01/15/2025
Scam warning as local media used to try and gain credibility
The posts mimic the Guernsey Press website but use a photo taken from the Express website, with the Express logo clearly visible.
Regulation, Risk & Compliance
01/15/2025
HMRC issues warning for anyone who's paid tax 'going back 20 years'
3,839 prompted disclosures in 2023/24, yielding £57 million with HMRC now typically following up letters four to six weeks later.
01/15/2025
Amendments to Cayman Islands suspicious activity reporting regime now in force
Revisions include changes to the suspicious activity reporting (SAR) process administered by the Cayman Islands Financial Reporting Authority
01/14/2025
Update to the Cayman Islands Proceeds of Crime Act – Changes to the suspicious activity reporting provisions
In order not to commit a Core Money Laundering Offence they must also have received consent, known as a defence against money laundering ("DAML"), from the FRA following the making of the SAR.
01/13/2025
Bermuda joins UK sanctions against terrorist group
No person or entity required to comply with UK sanctions can deal with any funds or economic resources controlled by Blood and Honour.
01/13/2025
BVI Approved Managers and Approved Funds: Upcoming Filing Deadline – 31 January 2025
BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the “Commission”) by 31 January 2025
01/10/2025
Jersey Private Fund Regime - Key Requirements and Eligibility
Funds qualifying under the JPF regime will receive approval within 48 hours
01/10/2025
ORG backs transparency efforts, calls for stronger anti-corruption measures
We have worked to introduce legislation that will address the people’s concerns with transparency and authority.
01/10/2025
The Legal 500 Real Estate Country Comparative Guide - Jersey
Once passed before the Royal Court, the contracts are registered in the Public Registry of Jersey and are thereafter available for public inspection.
01/10/2025
Beneficial ownership information developments in the BVI
With the new requirements in effect from 2 January 2025, there is now a statutory obligation for all BVI companies
01/10/2025
Carbon credits, crypto, cannabis and defence tech: Navigating regulatory challenges for investing in sensitive assets in Jersey
Jersey has a good track record in considering and granting approvals in respect of fund vehicles
01/10/2025
2024 Amendments to the BVI Business Companies Act
The Amendment Act clarifies the definition of beneficial owner
01/09/2025
Update on BVI Business Companies (Amendment) Act and BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations
Certain of these Amendments are to be amplified in BVI Business Companies Regulations to be brought into effect at a later date.
01/09/2025
Mourant FinReg Update - Guernsey October to December 2024
The UK Takeover Panel has published a draft amended Takeover Code
01/09/2025
Using Jersey for your UK REIT
Jersey's Companies Law is more flexible in certain aspects than its UK counterpart
01/08/2025
Innovative war risk insurance facility launched for Ukraine via Guernsey structure
The collaboration will help to revitalise the war risk insurance market in Ukraine and boost the provision of reinsurance capacity to private-sector insurers to address the ongoing challenges posed by the war.
01/08/2025
Trio fighting GFSC’s Providence sanctions fail in bid to stay anonymous
Among this was an investigation by the GFSC into the Guernsey links to the Group.
01/08/2025
BTA board given ultimatum over workplace complaints
Additionally, Mr Darrell demanded financial reports into the independent body’s employee payouts and spending.
01/07/2025
Interest rates for late payments in commercial transactions decrease to 11.15%
The rate was 12.5% last year
01/07/2025
Money market report for the week ended January 3, 2025
Information on ECB monetary operations and the domestic Treasury bill market