Managers of Wealth Offshore

The British Virgin Islands and the FATF “Monitoring List”

The BVI’s addition to the Monitoring List should not impact any existing representations or commitments made by tax authorities

Simplified Due Diligence in Bermuda

Simplified Due Diligence (SDD) and Reduced Due Diligence (RDD) are legally permitted and regulatory-endorsed tools under Bermuda’s Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008.

Important Update for BVI Companies: Expiration of 9 Month Extension for Filing Initial Annual Financial Returns

Accordingly, initial annual returns that were originally due by 30 September 2024 must be filed by 30 June 2025.

Planning application fees to rise by 17%

Planning and building control fees last rose in 2024 by 7.3%.

UK and Cayman Islands issue joint statement on partnership after government meeting

The wide-ranging discussion covered areas of mutual collaboration, including the environment, security, financial services and sanctions.

Sanctions versus contractual liability in Jersey law

It provides valuable insight into the considerations of the court in Jersey (the Court) in the emerging area of sanctions law where case law remains light.

Recreational land rights upheld by the Privy Council

This decision, with its clear emphasis on substance over form, is of significant importance both in the Cayman Islands and in the numerous jurisdictions with comparable land registration systems

Prime Minister Drew Confirms Regional CBI Regulatory Body To Be Operational Within One Month

The regional regulatory body will unify and strengthen due diligence procedures, establish shared compliance standards, and improve international credibility for the CBI industry

Tax Amnesty Extended To May 2026 In Saint Lucia

Ms. Ellie emphasized that the amnesty does not exempt taxpayers from paying the taxes they owe. The relief applies only to penalties and interest.

Whistleblowing in Jersey update

Protection would extend beyond employees

Government offers rollover option for maturing 62+ Savings Bonds

Bondholders of 2020 issue invited to transfer funds into new 5-year bond at 2.7% interest, from July 21.

BILTIR and ABI sign MoU to boost global reinsurance industry

The MoU provides another opportunity to enhance that work and further support global cooperation.

Key considerations for trustees deciding whether to exercise their power of appointment

In all cases, the trustee must be careful to avoid irrelevant considerations and remain impartial

Policy on AI being drafted by govt

The Bahamas is not alone in its effort to get ahead of artificial intelligence.

Secured creditors and immovable property: a landmark ruling from the Royal Court of Jersey

This would otherwise have involved a process to realise all of the debtor's immovable and movable property.

Appleby Expands Dispute Resolution Expertise in Greater China with Appointment of Alvin Sin as Partner in its Shanghai office

Alvin regularly advises investment banks, multinational corporations and professional services firms on regulatory and compliance matters.

Regulation, Risk & Compliance