06/25/2020
Shortcomings were found in the identification and monitoring of ‘Politically Exposed Persons’ – customers in prominent public roles, putting them at higher risk of bribery and corruption.
06/25/2020
’HMRC provided submissions in the proceedings but again, declined to participate.’
06/24/2020
The annual returns (HE32) with preparation date from 01/01/2020 to 31/12/2020 may be submitted to the RoC
06/24/2020
Opportunities lie in four key areas: funds industry service provision, technology, portfolio and risk management, and fund governance.
06/24/2020
Update prepared by Helen Wyatt (Partner, Guernsey) and Annaliese McGeoch (Associate, Guernsey)
06/24/2020
Compre will finalise details with the BMA in the coming weeks.
06/24/2020
In addition, plans to charge interest on new tax debts will now be deferred until 1 January 2022 at the earliest.
06/24/2020
Everyone is going to get attacked, and especially ourselves and the likes of Cayman and Bermuda, because we have all these companies domiciled here.
06/24/2020
The way the Internet is set up now we all can find access to resources that store information.
06/23/2020
The framework makes Cayman an attractive destination for VASPs
06/23/2020
Former company director Alan Chick claimed that the GFSC breached his human rights during an investigation it carried out into his conduct when working in financial services.
06/22/2020
The regulator said this was just one example of the type of financial grooming they are increasingly seeing.
06/22/2020
Jason Noronha, Head of Actuarial and Analytics at Aon, who heads the firm’s non-life insurance actuarial consulting team, clarifies Solvency II regulations as they relate to reinsurance from Guernsey.
06/22/2020
The expectation is that businesses in sectors that are more reliant on tourist trade will be hardest hit and far more likely to require support over this extended period.
06/21/2020
While the JFSC has had the power to impose civil financial penalties for breach of these obligations since March 2015
06/19/2020
Speaking in the House of Assembly recently, the Premier said this is not the first time the UK has refused to give the BVI grants during a time of crisis.
06/19/2020
The changes proposed to Guernsey's insolvency law are substantive and will see the jurisdiction align with the UK and other offshore centres.
06/19/2020
Each scenario envisaged an asset shock in which the risk free interest rate fell by 100 bps, with a widening of corporate bond spreads according to credit rating of 150bps for AAA rated assets down to 400bps for BB rated and lower or unrated paper.
06/19/2020
The FSC has thus confirmed that it will continue to maintain a flexible approach
06/18/2020
The introduction of this fast-track application process will make Guernsey an even more attractive prospect for managers in the future.