01/21/2020
The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients.
01/21/2020
Alongside the supervisory authorities, the financial institutions of Bermuda and in particular the insurance sector, demonstrated a strong understanding of their exposures to ML/TF risks with supporting mature risk rating frameworks.
01/21/2020
Gov’t presses on to meet CFATF requirements
While Cayman insists its offshore sector is extremely well regulated, there are still vulnerabilities there and across other previously unregulated sectors.
01/21/2020
There are significant penalties for those individuals and entities failing to fulfil their responsibilities.
01/20/2020
On 30 January, the new bill and the amendment will be put before the Legislative Assembly for any final amendments, before they are passed into law.
01/20/2020
Key Regulatory Topics: Weekly Update 20 December 2019 - 9 January 2020
Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector.
01/20/2020
This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.
01/20/2020
The FRC noted their policy seems to have made an immediate impact on the FTSE 250 with the number of chair’s serving for over 9 years dropping by 33% (from 73 to 49)
01/20/2020
It is also working to implement its framework for licensing and supervision of relevant private trust companies and to ensure the appropriate oversight of privately funded charities.
01/17/2020
Collas Crill Explainsreinstating A Dissolved Jersey Company
The Law has a procedure that allows a Jersey company which has been dissolved to be reinstated.
01/17/2020
Laments continuous changes in international rules
01/16/2020
The relationship between Jersey and the Middle East is an important one.
01/16/2020
This change will bring BVI into line with other jurisdictions who have enacted similar legislation in recent times
01/15/2020
Panama remained on the list for the same reasons
01/15/2020
The Commission de Surveillance du Secteur Financier, published CSSF circular 19/732 regarding clarifications on the identification and verification of the identity of ultimate beneficial owners.
01/15/2020
A new EU Disclosure Regulation EU/2019/2088 on disclosures to be made by asset managers and investment funds relating to sustainable investments and sustainability risks has been made.
01/15/2020
France has blamed the jurisdictions' deficiencies in the exchange of tax information for the listing, stating that French tax authorities were unable to obtain the requested information.
01/14/2020
Under the bill, CIMA will have the power to enforce special measures against a private fund if the authority believes the fund has breached
01/13/2020
The FCA is now the anti-money laundering and counter terrorist financing supervisor for businesses carrying out certain cryptoasset activities under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
01/13/2020
The Notice highlights the prohibitions relating to asset freezes