Managers of Wealth Offshore

BAHAMAS: Deferral of Loan Payments for Borrowers Displaced by COVID-19 Pandemic

Some financial institutions have already announced credit support that could extend beyond three months.

Harneys Cyprus continues to be highly ranked by Chambers Europe

A source said the lawyers are “very helpful and proactive,” before going on to note that they provide “comprehensive advice.” Another source said the team is “knowledgeable, responsive and business-oriented.”

Update on the Operation of the BVI Corporate Registry

This enables us to deliver high-quality work for our clients whilst prioritising the safety and well-being of our people.

Round up of EU banking regulators issue updates and advisories on COVID-19

Mostly importantly the EBA confirms that banks can fully use capital and liquidity buffers, including Pillar 2 Guidance (P2G) and will benefit from relief in the composition of capital for Pillar 2 Requirements.

PilatusBank was a ‘money transfer operation’

While its total equity was of €10.8m, Pilatus had just six loan clients and six to whom the bank had provided financial assistance in connection to residency schemes and applications to buy a Maltese passport.

Covid-19: What next in Jersey - should I be worried about wrongful trading?

Businesses face a serious challenge in the current crisis.

Malta Financial Regulator Warns Against Unauthorized Crypto Firms

The document’s letterhead prominently displays the British royal coat of arms.

Antigua - Barbuda ambassador calls for World Bank - IMF urgent attention to all vulnerable economies

The WBG and IMF should not stop there.

RBC closes 3 branches temporarily

Effective Wednesday, some RBC Royal Bank branches in Trinidad and Tobago will close.

The Bahamas: Employer Obligations During COVID-19

Under the EA, employees who have been employed for at least six months are entitled to one week of paid sick leave and are required to produce to their employer a medical certificate

Govt. in talks with banks over COVID-19 assistance

The Prime Minister also noted that National Insurance Board (NIB) will be encouraged to engage hotel owners about the possibility of advancing NIB unemployment benefits on behalf of the Government.

Tax in the time of COVID-19

The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.

Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis

In fluid situations, these conditions are hard to meet.

Holding the Line on Ultimate Beneficial Ownership

To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a

Regulation, Risk & Compliance