Tavistock shareholders reject Jersey fund M&A bid
Board does not see any ‘commercial logic to justify a combination of the two businesses’
04/15/2021
Financial sector gets breathing room after dividend reprieve
Foreign exchange outflows expected to increase
04/15/2021
Financial Sector Reform Program Curaçao and Sint Maarten
The analysis has also revealed the need for legislative and regulatory reforms in the areas of intervention, enforcement, and resolution.
04/14/2021
Breaking down your offshore allowance
How much, how often and what to do if you breach the limits?
04/14/2021
Cyprus, Ghana and Kenya join growing list of countries to create beneficial ownership registries
The Panama Papers scandal helped create a “snowball effect” of international awareness on how anonymous corporate vehicles can enable tax evasion, corruption, and crime, advocates say.
04/14/2021
Mauritius updates to the Anti-Money Laundering and Combatting the Financing of Terrorism handbook
The Financial Services Commission (FSC) in Mauritius issued an Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (AML/CFT Handbook) in January 2020
04/14/2021
Malta launches new citizenship by investment programme
It is a member of the EU and offers its citizens visa free travel to over 180 countries.
04/14/2021
MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin
The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS.
04/14/2021
BVI Incubator and Approved Funds – when and how to convert
The new fund categories have proved popular with many new managers and, thanks to their growing asset bases, many of these managers are now reaching the threshold limits for conversion.
04/13/2021
BMA Introduces Innovation And ESG Subject Matter Expert Team
The team will also work with climate change risk solution service providers (to the financial services sectors) wishing to participate in the Authority’s innovation hub.
04/13/2021
Cayman Regulatory Update - Q2 2021
The Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter.
04/13/2021
Caribbean Cayman Regulatory Update - Q2 2021
The Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter.
04/13/2021
Cyprus Launches New Registry that Identifies Company Owners
The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.
04/12/2021
Financial Services In Review Of Uk Economic Agreement
The United Kingdom remains an important trading partner as The Bahamas seeks to expand its trade exports.
04/12/2021
MFSA protecting financial services consumers through supervision and enforcement
The MFSA also ensures that consumers are protected from scams which, Grech confirmed, with the increased use of technology have become more complex.
04/12/2021
BOJ warns against the LUMI again
The rise of alternative currencies, particularly digital tokens or cryptocurrencies, continues to channel money outside of the formal economy into digital and informal spaces.
04/12/2021
Financial Regulation – Guernsey well placed to attract sophisticated financial services business
Guernsey has carved out a strong position as tried-and-tested when finding the right balance between robust regulation and pragmatic solutions which enable the financial services sector to get on with business.
04/12/2021
Mergers and acquisitions involving a BVI regulated entity: navigating the BVI regulatory landscape
Walkers has the leading offshore dedicated regulatory team, providing BVI law expert regulatory advice from our offices in the BVI, the Cayman Islands, London and Hong Kong.