11/20/2024
Ministry publishes virtual assets and revenue-raising bills
The bills were developed following a review of fee structures by the ministry, General Registry, and the Cayman Islands Monetary Authority (CIMA)
Regulation, Risk & Compliance
11/20/2024
JMMB Group, other fincos on watch for another rate cut
The regional financial conglomerate’s stance aligns with the average sentiment within the financial sector.
11/19/2024
‘No rocket science’: Ease housing crisis via 70% lot discount
Mr Strachan said that by taking out the land acquisition costs, and conveying such sites to private developers for a nominal fee, the latter would be able to construct affordable homes while still making a profit.
11/19/2024
President states tourism forex regulations will not be changed
At a ceremony held last night at the Social Centre to mark one year since this administration came to office, the President reiterated several times that there will be no changes to this forex regulation.
11/19/2024
FIAU fines are not unconstitutional, top court rules in landmark judgment
Court says fair hearing not breached provided firms have 'access to full review'
11/18/2024
Reshaping Malta’s pension landscape
Budget 2025 speech has confirmed the government’s plans to introduce auto-enrolment for workplace pensions
11/15/2024
Central Bank of Ireland takes enforcement action against an Irish AIFM
In order to address these concerns, the AIFM took steps to seek the return of the funds invested in the Loan Notes
11/15/2024
Cyprus transfer pricing legislation and documentation requirements
The new regulations cover all transaction types between related parties exceeding certain thresholds per category of transaction
11/15/2024
Higgs & Johnson ‘The Best in the Business’
A recommended attorney in the area of real estate, Co-Managing Partner, Sterling H. Cooke, is described as a ‘transactional lawyer to note”
11/14/2024
What could the new Trump administration mean for the Cayman Islands?
Two financial experts weigh up what could be on the horizon.
11/14/2024
HMRC notification and the position of minors and unborns in trust variations in Jersey
The judgment confirms that the concept of "benefit" in trust variations may include a broader, pragmatic assessment of family welfare and tax efficiency.
11/12/2024
Framework agreement signed for Maldives Economic Gateway project
The agreement outlines the development of the Maldives Economic Gateway Project, which aims to transform Ihavandhippolhu into a trade and logistics hub.
11/12/2024
St. Kitts and Nevis Makes Key Legislative Amendments to Strengthen the Federation’s Financial System in Line With Best International Practices
The core purpose of the amendments to the Financial Services Regulatory Commission Act is to reduce the mandatory meetings of the Financial Services Regulatory Commission (FSRC) from nine to five meetings per year.
11/12/2024
All cessation of licence and revocation requests due by 22 November 2024
Submit your requests via the FSJL material change form.
11/11/2024
Updates to the British Virgin Islands Anti-Money Laundering regime and changes for MLROs
On 28 October 2024, the FSC and FIA also jointly issued Guidance on Mitigating Risks with Introduced Business Relationships (the "Introduced Business Guidance").
11/08/2024
Proposed amendments to the BVI Business Companies Act
The Bill will amend the BVI Business Companies Act, 2004
11/08/2024
Resolutions and meetings of Guernsey Companies
Termination of the proxy’s authority to act does not affect his counting in the quorum
11/08/2024
Carey Olsen takes lead role in new TISE ‘Specialist Companies’ equity rulebook
The Specialist Companies Equity Rules offer increased flexibility over TISE’s full equity listing rules
11/08/2024
Serious regulatory contraventions for Jersey Post, but zero fine
The JFSC has issued a public statement outlining the findings of its investigation.
11/07/2024
CRS comprehensive reviews in the Cayman Islands – How to get ahead
DITC announced that they will shortly commence a programme of comprehensive reviews which will involve testing compliance by Cayman Islands FIs