Managers of Wealth Offshore

Federal Reserve signals caution on future interest rate cuts

Fed cuts rates to 4.25-4.5%, forecasts two reductions in 2025, as opposed to previous four

The Mauritius Revenue Authority takes bold policy decision to treat compensation under Compromise Agreements as exempt income

The issue that arose was whether the amount paid to the employees as “compensation” under Section 16 of the Workers’ Rights Act 2019 was exempt from tax.

New Regulatory Framework for Virtual Asset Custodians and Trading Platforms in the Cayman Islands

Importantly, the Rule provides CIMA with a mandate to prescribe reporting requirements

Chambers Banking and Regulation 2025: British Virgin Islands chapter

The BVI continues to uphold its reputation as a stable and sophisticated jurisdiction for banking and financial services.

Funding hurdle stalling cannabis growing plans

4C Labs already imports and distributes medical-grade cannabis to the island and has held a cannabis cultivation licence since 2021.

Citizens Advice Guernsey to require appointments

Ali Marquis said the move was "an opportune time for reflection" and helped the charity "look forward to the future".

Luxembourg - A European hub for Islamic finance

The project required expertise from multiple legal practices and jurisdictions to be successfully executed.

Life re/insurance regulation requires a tailored and agile approach: BMA

The report said regulatory cooperation and collaboration between cedent and reinsurer regulators are “essential” for effective supervision.

Consultation Paper on Equity Release and amendments to the LCF Rules

The aim is to introduce the proposed equity release regime in January 2026 via amendments to The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022.

Cayman company information to be open to journalists

MPs approve new access to beneficial ownership information

HSBC announces February EGM on disclosure of information to bidders

The bank said in November that several parties had expressed interest in acquiring its shares

CIIPA introduces Code of Ethics

The Code sets clear expectations for professional accountants and public practice firms

Money market report for the week ended December 13, 2024

ECB cuts interest rates again

Bermuda ranked third-quickest jurisdiction for companies

Mercator’s clients are the general counsel of multinational companies.

BMA confirms seven insurer registrations

Of the six other new companies, two were Class 2 group captives

Rights to inspect: The 'Proper Purpose' Test

There is no dispute as to how the provisions of section 127 CGL 2008 are to be applied, rather the question is 'what constitutes a 'proper purpose'?'.

The Evolving Role of the Third-Party Fund Administrator in European Asset Management

How the changing investment fund regulatory environment and the related operational complexity have elevated the role of the third-party administrator.

QBE Re subsidiaries get Class 4 licences

As part of our commitment to the Bermudian reinsurance market it is a natural evolution for QBE Re to underwrite directly onto these locally based balance sheets.

Money market report for the week ended December 13, 2024

ECB cuts interest rates again

MPs approve raft of financial legislation

The legislation made provision for “permitted disclosure” of information as well as any limitations on such disclosures by the department.

Regulation, Risk & Compliance