01/22/2020
To keep up with competitors around the world, European companies must channel more funding into research and development. The Cayman Islands is opening up businesses’ access to capital through diverse investment options
01/22/2020
The collaboration will allow NIB&T to leverage Kroll's expertise and augment NIB&T's footprint servicing a fast-growing private banking and corporate banking global clientele.
01/22/2020
The Bill will be considered by the Cayman Islands Legislative Assembly on 30 January 2020 and, thereafter, drafted into law.
01/22/2020
These strengths are offset by the external risks to Guernsey’s economy and policymaking framework, and its lack of meaningful monetary flexibility.”
01/22/2020
Brexit will therefore have no direct impact on the Channel Islands' financial services industries.
01/21/2020
The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients.
01/21/2020
Alongside the supervisory authorities, the financial institutions of Bermuda and in particular the insurance sector, demonstrated a strong understanding of their exposures to ML/TF risks with supporting mature risk rating frameworks.
01/21/2020
Gov’t presses on to meet CFATF requirements
While Cayman insists its offshore sector is extremely well regulated, there are still vulnerabilities there and across other previously unregulated sectors.
01/21/2020
There are significant penalties for those individuals and entities failing to fulfil their responsibilities.
01/20/2020
On 30 January, the new bill and the amendment will be put before the Legislative Assembly for any final amendments, before they are passed into law.
01/20/2020
Key Regulatory Topics: Weekly Update 20 December 2019 - 9 January 2020
Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector.
01/20/2020
This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.
01/20/2020
The FRC noted their policy seems to have made an immediate impact on the FTSE 250 with the number of chair’s serving for over 9 years dropping by 33% (from 73 to 49)
01/20/2020
It is also working to implement its framework for licensing and supervision of relevant private trust companies and to ensure the appropriate oversight of privately funded charities.
01/17/2020
Collas Crill Explainsreinstating A Dissolved Jersey Company
The Law has a procedure that allows a Jersey company which has been dissolved to be reinstated.
01/17/2020
Laments continuous changes in international rules
01/16/2020
The relationship between Jersey and the Middle East is an important one.
01/16/2020
This change will bring BVI into line with other jurisdictions who have enacted similar legislation in recent times
01/15/2020
Panama remained on the list for the same reasons
01/15/2020
The Commission de Surveillance du Secteur Financier, published CSSF circular 19/732 regarding clarifications on the identification and verification of the identity of ultimate beneficial owners.