03/20/2020
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,
03/20/2020
CCCS has qualified and experienced professionals who have extensive knowledge and understanding of the Cayman Islands regulations.
03/20/2020
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.
03/20/2020
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.
03/20/2020
These practices will no doubt continue during the disruptions caused by the Covid-19 pandemic.
03/20/2020
We strongly urge persons not to continue through to the Sister Islands.
03/20/2020
"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."
03/20/2020
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
03/19/2020
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.
03/19/2020
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.
03/19/2020
Update prepared by Stephen Alexander (Partner, Jersey) and Tony Pursall (Consultant, London)
03/19/2020
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.
03/19/2020
Later this year, the project will enter its second phase and transition to a six-month rollout across the Eastern Caribbean region.
03/19/2020
The JCT has also released a technical explanation of the credit provisions.
03/18/2020
But economy minister deems move ‘unwise’
03/18/2020
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.
03/18/2020
The bank is also reviewing fee schedules and payment terms of certain other products and may make changes to provide additional relief to customers
03/18/2020
We want the general public to apply online for what services are available there and skip the lines.
03/18/2020
The BMA also said it recognised the challenges around holding physical board meetings in Bermuda
03/18/2020
Both ESMA and the CSSF have stressed the importance of maintaining an ongoing and active cooperation between national and European competent authorities.