Managers of Wealth Offshore

Ireland to prepare new AML legislation on crypto assets ahead of December EU deadline

Ireland has emerged as an attractive destination for crypto firms setting up their European operations.

Bank declines loan repayment amid ‘concerns over source’

It was the latest in a court battle that started in June, when Butterfield began proceedings to recover the remaining debt.

Latest Guernsey case concerning a 'Suspicious Activity Report' elaborates on the 'proceeds of criminal conduct' requirement

In October 2021, the FIU responded to the SAR and confirmed that CST was not permitted to release the assets held on the trust fund of the Trusts.

Outsourcing in the BVI - when can a licensee outsource and what limits apply?

The guidance notes to the Regulatory Code stipulate that the service provider should normally be required to seek the consent of the licensee before entering into a sub-contract arrangement with respect to any outsourced activity.

Advising on the world’s first regulated DEX and securing a Class M Digital Asset Business License

This is a significant step forward in bringing decentralized finance (DeFi) to the mainstream.

BMA consults on tighter investment and group supervision rules

The Bermuda Monetary Authority has increased its supervisory oversight of Bermuda's commercial insurers

IAIS approves new global standard for capital requirements

The new rules, which apply to the 58 biggest and most systemically important insurers, will provide a common risk-based capital framework

Digital identity services in Bermuda

Under the supervision of an Office for Digital Identities and Attributes, the UK DIATF defines the rules, standards and governance oversight for all DISPs.

Cayman: where entrepreneurs meet regulation

The unique and varied structures deployed by captive insurance companies afford owners advantages that include flexibility and efficiency.

Guernsey funds legal and regulatory update December 2024

The implementation date for the amended Code is 3 February 2025 with a transition period of two years for companies that will cease to be subject to the Code as a result of these changes to allow these companies to put in place alternative arrangements.

Charting new territory: How England’s digital assets framework can guide Cayman Islands law

This article will examine how these developments can assist Cayman’s legal framework and market opportunities.

A Guide to Jersey Partnerships

The Limited Partnerships (Jersey) Law 1994 (as amended) (the "1994 Law") provides the statutory basis for LPs.

Implications of the Finance (2025 Budget) (Jersey) Law 202- for property transactions

To date, transactions between companies within the same corporate group have been subject to stamp duty at the full rates, disincentivising corporate property restructures.

Guernsey's approach to digital assets: legal framework, regulatory landscape, and emerging challenges

Guernsey's approach to digital assets reflects a practical application of existing legal principles

GFSC clarifies rules around surrender of Guernsey Collective Investment Scheme authorisation

The updated guidance amends the previous update from 12 months ago

US Rate Cuts: Possible Effects on Panama’s Banking System

The executive president of the Banking Association of Panama stressed that it would be very rare for any bank to start lowering its rates now

Mutual funds in the Cayman Islands

This category of regulation is applicable to retail mutual funds.

Axa XL supports pioneering issuance in Bahamas

Also, it’s the first time a private insurer, Axa XL, is providing credit insurance alongside an MDB in support of a sustainable issuance for nature and climate.

Republic Bank Warns Customers Of New Phishing Scam

Fraudsters are mimicking Republic Bank’s official email alerts, tricking recipients into clicking on fraudulent links.

Fixing the monetary policy transmission mechanism makes sense

The chamber argued that with the current lowering of policy rates, “the delay in reducing lending rates signals a need for deeper review of the monetary transmission mechanisms in place”.

Regulation, Risk & Compliance