Managers of Wealth Offshore

Company for the 'ultra-rich' had rights breached by €373,000 FIAU fine

Court says law did not assure Insignia Cards Ltd right to a fair hearing

Former StanChart CEO failed in bid to escape fine and ban in Guernsey

In fighting against the sanction, Mr Kelham questioned why he had faced action when others that were involved had not.

Office of Data Protection Authority marks 5 years since introduction of landmark legislation

It has been a huge privilege for me to be Commissioner for the Bailiwick during this important chapter in our history

Significant Risk Transfer Transactions

Ireland has a favourable legal and tax framework

Economic substance fines and penalty notices

For clients to whom we provide registered office services, we would like to remind you that when you submit your economic substance notifications and returns through Harneys Connect, the submission process does not include a review by one of our experts.

BOJ on track to issue new banknotes in June

The notes will sport a new design, and the material used should make them 50 per cent more durable.

Government extends consultation period for Corporate Income Tax Green Paper

The Ministry of Finance last week released a Green Paper presenting four corporate income tax strategies for The Bahamas.

Cutting costs: “Difficult and unpalatable decisions will need to be made”

“It will be those same Committees who will later be tasked with implementing the changes."

Competition Regulator launches consultation on proposed acquisition of Airtel by Sure

Sure offered a number of conditions to mitigate the potential harm to competition from the Proposed Transaction

Crown Dependencies announce joint approach to Pillar Two Framework

Guernsey, Jersey and the Isle of Man each intends to implement an "Income Inclusion Rule"

Bermuda Extends Streamlined Actuarial Work Permits Pending Policy Review

The expedited process grants employers time-saving benefits

Cayman Islands funds – CIMA regulatory measures update

This Rule requires that the operators of a regulated fund must meet at least once a year.

BOJ: Wage hike for Jamaican politicians unlikely to drive inflation

The central bank estimates that the overall impact of wage increases, for both politicians and the public, on inflation is around 0.5 per cent.

Cayman Islands Restructuring: Cross-Class Cram Downs and Competing Valuations

The Adler Group, a prominent German property group owning a rental property portfolio valued at c.€8 billion, faced a myriad of liquidity challenges following the impact of ratings downgrades, regulatory/bondholder scrutiny and short-selling pressure

Seven years after the Panama Papers, the country sees a dramatic decrease in corporate registrations

A new study shows registrations going down and dissolutions going up in Panama

TrustQuay and Viewpoint complete merger transaction

Customers will benefit from more capabilities and products, wider coverage of regulatory environments and enhanced global customer service.

BMA pens rules for insurers’ recovery planning

“Ultimately, this should assist insurers in taking effective and thoughtful measures in a timely manner in crisis situations without unnecessary pressure.”

BMA consults industry on new recovery plan rules

The BMA has published a consultation paper on its website, and now invites stakeholders to contribute their views on the proposed rules.

States committees told to suggest savings ideas

Guernsey's States committees have been asked to come up with ideas to save money

BMA approves LPT for Compre Group

The portfolio comprises large deductible and guaranteed-cost workers’ compensation policies.

Regulation, Risk & Compliance