12/07/2020
AG continues to make the case for The Bahamas’ removal from EU blacklist
The Bahamas’ inclusion on the EU’s blacklist was based upon its presence on the Financial Action Task Force’s (FATF) monitoring list.
12/04/2020
Two Steps Forward, One Step Back: The Limits of New Standards on Assessing WMD Financing Risk
At its recently concluded October plenary, the FATF adopted language into its standards that now requires countries – as well as private sector actors – to understand and assess their PF risk, and tailor their counter efforts accordingly.
12/04/2020
Artex in Guernsey has already implemented a captive cell solution within 48 hours.
12/04/2020
The Commission said those entities were not registered nor authorized to conduct financial services business in this jurisdiction.
12/03/2020
The recommendations made to the G20 reflect a growing trend at an international level to enhance transparency in beneficial ownership.
12/03/2020
Key points and notification requirements of the Republic of the Marshall Islands Economic Substance Regulations 2018 amended Guidance.
12/03/2020
In the context of cross-border insolvency and restructuring, the rules of private international law and conflict of laws have not been codified and cannot be discerned in a single set of statutory rules.
12/02/2020
Luxembourg CSSF Communication on Temporary Permissions Regime
A short summary of the Commission de Surveillance du Secteur Financier's press release reminding Luxembourg based funds and firms of their options in the context of the UK's temporary permissions regime.
12/02/2020
Procedural changes to company migrations into and out of Guernsey
The changes add further certainty to the migration process for clients and advisors.
12/02/2020
EU, FATF lists causing correspondent banking problems
Bethel said there are cost implications to these kinds of problems with correspondent banks that place the country’s financial sector at a competitive disadvantage.
12/01/2020
GFSC signs MoU with Guernsey Banking Deposit Compensation Scheme
The GBDCS was formed in Guernsey in 2008 during the financial crisis as an important safeguard for Guernsey depositors.
12/01/2020
Legal Services Bill marginalises Caymanians
The proposed LSB also states that a person who is otherwise be entitled under the Immigration (Transition) Law
12/01/2020
Notice - Maples and Calder (Ireland) LLP
Claire’s appointment is part of a long-term international investment strategy and follows a number of recent strategic appointments across our global offices to ensure that we continue to effectively meet the ever-changing needs of our clients.
12/01/2020
Before transitioning to the OFR, any eligible foreign investment fund which is to be marketed in the UK, is required to be opted into the Temporary Permissions Regime ("TPR") by no later than 30 December 2020.
12/01/2020
Firms will be notified soon that their fee invoices are ready for collection through the myJFSC portal.
12/01/2020
The Bancorp CEO Damian Kozlowski said the order was quite broad in its application.
11/30/2020
An entity that indicates it does not comply with Economic Substance Regulations in the declaration section will be required to indicate which parts it failed to comply with.
11/30/2020
Those disclosing SARs need to be confident that, when filing them, their data will remain confidential. If not, then they need to have the right to a remedy against FinCEN.
11/30/2020
Clarity on employer obligations to home working employees is particularly welcome due to the significant increase in employees working from home on a full or part time basis due to COVID-19 restrictions.
11/30/2020
Regulation is necessary and should provide a clear framework for asset managers and suitable protection for investors.