08/22/2019
Cayman brings together public and private sector in fight against money laundering
The Cayman Islands has always worked hard to stay abreast of global regulatory measures.
Regulation, Risk & Compliance
08/22/2019
Maltese regulator to limit CFDs harm to retail investors
After Esma’s temporary restrictions on sale of contracts for difference
08/21/2019
Principal changes in the revised AIC Code of Corporate Governance are relevant for boards of directors of Guernsey and Jersey companies
Investment companies whose shares are admitted to the main market of the LSE with a premium listing may choose to apply the AIC Code to meet their obligations under the UK Corporate Governance Code (UK Code) issued by the Financial Reporting Council
08/21/2019
GDPR one year on: what have we learnt?
GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi
08/20/2019
Three more Haitian diplomats at Nassau embassy recalled for “wrongdoing”
Reports suggest Haitian govt. intends to replace all personnel at embassy in Nassau
08/20/2019
EU to revive money laundering blacklist with new criteria
A month later, EU governments rejected the list after heavy lobbying by Saudi Arabia and the United States.
08/20/2019
Bermuda Tourism Authority hires US consultancy
Tourism is unsurprisingly a key cog in Bermuda’s economy.
08/19/2019
Amalgamation and Migration Under Mauritius Law
This article endeavours to highlight the often forgotten concepts of amalgamation and migration
08/19/2019
Enforcement of Arbitral Awards
The legislative framework pertaining to the enforcement of an international award is derived from two pieces of legislation and a rule of the Mauritian Supreme Court
08/19/2019
BMA treatment of tier 3 capital different to other jurisdictions: Fitch
In Bermuda, securities approved for Tier 3 capital treatment have no provision to defer interest payments or principal repayment at maturity, even for breach of solvency ratios.
08/18/2019
Brussels plans to revive money laundering blacklist
Previous bid to name non-EU countries ran into diplomatic row with accused countries
08/16/2019
Switzerland to exchange financial account information with 33 more countries for tax purposes
The report on the review mechanism for standard-compliant implementation of the AEOI was approved by the Federal Council during its meeting
08/16/2019
Bermuda: Alternative Investment Funds 2019
The Investment Business Act 2003 governs the regulation of “investment business”
08/16/2019
JFSC issues warning over Titanium fund
Through its enquiries, the JFSC has established that Titanium is not registered in Jersey, nor has it ever been registered in Jersey, yet appears to be offering people the opportunity to invest.
08/16/2019
Changes to Cayman Islands Corporate Disclosure Requirements
Effective 8 August 2019, the Cayman Islands changed some of its corporate disclosure requirements.
08/16/2019
Novel issues facing Cayman insolvency professionals dealing with crypto assets
This article provides an overview of some of the challenges facing Cayman insolvency professionals when confronted with insolvent estates possessing crypto assets1.
08/16/2019
New Guernsey Finance BD Director Looking To Make A Mark In South Africa's Private Wealth Scene
There is potential for providing firms and their clients with structures which cater for confidentiality, asset protection, and succession planning."
08/15/2019
HSBC fined by data protection commissioner for investigating employee’s bank accounts
Muscat’s employment with the bank was terminated in December 2018.
08/15/2019
Malta: Payment Services Directive To Be Transposed Into Maltese Law
One of the main amendments is the introduction of Third-Party Providers (TPPs)
08/15/2019
Cayman Islands Introduces Data Protection Law
The Cayman Islands' Data Protection Law is currently due to come into force on 30 September 2019.