Managers of Wealth Offshore

BAF ordered to halt new pensions business

A Bahamas-based insurance company was ordered Monday to stop soliciting and/or registering new pensions business in Cayman

Former SEC top brass come to Cayman

Four former commissioners of the Securities Exchange Commission, who were at the SEC during the financial crisis, will speak for the first time at a conference in the Cayman Islands in March.

French Polynesian president lashes out at bank fees

French Polynesia's president, Gaston Flosse, has lashed out at local banks, saying with the fees they charge they are committing authorised theft.

Bahamas, China visa policy takes effect

he Bahamas says a new policy allowing nationals to travel to China visa free for 30 days goes into effect on Wednesday, February 12.

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

SEC charges Bermudian investment adviser and principal for illegal short selling

Rule 105 prohibits any person who makes a short sale of securities during a defined restricted period prior to the pricing of that offering from purchasing the same securities in that offering.

Gibraltar QROPS denial a waste of time and effort

HMRC is wasting time and effort by continuing to deny Gibraltar as an acceptable Qualifying Recognised Overseas Pension Schemes jurisdiction

Grant Thornton issues updated advice on financial reporting standards for Chief Financial Officers

The publication is designed to give Chief Financial Officers a high-level awareness of recent changes that will affect companies’ future financial reporting

Cayman Islands retain Moody's Triple A rating

The Moody’s report from December 2013 (available at www.gov.ky) notes that the rating is based on the following Cayman attributes:

Bahamas 'Can't Survive Many' Banker Detention-Type Hits

The Bahamas “cannot survive many incidents” similar to this week’s detention of a senior UBS banker

CIMA releases guidance on fund governanace

The new rules apply to all funds regulated under the terms of Mutual Funds Law.

Cayman service providers adjust to the demands of global regulation

In 2012, our voluntary application got approved by CIMA to have a regulated director services model, called DMS Fund Governance.

Gibraltar aims to be gateway for AIFMD

The passport system established under the Alternative Investment Fund Managers Directive allows funds to operate throughout the EU once they have received regulatory approval in one member country.

Worldwide: FSB Endorses Cayman, BVI & Ireland for Regulatory and Supervisory Standards

The FSB is the successor to the Financial Stability Forum and includes all G-20 major economies, FSF members, and the European Commission.

Banks' Risk Tech Spending Expected to Grow Steeply Through 2017

Areas of high growth for North American banks include compliance systems and resources, counter-fraud, credit, and cyber protection/information security.

97% of Financial Firms Don’t Think Enough Has Been Done to Prevent Future Crash

Furthermore, just 12 per cent of respondents believe that regulators fully understand how the financial crisis happened in the first place.

Bahamas govt. must clarify CLICO guarantee, says IMF

In a statement sent to Guardian Business, IMF mission chief for The Bahamas Mbuyamu Matungulu noted that the fund is keeping a close eye on the matter, and added that it continues to maintain that the CLICO (Bahamas) matter must be swiftly dealt with.

Regulation, Risk & Compliance