Managers of Wealth Offshore

BMA registers three insurers

The island’s financial services regulator has also registered four intermediaries.

R&Q to file for provisional liquidation

R&Q announced it had agreed to sell Accredited for $465 million to Onex in November.

DoT cuts deals worth $12.3M with US agencies

The two contracts are worth over CI$12.3 million to showcase this destination and attract more visitors from North America and other parts of the world.

Regulator tells local banks to do better!

The Commission expects to see a marked improvement in the market conduct of banks

Regulator tells local banks to do better!

People have expressed that banks have very archaic with inefficient systems for simple day-to-day transactions like cheques and payment processing.

BMA to bolster legislation that governs corporate service providers

ECB rate cuts not a linear downward path, Lagarde says

UK unemployment rises in April to 4.4%, its highest level since September 2021

BOJ to cease exchange of CAD, GBP, and EUR coins

This operational hurdle has rendered it increasingly difficult for the Bank to derive value from the exchanged coins.

FTX Bahamas customers given mid-August claims deadline

The US Bankruptcy Court is scheduled to hear the Chapter 11 Debtors’ Reorganisation Plan on June 25th.

It is extremely difficult to get information out of a body that regulates the Island’s finance industry, our biggest employer

In the UK, fellow journalists and I use the FoI Act often: including to request information from the Financial Conduct Authority (FCA), the regulatory body for the finance industry.

ODPA moving closer to the centre of Town

The usual drop-ins at St Martins House have been paused while the move takes place, and will restart twice-monthly from late August.

Access to beneficial owner information of companies registered in Jersey is changing

This information is not currently publicly available, although it is accessible by regulatory and law enforcement bodies.

Be Prepared: Key Cayman Islands Voluntary Liquidations Deadlines and Dates to Consider

In addition to immediate cost-savings, companies can avoid other filings and any fees that might arise out of having a stub year.

The use of cash in Jersey to be reviewed

In April, Economic Development Minister Kirsten Morel said that he was considering bringing a proposition in a non-ministerial capacity to enshrine the right to use cash in law.

Fines for breaches

Finance minister signals banks will pay if ABMs out longer than stipulated in new regulations

Melita’s environmental and health and safety standards shine in ISO audit

ISO certificates in information security, environmental management, and occupational health and safety

BDA legal committee establishes new DAO

“We anticipate efficient governance models for business to be further developed in Bermuda.”

ADGM and the Bermuda Monetary Authority sign a digital assets MoU

The MoU creates a framework enabling the collaboration between the BMA and the FSRA to support the establishment of digital assets entities across their jurisdictions and ensure their effective supervision

Outsourced Support for Effectively Navigating ELTIF 2.0

On the investor side, putting funds into ELTIF structures should be that much simpler, particularly for high-net-worth investors.

Bankruptcy & Restructuring - Planning for Failure

A failure to recognise and act upon early signs of distress turned what might have been a controlled descent into a freefall.

Regulation, Risk & Compliance