07/17/2018
Overcoming the myth of the passport
The uncertainty created by Brexit is making UK asset managers in particular look at ways to future-proof their fund structures – and Guernsey offers an answer.
Regulation, Risk & Compliance
07/16/2018
Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’
The Premier stated that, in response to “market demand,” the Bermuda government set out to develop a legal framework for distributed ledger technology (DLT) firms
07/13/2018
TISE lands first ILS specialist as member
There are currently more than 2,600 securities in total on TISE’s Official List.
07/12/2018
BVI activist group ponders UN intervention over public registers
As International Investment reported, the BVI and the Cayman Islands are both intending to counter Westminster’s planned changes to the legislation.
07/11/2018
Central Bank Of Curaçao & Sint Maarten Sets Course For A ‘State Of The Art’ Central Bank Which Can Be Relied Upon
This new strategic plan is the end result of a participative process, where several stakeholders provided their input.
07/10/2018
Old Mutual International under fire for allowing high-risk investments in offshore wrapper
It is understood some of the funds held within the wrapper have lost significant value, with the claims manager targeting Old Mutual International as the facilitator through the wrapper.
07/06/2018
State Bank of Mauritius on spot for plotting to cover up Imperial Bank KSh 38 billion theft
In 2017, CBK had rejected the offer by SBM to help rescue Imperial Bank just after it was put under receivership.
07/06/2018
Oxfam makes call for public beneficial registers in Jersey
OXFAM GB has waded into the controversy around public beneficial registers by calling on the British government to force Jersey to introduce them.
07/05/2018
Have You Heard About ePrivacy? The GDPR’s Bigger Brother
The GDPR does not consider metadata or the privacy of communication about or between legal entities
07/04/2018
BMA revokes licence of broker Intrepidus after ‘serious’ breaches
Intrepidus provides insurance brokering, risk management, loss adjusting and independent insurance advising services to business owners and residents in Bermuda.
07/04/2018
The New World of Cyber Risk Management and Why Caribbean IFCs Should Take Notice
The legislation includes requirements for the protection of Personably Identifiable Information (PII), as well reporting requirements in the event of a breach.
07/04/2018
Bermuda Amends Banking Act to Favor Blockchain Startups
Burt said banks’ reluctance to serve the new types of companies cannot be allowed to impede the country’s efforts to support economic growth.
07/03/2018
Changes in Cayman could impact hedge fund compliance
Approved jurisdictions include Canada, Hong Kong, Ireland, the United Kingdom and the United States.
07/02/2018
Malta approves three blockchain bills at second reading
The MDIA Bill establishes the Malta Digital Innovation Authority (MDIA) and provides the necessary arrangements for the certification of technology and the registration of Technology Service Providers.
06/29/2018
Sell out? Gov’t offering residency to rich investors
While answering questions from Opposition member Julian Fraser, Dr Smith said persons with independent means would include retirees with a net worth of $25 million or more.
06/28/2018
Maldives government proposes local banks board member term reduction
Gemanafushi MP Jameel Usman proposed to reduce the board of directors term from four to three years.
06/28/2018
Cyprus Securities and Exchange Commission regulatory priorities for the second half of 2018
CySEC’s principal objective for 2018 is to establish, monitor and sustain a healthy and stable environment for the securities industry. It has identified the following priority areas for the second half of the year:
06/26/2018
How platforms can keep ahead of technology
With the restrictions on South Africans taking money offshore easing, the head of platform proposition and marketing sees platforms providing an important offering to locals looking to invest overseas.
06/26/2018
International savings plans key to Jersey’s flexible future
The JPA is proposing that the current Tax Law is amended through the introduction of a new provision
06/26/2018
Top Rbc Executive Says Bahamas' 'Mojo' Returns
RBC has added 18 jobs through the launch of its Client Advice Centre on New Providence, which was unveiled at its Carmichael Road branch last Wednesday.