Managers of Wealth Offshore

Zammit Lewis’ recusal from ethics committee has to be initiated by members – Speaker

The Qormi politician allegedly also received some €9,000 from Fenech as a gift.

British Virgin Islands Economic Substance Reporting Requirements

Reporting is made by the Registered Agent through the Beneficial Ownership Secure Search System which has been set up by the ITA to facilitate secure reporting.

Final consultation paper issued before new UK Investment Firms

Newgate Compliance's Managing Director, Matthew Hazell and Consultant, Shazad Khan break down the key highlights

Off‐Shore Crypto Exchange to Pay Up to $100 Million

Civil enforcement actions and criminal charges against BitMEX’s founders are pending.

States centralisation "a huge palaver and enormous waste of time"

STSB Vice-President Charles Parkinson, who is drafting the policy letter, wants the States to consider a shift in the way those assets are able to operate.

Cabinet approves bonus payments for Stock Exchange staff

CEO: No government funding is being used

Less than half of company annual confirmation statements filed as 30 September deadline approaches

This follows the trend seen in previous years for annual return filings.

BMA speeds up cat bond registrations

“The process takes weeks in some parts of the world.

The Filing Deadline for Private Funds Annual Return is Coming Soon - Are You Ready?

CIMA did not publish the FAR Form publicly meaning only a registered private fund (or a person authorised to act on its behalf) may access the FAR Form within the REEFS system.

Guernsey’s Data Protection Authority publishes its 2020 Annual Report

The ODPA’s key strategic objectives set out how it seeks to predict and prevent harms to individuals from poor handling of their personal data and ensure that detection and enforcement activities are proportionate and effective.

Rules change "aligns TISE with high-quality market trends"

In revising its listing rules to clarify certain disclosure and structuring requirements, TISE is undoubtedly aligning itself with market trends in targeting high quality, institutional investor-led SPAC activity.

Grounds For Objection To Appointment Of Voluntary Liquidators As Court-Supervised Liquidators, Confirmed.

Challenges to voluntary liquidators taking appointments as official liquidators are fairly common in Cayman

BMA seeks more Seamless Marketplace with ILS Process Enhancements.

To discuss the changes and what this means for both ILS market participants and the Bermuda marketplace, Artemis spoke with Adderley, who has been working with the BMA on this matter.

FACT Sent Comments to FATF Urging Strong Beneficial Ownership Regulation

A centralized registry of beneficial ownership information is unequivocally more useful in serving the broader goals of transparency, efficiency, accuracy, and access.

Bermuda re/insurers have paid $210bn to US policyholders since 2016

The survey shows a significant increase in annual payments to those in the US – more than doubling in five years from $24.4bn in 2016 to $58.8bn in 2020.

Key market developments in the Isle of Man

The Isle of Man Government recently passed the Beneficial Ownership (Amendment) Act 2021 which comes into force on 1 September 2021.

Policy & Resources hopes for full and candid debate as Tax Review is published

The Committee does not believe the ultimate solution must be limited to one of these three options, but it does stress to States Members that any solution needs to be realistic and recognise the scale of the challenge.

U.S. authorities freeze assets, charge British Columbians in 'long-running fraudulent scheme'

Major Canadian player in Panama Papers scandal, former B.C. lawyer Fred Sharp, is charged by SEC, FBI

Pierre Ali-Noor passes final Advocacy examinations

He is also short listed for the Citywealth Future Leaders award for Lawyer of the year IFC Senior/Managing Associate.

Business registry and FIAU to collaborate in bid to get off FATF grey list

Entities agree to share information on ultimate beneficial ownership

Regulation, Risk & Compliance