Managers of Wealth Offshore

Stonehage Fleming Receives FINMA Operating Licence

In 2020, new financial regulations were introduced by FINMA

Cayman minimum wage proposed at $8.75/hr

Only 23 per cent of the total beneficiaries would be Caymanians, while the majority would be permit holders.

Central Bank Fintech Supervisory Priorities 2024

In the Annual Report, the Central Bank identified six key areas of supervisory focus for 2024 which Fintech firms should be aware of.

Lloyd’s approves energy transition syndicate

Receiving permission to underwrite through Energy Transition Syndicate 2050 is a milestone for AXIS.

Cayman Islands Opens Doors for Comments on Proposed VASP Amendments

The Cayman Islands is the world’s largest investment fund domicile after the United States and one of the most popular locations for funds with digital asset strategies.

Guernsey funds legal and regulatory update March 2024

The Commission will also be prepared to consider requests once a CIS has entered into liquidation

Moderate economic expansion expected this year, says Central Bank

The CBOB said it expects the government’s net financing gap to continue to shrink, with the government relying more on internal borrowing than external borrowings.

AM Best removes two Validus entities from under review

Validus Re and VRS were both acquired as part of RenRe Holdings’ purchase of the treaty reinsurance business of American International Group Inc, in a transaction that closed last November.

Africa Specialty Risks doubles parametric capability

The parametric approach to reinsurance championed by ASR facilitates the flow of capital to support vulnerable populations.

Regulatory update Cayman Islands Q1 2024

The Policy seeks to ensure that, where CIMA acts as the home or host supervisor with respect to a regulated entity that is part of a group

Pressure on Guernsey Home Affairs over private law firms spending

Mr Prow said any suggestion from Mr St Pier that the States should not defend itself against "baseless or malicious claims" was "ridiculous".

Jersey Finance Now an Accredited Member of DIFERA

It is important to be able to express six values authentically to create a positive and empowering environment.

Serving the needs of the present and future Maltese financial industry

As regulators, we re-define what we achieve from financial supervision

Last chance to register or renew with ODPA

These levies enable the Authority to fulfil its mandate as the Bailiwick’s independent Data Protection regulator

FATCA / CRS update: Jersey consultation announced

This proposed amendment is intended to clarify that a trustee of a trust who is not acting on a professional capacity is still subject to the investigative powers of Revenue Jersey.

The Future of Banking in Malta

The primary challenge for the sector is to run its core functions in a way that achieves its own objectives while meeting the needs and expectations of a plethora of stakeholders in parallel.

Appleby provides Regional overview on fintech Laws and Regulations in 2024

Published as part of The Legal500 Fintech series, the aim of this guide is to provide its readers with a pragmatic overview of the law and practice of fintech law across a variety of jurisdictions.

Part 2 – Conyers Successfully Applies For Receivership Order Against Cayman Islands Segregated Portfolio Fund Within 3 Months

When Conyers was engaged by the Petitioner, there were multiple investors in the Fund who had submitted requests for the redemption of their shares and had not been repaid.

Guernsey Financial Services Commission Handbook updates evidence ‘proactive approach’

Proliferation financing is the provision of funds or financial services used for the manufacture, acquisition or possession of nuclear, chemical or biological weapons.

The Bahamas Removed From The European Union’s List Of Non-Cooperative Jurisdictions For Tax Purposes

The removal of The Bahamas from the EU’s list clearly underscores the significant progress made over the past year

Regulation, Risk & Compliance