10/28/2019
Bahamas Development Bank taking more proactive approach to address non-performing loans
The bank has been a bit lethargic in terms of fulfilling its obligation to collect on those funds.
Regulation, Risk & Compliance
10/27/2019
FCA new webpage on Cryptoassets: AML/CTF regime
The MLRs apply to businesses in a range of sectors at risk of facilitating money laundering or terrorist financing
10/25/2019
Central Bank exploring ‘early introduction’ of digital currency on Abaco post-Dorian
The digital currency roll-is a key element in the Central Bank’s drive to modernize The Bahamas’ payment system, move consumers away from reliance on cash to electronic payments, and improve access to financial services – especially in r
10/25/2019
World Bank to open office in Maldives
With the opening of the office, World Bank's operations will be carried out in Maldives.
10/25/2019
Barbados agrees climate resilient restructuring deal
The external creditor committee (which together holds more than half of Barbados’s dollar debt) and the government have announced an agreement to exchange bonds maturing between 2019 and 2035 for one new bond maturing in October 2029.
10/24/2019
Davies offers regulatory advisory services to captives in Bermuda
Davies has partnerships with more than 500 insurance, highly regulated and global businesses from its operating bases in the UK, Bermuda, Ireland, the US and Canada.
10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.
10/24/2019
Guernsey funds consultancy launches US joint venture
Christopher Jehan, Managing Director of Midshore Guernsey, said: "Our American joint venture aims to feed more US-sourced work into the island, utilising both our services and those of the local financial services sector.
10/24/2019
Bermuda Amends Licensing Regime for Digital Assets Businesses
The DABA Amendment Act is intended to ensure that Bermuda remains a leading jurisdiction in the regulation of digital assets
10/23/2019
Financial Crime Risks in Malta
European authorities have required the Maltese government to strengthen its regulatory frameworks and comply with European Union (EU) law.
10/23/2019
Bermuda Tables Incorporated Segregated Accounts Companies Act 2019
ISACs will be governed by the requirements of the Companies Act 1981 (except where otherwise provided in the ISAC law) and licensed and regulated appropriately as an insurer or a fund.
10/23/2019
BMA proposes fee changes for service providers
The BMA proposes annual fees payable by both limited and unlimited licencees according to a fee-band based on the number of entities serves.
10/23/2019
Cayman Islands Regulatory Update: Q4 2019
The Regulatory Update provides a snapshot of some of the key legal developments in the Cayman Islands over the Summer of 2019.
10/23/2019
Kingate Funds obtain Chapter 15 recognition
The Mourant team also worked closely with Robert Loigman, Scott Shelley and Lindsay Weber, of Quinn Emanuel Urquhart & Sullivan LLP, on obtaining Chapter 15 recognition.
10/22/2019
Irish Finance Bill 2019 - Update for International Investors
The Irish Finance Bill 2019 was published on 17 October 2019 and contains a series of legislative tax measures.
10/22/2019
New tax change in Luxembourg on advanced rulings granted before 1 January 2015
In recent years, when the tax administration tried to deny the application of a tax ruling, the Luxembourg courts have consistently applied the "Collart test" in order to assess if the tax authorities were bound by the agreement given.
10/22/2019
FATF keeps Panama and Bahamas on the grey list and adds Iceland
The global body said Panama had taken steps to improve its cooperation in the fight against money laundering, but that it needs to do more to be removed from the grey list.
10/22/2019
Collas Crill Explains....Continuing a Company to Jersey
In Jersey, the process by which a company changes its nationality or place of incorporation is called a continuance.
10/21/2019
Guernsey continues to develop China’s captive market
Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/21/2019
Reinsurers failing to help insurers manage cyber exposures, warns Hiscox Re
Page called for more capital efficient products to ensure insurers can keep up with demand for cyber coverage, calling on ILS investors to step up - and quickly.