Managers of Wealth Offshore

New streamlined permits regime introduced in Mauritius

New rules announced in the Budget speech

Global Anti-Money-Laundering Fine Amounts Released

For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.

Cyprus and Russia agree to double taxation treaty amendment

This is very good news for Cyprus. A termination of the agreement would have proven a great challenge for our economy."

New name, new visual identity – A new bank?

CEO Christian Bjørløw tells about how the new name and visual identity were created and how Trusted Novus Bank has handled the transition so far.

Private Banking and International Environmental Goals – Aligning Misalignment

Reaching international environmental goals needs financing, and private banks have their hand on a significant lever guiding where finances flow globally.

ERA still conducting analysis of land reclamation sites

Environment and Resources Authority confirms that 'analysis' of potential land reclamation sites are still underway

Bermuda simplifies and enhances "firewall legislation"

The Amendment Act contains a wide provision which requires that once the trust has been created

St. Kitts and Nevis reopening borders in October

Nevis will soon announce reopening plans.

Fit and Proper - How to Manage Employee Breaches if You Are a Regulated Business

At all times, the employer will need to weigh up the competing requirements of the regulatory and employment regimes in Jersey.

Mauritian Government Adopts New National Budget Measures in the Finance (Miscellaneous Provisions) Act 2020

The Bank of Mauritius Act has also been amended to introduce the concept of “digital currency” as the central bank digital currency issued by the Bank of Mauritius.

Update on economic substance in the Cayman Islands

This briefing note discusses the substance regime in place in Cayman and highlights the key changes and practice points referenced in the Amendment Law, Amendment Regulations and Updated Guidance.

Fimbank fined €168,943 for ‘serious’ anti-money laundering failures

FIAU says remedial action being undertaken by bank at the time of review

Alternative Investment Funds 2020 Guide: Cayman Islands

An analysis of the laws and regulations of alternative investment funds in the Cayman Islands.

IoD debate hopes to inform Revive and Thrive discussion

It will be circulated before the event, and the results will be presented in a panel discussion moderated by James Falla.

Mauritius Issues Regulations Under the Mauritius Insolvency Act 2009

On 21 July 2020, the Minister of Finance, Economic Planning and Development issued the Insolvency (Extension of Time During COVID-19 Period) Regulations 2020 (Extension of Time Regulations) under the Insolvency Act 2009 (Insolvency Act) (GN 163 of 2020).

Regulation, Risk & Compliance