Managers of Wealth Offshore

Manx Utilities defends its energy predictions for Isle of Man windfarm project

Manx Utilities has explained why its projections are higher than the UK government average

Senior committees object to minimum wage increase

The proposals will be debated by deputies in September

Supreme Court adjourns BMA’s White Rock withdrawal application

Lawrence Hirsh, the liquidating trustee in the US bankruptcy proceedings of Vesttoo in Delaware, opposes the withdrawal of the petition.

New forum helps Jersey NEDs accelerate

Deloitte’s NED programme aims to offer support via a series of briefings, helping to keep directors up to date with Board issues and to assist with responding to the challenges they face.

AXIS extends partnership with cyber security provider

With effect from July 1, 2024, new standalone cyber business submissions for prospective policyholders with revenue up to $100 million will be directed via wholesale broker partners to Elpha.

Digitalisation brings Malta Business Registry at par with international standard

Close to 55,000 company directors, individuals and BO’s screened in 2022

Bahamas to regulate banks to offer cbank digital currency

The European Central Bank has signalled it will make it mandatory for euro zone retailers and banks to accept and distribute a future digital euro

The Financial Crime Commission Act 2023

The Act represents a significant step by the Government in combating financial crime and maintaining Mauritius's image as a compliant jurisdiction both nationally and internationally.

SiriusPoint backs security insurance MGU

The Bermuda-based re/insurer will be the sole carrier partner for Euclid Security’s Liability programme, which covers security services, alarm services and fire suppression protection.

DBRS Morningstar issues positive rating on Bermuda

The organisation said the positive trend reflects Morningstar DBRS's view that Bermuda's steady improvement in public finances and robust growth outlook will likely reduce credit risk.

Teneo appointed as JPLs of R&Q Insurance Holdings

The company said it has no intention of appointing a replacement nominated adviser.

MFSA fines tripled last year over 2022

The regulator issued almost half a million worth of fines last year

Building bridges, not barriers: setting up Cayman trusts to minimise conflicts

Cayman Islands trusts are known to be backed by extensive legislation

The proceeds of crime law and unregulated trustees

The additional obligations are set out in schedule 10 of the Proceeds of Crime Law

Money market report for the week ended June 21, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Zintego receipt generator: Tips for creating effective payment terms

Powerful tool designed to streamline the creation and management of receipts

Navigating the workers compensation claims process

Financial awards may cover medical care, lost wages, and disability

R&Q files for liquidation

R&Q was then forced to strike a stand-still deal with creditors in late April.

Guernsey’s Data Protection Authority publishes 2023 Annual Report

The Annual Report highlights the excellent achievements realized in 2023, as we progress towards a vision of Guernsey as a model for the global data protection community

Labour Management System to officially launch July 1

The digitized system already recorded testimonials from employers in its pilot phase, praising its efficiency and convenience.

Regulation, Risk & Compliance