04/15/2025
Woodford defends tactic of using Guernsey exchange
Regulators later criticised the manoeuvres as misleading and formally rebuked his conduct.
Regulation, Risk & Compliance
04/15/2025
ADGM’s FSRA Imposes Fines of USD 8.85 Million on “HAYVN” Group, Cancels Licence of AC Limited (Hayvn ADGM) and Bans Founder Christopher Flinos
The enforcement action has resulted in the cancellation of Hayvn ADGM’s Financial Services Permission
04/15/2025
UK collects just 3% of fines from offshore firms breaching property transparency rules
The UK has collected only 3% of the financial penalties issued to offshore companies failing to comply with transparency laws designed to reveal the true owners of UK property.
04/14/2025
BOV and GWU sign new collective agreement for bank employees
Strong focus on employee well-being
04/14/2025
Investment Warning: SCB Cautions Public on IncomeMax Operations
The Commission hereby advises the public that IncomeMax and its agents or representatives are not registered with or licensed by the Commission.
04/14/2025
Cayman edges closer to coveted US qualified status in reinsurance
Cayman is looking to achieve “qualified jurisdiction” status from the US National Association of Insurance Commissioners (NAIC).
04/10/2025
Court Ruling helps clarify Creditor Rights in the Cayman Islands
The Receivers contended that Chan Ka Man’s authority was established when he executed the undated instrument as a duly authorised officer.
04/10/2025
SCB warns of criminal liability over pyramid and Ponzi schemes
The key difference is that a Ponzi scheme can survive for a long time, especially if one or two individuals are contributing significant amounts of money
04/10/2025
Jamaica to phase out cotton banknotes by July
Central bank says denominations between 50 and 5,000 Jamaican dollars will be affected
04/10/2025
Irish SPVs and listed SMEs to be excluded from sustainability reporting regime under proposals to streamline CSRD
The Amending Directive remains subject to scrutiny and amendment by the Parliament and the Council
04/09/2025
Grand Court clarifies requirements for leave to proceed with a counterclaim against a company in official liquidation
Under section 97 of the Companies Act (2023 Revision), no civil proceedings may be commenced or proceeded with against a company in official liquidation except with the leave of the Grand Court.
04/09/2025
Cayman Grand Court orders liquidations of failed crypto companies to be subject to Court supervision on grounds of improved efficacy, expedition and economy
The Group began facing regulatory challenges around mid-2020, with the Ontario Securities Commission investigating its promotion and sale of the AXIA Coin.
04/08/2025
Proposals to introduce age discrimination in Guernsey – key points for employers
Guernsey law already includes protection from discrimination on the grounds of sex, marriage, gender reassignment, maternity and adoption leave, race, disability, carer status, sexual orientation, and religion or belief.
04/08/2025
The Guernsey anti-money laundering regime through the lens of human rights caselaw
Failure to bring a successful private law action could result in the assets being informally frozen for years or even decades.
04/07/2025
Age will matter - in time. Guernsey's next step in anti-discrimination law - DELAYED!
The Ordinance came into effect on 1 October 2023 and was always intended to be developed over a three phased process.
04/07/2025
Cryptocurrency exchange hit with €1 million fine by FIAU
Regulator commends OKCoin for 'proactive approach' in remedying issues
04/07/2025
Police warn against unlicensed money exchange dealers
The police also warned of a growing number of scams involving hacked Viber accounts, where fraudsters pose as the account holder to extort money from friends and family.
04/07/2025
Saint Kitts and Nevis Strengthens Ties with Africa Through Landmark MOU with Warri Kingdom
“The signing of this MOU is a testament to our unwavering commitment to fostering development, cultural exchange, and business opportunities between our nations,” said Minister Duggins.
04/07/2025
Striking differences in maze of banking fees
Smaller fees from Bank of Nova Scotia ($493) and First Global Bank ($190) contrast sharply with institutions like Citibank and CIBC Caribbean, which spare customers entirely from such charges.
04/07/2025
Striking differences in maze of banking fees
Smaller fees from Bank of Nova Scotia ($493) and First Global Bank ($190) contrast sharply with institutions like Citibank and CIBC Caribbean, which spare customers entirely from such charges.