Managers of Wealth Offshore

Fees update: feedback and fees notices published

We have published feedback from our consultation with Jersey’s finance industry on proposals to

Competition Authority and Trading Standards Service to work together to improve outcomes for Guernsey customers

Until now, consumers who were unhappy with the service they received from their telecoms provider could make a complaint to the Guernsey Competition and Regulatory Authority (GCRA).

ADB pledges $25 mln to modernize Maldives Customs Service

The information was disclosed by Commissioner General of Customs, Yoosuf Maaniu, while appearing before the Security Services Committee of the Parliament.

Fraud on the rise

The report indicated that incidents of fraud more than doubled last year, rising from 23 offences in 2022 to 50 offences in 2023.

BMA to ramp up long term insurance supervision in 2024

"This growth is driven by the organisation's pressing need for skilled technical and actuarial staff to supervise the long-term insurance sector."

As the BMA tightens regulations, Bermuda continues to attract global re/insurers: BILTIR

Williams-Charles says the BMA isn’t strengthening requirements to keep up with the rest of the world, but instead is at the forefront of solidifying the life re-insurance sector with robust and progressive regulations.

Employers call for clarification of new health and safety law

Employers say new bill will have 'limited success' in avoiding serious accidents

The importance of estate planning for business assets

Estate planning and putting your personal affairs in order is incredibly important.

Ogier's Guernsey team advises bank on one of first new licences under banking law

The team was led by partner Paul Chanter

Updated criteria makes SCARP an option for a larger number of Irish companies

SCARP, which was introduced in 2021, aims to provide a cost-effective restructuring option for viable but insolvent companies.

Embracing the Future: Seychelles Introduces the Virtual Asset Service Providers Bill, 2024

The Virtual Asset Service Providers Bill, 2024, marks a significant milestone in Seychelles’ journey towards a secure, transparent, and innovation-friendly virtual asset ecosystem.

Ultralow rates not coming back, Fed chair predicts

Confidence among eurozone investors darkens significantly in July, latest investor survey shows

Governor: No plans for depository privatisation

BGSD may also establish and maintain an Investor Protection Fund (IPF) for the protection of the client’s interests

Cayman Regulatory Update – Q3 2024

Amendments to AML legislation and recently issued regulatory measures from CIMA.

GFSC fines trust company £266,000

The Guernsey Financial Services Commission said the failings were serious and spanned a significant period.

BMA registers four in June

The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.

Jersey Finance Reaffirms Commitment to Developing Global Opportunities

This is particularly pertinent with a JFSC report due later this year that will detail these trends.

IMF report: Govt debt projected at 81% of GDP by 2028

Gross financing needs will remain significant over the medium term, despite an expected decline from approximately 25 percent of GDP in 2022 to 19 percent of GDP in 2027.

Proposed increase to employment tribunal award limits in Jersey

The recommendation to Social Security Minister Lyndsay Feltham by the Jersey Employment Forum

BMA issues new guidance for segregated account companies

Among the provisions in the guidance are detailed requirements on letters of credit.

Regulation, Risk & Compliance