09/01/2020
New Cyber Event Reporting Requirements for Bermuda’s Insurance Industry
Cyberattacks can result in both financial and reputational damage.
Regulation, Risk & Compliance
09/01/2020
Government mulls pension holiday extension
The suspension of the pension contributions took effect, retroactively, from 1 April to 30 Sept.
09/01/2020
JTC Partners with LPGP Connect for 2020 CFO / COO Private Debt Conference
The event will focus on the latest developments and solutions for the most pressing issues facing CFOs & COOs looking to deliver operational excellence and ensure they understand the best solutions currently available, to stay ahead of the competition
08/28/2020
Prolonged pandemic could disrupt Malta's banking sector, warns central bank
It said that prior to the pandemic, overall bank liquidity was ample and this continued to rise given that savings continued to increase during the pandemic.
08/28/2020
Offshore Banking Institutions: 9 Reasons Why They’ll Remain Popular
The governmental regulations that offshore banks follow can often create a safer financial environment.
08/28/2020
AIFMD – Room for improvement
Two annexes to the letter contain the detail of the suggestions being put forward by ESMA.
08/28/2020
GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth
Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.
08/28/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
08/28/2020
Carey Olsen Bermuda's Keith Robinson among Transcontinental Trusts speakers
Carey Olsen Bermuda partner Keith Robinson is a panellist on the global litigation session on day one of the Transcontinental Trusts International Bermuda Conference.
08/27/2020
Further review of IHT by the APPG
The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.
08/27/2020
Government of Bermuda choose Ocorian as listing sponsor for US$1.35 billion BSX debt listing
Ocorian Securities (Bermuda) Limited was both part of the working group advising on the deal and the listing sponsor, chosen because of our proven track record and experience working with the Government on prior loan note issuances.
08/27/2020
Wealthy Nigerians are buying up passports for cash from Caribbean nations to beat visa rules
With around 40,000 passports believed to have been issued through investment migration programs globally, citizenship by investment is now estimated to be a $3 billion industry.
08/27/2020
Brexit Update: VAT and the Isle of Man
The Isle of Man has never been a member of the EU, despite the words ‘European Union’ emblazoned on Manx passports, but has had a unique relationship with the bloc due to its VAT and Customs agreement with the UK.
08/27/2020
Prospects for the future, Guernsey and elsewhere
The States is pursuing a Revive and Thrive strategy to restore the island’s economy which has been devastated by the Covid-19 pandemic.
08/27/2020
Bermuda Government raises $1.35bn in BSX bond issue
The BSX is experiencing increasing interest from the issuers of international debt securities and debt capital markets which is driving momentum in our listing support services.
08/27/2020
Boosting Mauritius’ reputation as a key enabler of trade
John Félicité, Business Development Director joined Global Trade Review's virtual roundtable to discuss the island nation's progress.
08/26/2020
Switzerland looks to attract Alternative Investment Funds
It is expected that the bill will be presented to Switzerland’s parliament for discussion later this year and will not come into force before 2022.
08/26/2020
Billionaire’s Malta assets under worldwide freezing order after Turkey coup arrest
Shipping mogul Mübariz Mansimov, arrested over Turkey coup and alleged Gulen links, has shipping empire based in tax-friendly Malta
08/26/2020
Sant tells Brussels to safeguard consumer banking as COVID-19 shutters more branches
As banks move to digital, Alfred Sant questions the EU’s commitment in protecting essential banking services
08/26/2020
GFSC-licensed fund at the centre of multi-million dollar dispute
The company's portfolio management services were provided by ACIS Capital Management G P (ACIS), on behalf of its general partner ACIS Capital Management LP (Acis LP).