Managers of Wealth Offshore

Channel Islands Regulatory update: April 2025

This document notes that "authorities are already reflecting on the recommendations in the report and identifying any measures that need to be taken to address them.

Jersey’s first community ground solar farm doubles local solar generation capacity

It is in its truest sense a community-based scheme – owned by the Island, through its interest in JE, providing power for the Island.

Significant increase in data protection breaches reported in Guernsey

Despite the client providing a new e-mail address to be used, the organisation continued sending private correspondence to the hacked account.

Government targets cost of living and workforce gaps

“But there is an aversion of one’s purchasing power based off the cost of living.”

BOV will not pursue HSBC takeover

Bank of Valletta says it will not be pursuing any transaction related to the acquisition of shares in HSBC Bank Malta

CDB Joins Global Push To Reform Credit Rating Methodologies For Multi-Lateral Development Banks

MDBs participants reiterated the importance of ensuring that credit rating criteria properly reflect the risk-mitigation mechanisms inherent in MDBs’ business models.

Favara services interrupted due to technical issues

Favara offers transfers from Bank of Maldives, Maldives Islamic Bank, State Bank of India, Mauritius Commercial Bank and Bank of Ceylon.

Central Bank Governor issues warning over rising threat of deepfake scams and bogus investment schemes

Deepfake technology has made it easier than ever for scammers to create highly convincing, yet entirely fraudulent, content, capable of mimicking voices, video footage, and even facial expressions.

BOV confirms approach by consortium bidding to take over HSBC Malta

The Bank will continue to monitor developments closely and remains committed to ensuring transparency and full compliance with its regulatory obligations

Ireland abolishes daily ETF portfolio transparency requirement

A wide range of Irish ETF structuring options are available

The BVI's new CRS additional information forms – a new reporting obligation

The CRS Forms will provide additional information about the FI to the ITA

Considering becoming a Cayman Islands fund director? Read this first

Though there is no strict definition of a ‘director’ according to Cayman Islands law, an individual or corporate entity may act as a fund director.

Jersey’s financial services regulator releases Annual Report

The year ahead will see the JFSC develop their capability to add intellectual property and trademark registers to the services provided by the Registry

Country Update – Bermuda: AML

The POCA is primarily aimed at preventing offences relating to the proceeds of criminal conduct

Guernsey minimum wage rise 'will push prices up'

The island's current minimum wage is lower than the rates for Jersey, the Isle of Man and the UK.

Government targets cleaner, greener tourism in new draft energy policy

As the country’s most important economic driver, tourism is deeply interconnected with the energy sector.

Navigate Re debuts in Guernsey

“Guernsey offers an exceptional foundation for innovation in reinsurance, and we are proud to be part of that ecosystem".

BMA extends consulting period on guidance notes

However, they do not introduce any new or additional requirements.

Market to crack on with policy tweaks as private equity sits up and takes notice

There’s a delicate balance between portfolio protection and evolving industry demands.

The Guernsey Financial Services Commission and Banque de France’s EDUCFI announce new partnership on financial literacy

The partnership will see the Commission translate and adapt the Banque de France’s “Mot de l’Actu” or “A word from the news” and its “Eco en bref” or “The Economy at a glance” publications for Gu

Regulation, Risk & Compliance