Managers of Wealth Offshore

Jersey Court creates a new exception to the revenue rule

The revenue rule still stands in Jersey

Is this the end for GP11?

This includes removing the need for public consultations, lengthy planning inquiries and independent inspectorates.

External reserves see $111 million boost in February

However, net inflows from the public sector moderated to $16.8 million, down from $75.8 million in the comparable 2023 period,” the regulator noted.

Consultation Paper on Unclaimed Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020

The Thematic Review identified that Unclaimed Money is not dealt with in a consistent manner

MAPFRE MSV Life plc declares 2023 bonuses

Regular bonus of 2.5% (net of tax in the hands of the policyholders) on core products

Central Bank's Regulatory and Supervisory Outlook Report 2004

The report was accompanied by a letter to the Minister for Finance

Short term holiday lets in Jersey

The 2024 Order amends the General Development Order so that a dwelling (or part of it) can be used as accommodation for visitors without the need for planning permission

Legal update: Changes to the Employment (Jersey) Law 2003: new parental bereavement rights

The bereavement leave is available to mothers and fathers

Jersey Private Funds maintain appeal while bank deposits climb against backdrop of difficult market conditions

Corporate activity also remained positive with a total of 35,379 companies on Jersey’s register at the end of the year

Bahamas central bank reduces exchange controls on some transactions

The current transactions are mostly trade-related.

America should look to the Caribbean for crypto regulation

Operating in America’s regulation-by-enforcement environment is akin to building a house without a blueprint

The outlook for rate cuts

Expectations for the first rate cut are currently being postponed by three months

United States and Barbados partner to improve court system efficiency

Chief Justice Cheltenham expressed gratitude at the project launch.

Cayman Islands Schemes of Arrangement now available for Exempted Limited Partnerships using the Restructuring Officer Regime

With the increasing use of the restructuring officer regime in the Cayman Islands

Changes to payroll tax legislation approved in Senate

The amendment allows those hired between that period and March 31, 2026 to be included under the waiver

Walkers advises on Jersey’s first tokenisation platform

Our team advised Backed Finance AG on all Jersey legal and regulatory aspects in forming the Jersey issuer of tokenised assets

Liquidators to pay back Bittrex Global creditors

The company’s petition for its winding up was presented to the Supreme Court on March 8 and is set for hearing on March 28.

PM: ‘Assault’ on offshore financial centers caused 50 percent decline in the financial services sector’s contribution to GDP

They are the ones taking unto themselves the right to be the authoritarian and the police of the world in financial services matters.

Central Bank issues alert over consumer loan scam

The Central Bank reminds the public that it does not offer loans or banking services to the general public.

Companies Act amendments - Cayman Islands

The Amendment Act is not yet in force and will come into force by the making of a subsequent Cabinet order.

Regulation, Risk & Compliance