Managers of Wealth Offshore

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.

Jersey – Navigating transactions through the practical difficulties of Covid-19

These practices will no doubt continue during the disruptions caused by the Covid-19 pandemic.

Cayman: International Travelers in transit to the Sister Islands

We strongly urge persons not to continue through to the Sister Islands.

Jersey: Employers Should Review Their Employment Policies In Wake Of Coronavirus

"This sheer variety means that employment policies need to be broad-ranging and ensure that all employees, and the employer, are suitably protected and accounted for."

BVI Court confirms third party disclosure orders in aid of foreign proceedings

In his judgment in KS v ZZ, Wallbank J took the view that it was highly unlikely that the BVI House of Assembly had intended that the legislation in the BVI dealing with disclosure of evidence for use in foreign proceedings should restrict the availabilit

HM Treasury Consultation On The Overseas Fund Regime

HM Treasury has published a consultation paper on a new Overseas Funds Regime which sets out a more streamlined regime for overseas funds. The consultation period is open until 11 May 2020.

Implementation of Cape Town Convention in Bermuda

The Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016 (the Cape Town Convention Act) gives effect to the Cape Town Convention in Bermuda and came into force along with the convention on 1 January 2018.

Anti-Bartlett clauses: what are the lessons to be learned from Zhang Li?

Update prepared by Stephen Alexander (Partner, Jersey) and Tony Pursall (Consultant, London)

DITC Activates Business Continuity Plan

The DITC, which falls under the remit of the Ministry of Financial Services, has contacted all external service providers to confirm their coronavirus contingency plans and obtain assurances of continuity of service.

Eastern Caribbean Central Bank’s CBDC Could Beat China to the Punch in 2020

Later this year, the project will enter its second phase and transition to a six-month rollout across the Eastern Caribbean region.

Senate approves coronavirus stimulus: Next stop – White House

The JCT has also released a technical explanation of the credit provisions.

Malta urged to use golden passport funds to fight coronavirus

But economy minister deems move ‘unwise’

Anyone travelling to the Bailiwick of Guernsey from anywhere in the world will have to self-isolate for 14 days

An exemption list for ‘critical roles’ to travel for reasons that are critical to the running of the Island will accompany this measure and is currently being prepared.

Butterfield lowers rates, reviews fees and terms

The bank is also reviewing fee schedules and payment terms of certain other products and may make changes to provide additional relief to customers

Regulation, Risk & Compliance