Managers of Wealth Offshore

New CIMA AML Rule and Sanctions Rule: what regulated entities need to consider

Elements of the new Rules that were previously only covered by CIMA guidance, will now be directly enforceable under the administrative penalty regime.

Over 70 transactions per second as E-commerce limits reset

Accordingly, the BML e-commerce limit on international e-commerce platforms resets daily at 7:00 AM.

BML will offer accounts and loans per Islamic banking principles

BML is the bank providing Islamic banking services on the widest scale in the Maldives.

Structuring CFO vehicles through the Channel Islands

CFOs give investors (particularly regulated insurers) access to private asset portfolios through rated debt instruments, with more favourable capital treatment than direct equity investments.

Committee ‘does not intend to revisit’ 2004 pension changes

Changes made to married women’s pensions two decades ago will remain despite calls to reopen the issue.

Navigating the enforcement of foreign judgments in the British Virgin Islands

The British Virgin Islands is a leading offshore jurisdiction for trusts, holding companies and other wealth-planning structures.

Directors' duties in BVI companies

A director may reasonably rely on the company's books, records and financial statements

Independent report confirms Competition Regulator delivers value for money

Frontier Economics notes that the total benefits generated by the JCRA are likely to be materially higher once the full breadth of its activities is taken into account.

CIMA expands AML reporting rules to restricted trust companies and PTCs

Entities subject to the requirement must complete and submit the return to CIMA by 31 December.

Work-related stress moves up the regulatory agenda: what Guernsey employers need to know

For boards and senior leadership teams, the initiative presents an opportunity to consider whether the company can confidently demonstrate that they have a robust framework for managing work-related stress.

Submissions on changes to cannabis laws under consideration

The document also examined the possibility that historic minor convictions for cannabis could be wiped from the record.

Winding-up petitions: All hands on deck, the court is knocking

A winding-up petition, on the other hand, asks the Court to intervene and make that decision.

Banks in Panama will Eliminate Some Fees in January 2027.

The regulations directly establish the services and operations in which banks will be prohibited from applying any additional fees or charges.

ECCB Revises St. Kitts and Nevis Economic Outlook Amid Fiscal Pressures

According to the June 2026 update, St. Kitts and Nevis recorded real gross domestic product growth of 2.1% in 2025, up from 0.3% in 2024.

A simple guide to Jersey probate and estate administration following a bereavement

Family members or close friends may know where the original Will(s) are stored.

Anti-money laundering reporting expands to private trusts

Regulators around the world increasingly see data as a key element in enforcing risk-based regulation.

WapiPay enters Jamaica through JN Money partnership

The approval has also been independently reported as coming from the central bank.

Government creates portal to combat late reports

Following the release of the report, her predecessor Franz Manderson had said the civil service would implement a strategy to provide faster responses to critical audits.

Cayman Islands Financial Services Institute earns CPD accreditation

FSI is also authorised to display the CPD Standards Office’s official Accredited Provider badge and will be listed in the organisation’s CPD Directory.

Central Bank review: Economy sustained positive growth trajectory in Q2

The review further notes that based on the latest data for the fourth quarter of 2025, the jobless rate decreased relative to both the previous quarter and the final quarter of 2024.

Regulation, Risk & Compliance