Managers of Wealth Offshore

Cayman Immigration and Employment Questions Arising Out of Covid-19

Notice pay is determined by reference to the contract of employment. Where no notice period is prescribed it is deemed to be the interval between pay days.

Cayman Set to Introduce New Virtual Asset Legislation

The Bill defines virtual asset services as providing one or more of the following services or operations for or on behalf of a natural or legal person

The growing popularity of Jersey funds

The stable political environment and very proactive regulatory and governing bodies make Jersey a very popular jurisdiction with ZEDRA’s clients

Gov’t preps to deal with ‘lean times’

Government is also considering an increase in borrowing, McLaughlin told the press.

Caribbean Resorts and Destinations Expand COVID-19 Restrictions

“As the global community grapples with the effects of the Covid-19 pandemic, the safety, and well-being of our staff, partners, guests and citizens of The Bahamas are our top priority,” the statement adds.

Bermuda: Economic Substance Industry Notice

As Bermuda responds to the effect of COVID-19, the Registrar acknowledges that business continuity is challenging and as such, where meetings or other similar compliance measures are not possible due to necessary travel or quarantine restrictions, this ma

A time for Caribbean unity

Subsequent to this meeting, there have been about one hundred Covid-19 cases in the Caribbean, with four deaths.

Saint Lucia-based Caribbean Association of Banks remains open for business

The health and safety of our team is paramount, and so we have asked them to work from home for the time being.

Malta’s FIAU slaps Credorax Bank with €51,000 fine

In a separate FIAU notification, the unit said that an unnamed notary had been ordered to improve anti-money laundering controls.

Follow the money: How to combat money laundering

Firms need to understand the risks and be alive to the constantly evolving threats in the landscape, as there is no one-size-fits-all approach to AML, says Louise MacDonald of HMRC’s Fraud Investigation Service.

Financial Services Update – Cayman Islands Government

The Ministry addressed a number of matters as part of its business continuity plans in relation to the coronavirus (COVID-19) pandemic.

Bahamas Strengthens Its Protections Against COVID-19

The Bahamas Ministry of Tourism & Aviation continues to implement updated protocols and protection measures, guided by the Ministry of Health and other government agencies, in alignment with the country's Preparedness and Response Plan for COVID-

Minister lays down the law on closures

A $500 a day penalty will also be imposed for continuing offences.

JERSEY: Late fees capped for annual returns

You can still get a certificate of good standing regardless of whether we still need to process your return.

Coronavirus-related scams surge as fraudsters exploit pandemic concerns

The first Covid-19 related scam report was made on February 9.

Jersey Finance Welcomes Banks’ Commitment to Small Businesses

The Jersey banking sector has already put into action a range of forbearance measures to deal with the initial impact of the corona virus.

The Continued Struggle with Anti-Money-Laundering Compliance

Some AML compliance departments function reactively rather than identifying future problems and responding to them preventively or avoiding the problems altogether—with some compliance departments resembling “factories” more than agile,

Collas Crill Corporate Services Limited Launces Regulatory Service

CCCS has qualified and experienced professionals who have extensive knowledge and understanding of the Cayman Islands regulations.

Changes to Guernsey's Corporate Insolvency Law and the Winding Up of Foreign Companies

Liquidators appointed over non-Guernsey companies under the new powers will be able to exercise their powers over those entities as if they were Guernsey-registered companies.

Cayman Islands to maintain funds appeal with latest regulatory changes

The Asian fund market is starting to show its intent to provide alternatives to traditional fund structures which cater and appeal more to Asia-based investors.

Regulation, Risk & Compliance