06/05/2023
BMA’s net income falls by nearly $8 million
The BMA’s total revenue increased by 8.98 per cent to $79.65 million, up from $73.09 million.
Regulation, Risk & Compliance
06/05/2023
Commodity prices expected to fall this year: Central Bank
In this regard, food prices rose 7.8 percent while transportation prices 8.6 percent.
06/05/2023
The division in monetary policy
There are significant differences between the different central banks over monetary policy
06/05/2023
Maltese ‘digital bank’ fined, months after US sanctioned one of its directors
€279,000 fine for anti-money laundering failures
06/05/2023
Guernsey funds legal and regulatory update June 2023
In view of the threshold, Pillar Two is unlikely to affect many businesses in Guernsey and those that are unaffected will continue to be subject to Guernsey's established zero-10 corporate tax regime.
06/02/2023
Channel Islands based ESH Solutions to partner with Kagool
Kagool is a Microsoft Partner that also has partnership arrangements with SAP and Salesforce platforms
06/02/2023
The Cayman Islands Government proposes amendments to the Proceeds of Crime Amendment
A notable change that is being proposed in the bill is the potential removal of the defences to committing the key money laundering offences
06/01/2023
International Data Transfers
The DPC imposed a fine of €1.2 billion on Meta Ireland
06/01/2023
Cayman Islands Issues General Licence For Payment Of Legal Fees
The increase in designations led to a concurrently sizeable increase in licence applications for the payment of legal fees
05/31/2023
Central Bank announces technical developments, upgrades for mobile wallet holders
There are currently nine approved digital wallet providers and seven active digital wallet providers.
05/31/2023
Fraudsters target Republic Bank customers, cards compromised
Many customers have discovered unauthorized charges on their bank statements, ranging from small purchases to large transactions.
05/30/2023
No digital currency mandate in Jamaica - officials
Morgan, Clarke forced to dispel claims being made by Opposition leader
05/30/2023
Finance minister refutes claims on new banknotes by opposition leader
Says new notes on schedule for mid-June circulation
05/30/2023
Are You PIPA Ready?
PIPA outlines the requirements for individuals and organisations that use personal information, as well as the rights that individuals have regarding the use of their personal information.
05/30/2023
Jersey’s financial services regulator proposes funds fee increase of 14.7%
The JFSC says: “This increase is in line with our Business Plan and budget which included an expectation of RPI plus 2%.
05/30/2023
Company Restorations in the BVI and the Business Companies (Amendment) Act 2022's Transitional Provisions
The Amendment Act changed the landscape of restoring companies to the Register of Companies (the Register) in the BVI
05/29/2023
Saudi Fund signs 2 loan agreements of $16mln in Saint Vincent and the Grenadines
The agreements also come in line with SFD’s aim in supporting the healthcare and social infrastructure sectors
05/26/2023
An Offshore Perspective: Reservation of Powers in BVI Trusts
Trust instruments can also appoint a protector, who may have other powers including authorising trustees to exercise their powers.
05/26/2023
Termination of Employment during Probation
The employer did not have an in-house human resources function.
05/26/2023
Chambers Corporate M&A Global Practice Guide 2023 – Trends and Developments, Cayman Islands
The guide summarises the key trends and developments in the Cayman Islands over the last year.