08/27/2019
Jamaica stops exchanging Bermuda money
Given this development, the only recourse at this time is to cease accepting the Bermudian dollar.
Regulation, Risk & Compliance
08/26/2019
SMCR: A new era for international compliance
All of this puts current international heads of compliance in an interesting position. Accept responsibility they can't realistically adopt (or don't want to) - or hand over the head of compliance title to someone who will, or who feels they ca
08/25/2019
MoU Signed to Extend EPOC’S Monitoring of ERP
In his remarks, Dr. Clarke said the Government is far advanced in enacting legislation to modernise the Bank of Jamaica, inclusive of institutionalising independence in the implementation of monetary policy.
08/25/2019
A CRS Compliance Program for Fiduciaries (Swiss and Bermudian Editions)
All the tools fiduciaries need to implement CRS & FATCA. Simply.
08/23/2019
Data breach for P&R in Guernsey
The Office of Data Protection has taken action against one of the States of Guernsey’s key departments.
08/23/2019
OECD Releases Action 14 Peer Reviews For Six States
The phase 2 peer reviews look at how the countries have responded to recommendations resulting from their stage 1 reviews, into their dispute resolution frameworks.
08/23/2019
MoU Signed to Extend EPOC’S Monitoring of ERP
Dr. Clarke said the Government is far advanced in enacting legislation to modernise the Bank of Jamaica, inclusive of institutionalising independence in the implementation of monetary policy.
08/23/2019
Jewellers warned of sector’s financial risks
The Department of Commerce and Investment (DCI) hosted the workshop as part of its CFATF requirements as supervisor of Designated Non-Financial Businesses and Professions (DNFBPs).
08/23/2019
Court of Appeal Affirms That Confidentiality Orders Should Be Rare
The Court of Appeal strongly disagreed with this logic and ordered that the appeal should in any event be public.
08/22/2019
Cayman brings together public and private sector in fight against money laundering
The Cayman Islands has always worked hard to stay abreast of global regulatory measures.
08/22/2019
Maltese regulator to limit CFDs harm to retail investors
After Esma’s temporary restrictions on sale of contracts for difference
08/21/2019
Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies
Investment companies whose shares are admitted to the main market of the LSE with a premium listing may choose to apply the AIC Code to meet their obligations under the UK Corporate Governance Code (UK Code) issued by the Financial Reporting Council
08/21/2019
GDPR one year on: what have we learnt?
GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi
08/20/2019
Three more Haitian diplomats at Nassau embassy recalled for “wrongdoing”
Reports suggest Haitian govt. intends to replace all personnel at embassy in Nassau
08/20/2019
EU to revive money laundering blacklist with new criteria
A month later, EU governments rejected the list after heavy lobbying by Saudi Arabia and the United States.
08/20/2019
Bermuda Tourism Authority hires US consultancy
Tourism is unsurprisingly a key cog in Bermuda’s economy.
08/19/2019
Amalgamation and Migration Under Mauritius Law
This article endeavours to highlight the often forgotten concepts of amalgamation and migration
08/19/2019
Enforcement of Arbitral Awards
The legislative framework pertaining to the enforcement of an international award is derived from two pieces of legislation and a rule of the Mauritian Supreme Court
08/19/2019
BMA treatment of tier 3 capital different to other jurisdictions: Fitch
In Bermuda, securities approved for Tier 3 capital treatment have no provision to defer interest payments or principal repayment at maturity, even for breach of solvency ratios.
08/18/2019
Brussels plans to revive money laundering blacklist
Previous bid to name non-EU countries ran into diplomatic row with accused countries