10/18/2023
Cayman's anticipated exit from the grey list amid stricter international regimes
This milestone underscores the Cayman Islands' reputation as a sophisticated jurisdiction with a robust and effective AML framework.
Regulation, Risk & Compliance
10/18/2023
Coinbase shuffles to Bermuda as SEC presses and trading falls
The complaint claims that Coinbase is “evading the disclosure regime that Congress has established for our securities markets”.
10/18/2023
Demystifying Cayman Real Estate Law - Changes to Stamp Duty for Caymanian Buyers
Two to ten first time Caymanian buyers purchasing together would enjoy increased thresholds with 0% Stamp Duty on purchases of a home up to CI$600,000
10/17/2023
Hamilton Insurance files SEC registration statement
The exact size of the listing and the pricing were not disclosed in the document but the company did provide extensive details about its operations.
10/17/2023
Bermuda’s Prosperity Life Group to merge with National Western Life
As part of the agreement, each issued and outstanding share of National Western common stock will be converted into the right to receive $500 in cash at closing of the merger.
10/17/2023
Jersey’s finance industry ‘poised to lead on innovative financial solutions to help reduce poverty’
During these discussions, a clear and resonant message emerged – Jersey has the expertise and drive to become a sustainable finance centre of excellence.
10/17/2023
Bermuda's regulatory sandbox fuels green innovation: deputy premier Roban
A blue bond could raise the capital that would help to fund an alternative and diversified blue economy in Bermuda’s 200-plus-nautical mile exclusive economic zone.
10/16/2023
Saudi Fund signs $100mln development loan agreement for climate-smart infrastructure project in Grenada
This milestone marks Grenada as the 91st nation to receive SFD funding for a development project
10/16/2023
Conister makes history by gaining UK deposit taking licence
These deposits, and Isle of Man sourced deposits, will reportedly drive the company’s lending expansion here and in the UK.
10/16/2023
Ozo Group qualifies to join Slave-Free Alliance, in first for Malta
Company joins NGO focused on protecting against worker exploitatio
10/16/2023
Deposit totals fall at banks as interest rates rise
The banks are also continuing to report a high ratio of non-performing loans.
10/16/2023
Hands off our pensions!
The trio claimed that this would not adversely affect the pension fund based on its recent valuations.
10/13/2023
Implementation deadline is here: New Cayman rules on corporate governance and internal controls
The Rules are applicable to all regulated entities
10/12/2023
The implications of EU regulations on Malta's financial sector
What are the challenges and opportunities?
10/12/2023
Offshore Bank Accounts For Expats Explained
An offshore bank account is perfectly legal, provided interest earned is reported when filing a tax return.
10/11/2023
Business grants to help disabled access work in Guernsey
The grants could help fund the "purchase of appropriate aids or specialist equipment, software, etc", they added.
10/11/2023
Central Bank: Don’t send dormant accounts ‘direct’
The Central Bank, in its 2022 annual report, revealed: “As at December 31, 2022, the Bank maintained custody of 41,878 dormant facilities with balances totalling $89m denominated in six currencies."
10/11/2023
New Bill to enhance and consolidate Cayman Island's Beneficial Ownership Rules
The Bill makes no material changes to the requirement for in-scope entities
10/09/2023
Cayman Islands funds - governance update
All of CIMA’s rules and statements of guidance relevant to regulated Cayman Islands funds can be viewed on CIMA’s website.
10/09/2023
2023 Corporate Governance for Regulated Entities: What You Need to Know
Regulated entities refers to all entities regulated by CIMA under the 'regulatory acts' as defined within the Monetary Authority Act (As Revised), and includes mutual funds and private funds.