02/25/2021
Guernsey’s fast track pre-authorisations expected to help boost captive formations in 2021
A captive can go ahead with changes to retentions, changes to reinsurance, to fronting arrangements, they can add new lines of business and they can do that without needing to provide any notification or await any approval from the Commission.
02/25/2021
Electronic signatures – issues to consider, and how the law in Jersey and Guernsey is developing
Since 2000, both Jersey and Guernsey have had legislation which makes it clear that that contracts may be formed by electronic means
02/25/2021
Mandatory Disclosure Rules
The Regulations do not follow the EU model enacted as DAC 6 (EU Council Directive 2011/16) (DAC 6).
02/25/2021
Heads of state launch historic UN plan to stamp out global tax abuse
The tax reform proposals were harshly criticised by leading economists
02/24/2021
Bermuda Announces New Economic Investment Residential Certificate
This is the Government’s latest immigration initiative aimed at increasing economic activity in Bermuda
02/23/2021
While there is no suggestion that any of the funds provided by Angola were of suspicious origin or that the investments into which the funds were placed were themselves suspicious, LGL failed to identify the real risks of money laundering that were appare
02/23/2021
The survey, which issued 42 questions set against the impact of "catastrophic physical damage" resulting from a Category Five striking New Providence and Grand Bahama, received 94 responses from the 110 institutions targeted for a reply rate of
02/23/2021
In order to be sanctioned, these individuals must have been found to be responsible (thus who have caused or contributed to) for AML/CFT breaches committed by that subject person.
02/23/2021
Specifically, the regulatory bodies and competent authorities focused on receiving clarifications and refinements to the existing regimes, which continued to occur in January 2021.
02/23/2021
Advance directives have been around for some time, the UK for example has had these types of directives available to persons for many years.
02/23/2021
The Bahamas was one of the last jurisdictions in the common law world that required an actual seal to be affixed to deeds.
02/23/2021
The Form must be initiated and submitted by the compliance officer in charge of the control of compliance with the professional obligations of the Fund respectively the IFM, or by the person responsible for compliance with the professional obligations.
02/23/2021
It is compulsory for signatories to report on their responsible investment (RI) activities annually
02/23/2021
The Monetary Authority Law and the Banks and Trust Companies Law provide the legal framework for banking supervision in the Cayman Islands.
02/23/2021
The Board rejected the liquidator’s additional arguments that the speed and concision of the trial Judge’s judgment ought to attract criticism.
02/23/2021
ONE of Jersey’s largest finance firms is planning to reduce its office space by a third, with more staff to work remotely and greater shared-space hot-desking.
02/21/2021
HelloMonaco is introducing you to the Principality’s most famous business dynasties whose brands have long gone global.
02/19/2021
Woodford’s new business, WCM Partners, would need to apply for appropriate permissions before commencing any regulated activity in the UK.
02/19/2021
Dematerialisation is essentially the process by which physical documents and certificates are changed into and then used in electronic format.
02/19/2021
The case involved two breaches of the 2008 Money Laundering Order