07/19/2023
FirstCaribbean warns customers about fraudsters using fake emails
FirstCaribbean noted that if you are a victim of fraud, you should immediately contact your Relationship Manager so that they can initiate attempts at recovery.
Regulation, Risk & Compliance
07/19/2023
Guernsey GST 'will make up part of government work plan'
The GWP proposes the priorities for the rest of the current political term, with the next general election due to be held in June 2025.
07/18/2023
Central bank warns about possible counterfeit of banknotes
The Bank confirms that to date it has received no fake notes from the 2022 polymer banknote series, but reminds the public that the notes are not impossible to counterfeit .
07/18/2023
Guernsey’s house price to income ratio joint worst in western Europe
The challenge is complex and requires input from multiple sectors however, which is why arc4 concluded that to improve getting people onto the housing ladder, the ladder itself must be fixed.
07/18/2023
BOJ: Jamaica experiencing economic, financial stability
The central bank has attributed the success of the programme to the high level of trust and confidence that was created in Jamaica and overseas by the building of a national consensus around the objective of sustainable debt reduction.
07/18/2023
Regulation of financial firm business in Guernsey
Carrying out any of these activities without a Part III FFB Licence or an applicable exemption is a criminal offence.
07/18/2023
St. Kitts & Nevis seeks to expand its diplomatic footprint in the Middle East and other countries
The foreign minister also said that the Federation is looking to expand its diplomatic presence in the Middle East and North Africa.
07/17/2023
Access to Company Information and Documents under the BVI Business Companies Act
In addition, certain documents filed with the BVI Registrar are or may be available, depending on whether the BVI Company has elected to file such documents.
07/14/2023
MLRO/MLCO masterclass series to give essential training ahead of MONEYVAL evaluation
One of the key focuses of MONEYVAL's visit is the evaluation of the efficacy of Guernsey's AML/CFT/CPF framework.
07/14/2023
Fintech Laws & Regulations in The Bahamas
The Government of The Bahamas has developed a policy that favours the development and innovation of the fintech sector in The Bahamas.
07/14/2023
British Virgin Islands economic substance – ITA investigation and enforcement powers
This guide summarises the key points to consider, including various legislative changes made in 2022 to increase the ITA’s enforcement powers, and addresses some frequently-asked questions.
07/14/2023
The new JFSC Outsourcing Policy: overview, impact and actions required
This briefing covers the key changes and summarises what businesses need to do during the six month transitional period, to prepare for the new policy coming into force.
07/13/2023
BMA confirms five insurance registrations in June
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
07/13/2023
Right of access to personal data
Complying with the GDPR often means treading a fine line
07/13/2023
Luxembourg modernises Funds law in response to request from the industry
Another key change relates to the expansion of available company structures for Part II funds.
07/13/2023
Arch Capital takes stake in Bermuda managing general agency
Helix was established in 2018 as Bermuda’s first independent multi-line managing general agent and has written close to $200 million in gross premium.
07/10/2023
Lawyer Steven Rees Davies represents Bermuda at UK crypto club
The club was founded by award-winning businesswoman Karen Jones, who in 2005 established Citywealth – a publishing and events company that connects ultra high net worth individuals and private wealth managers.
07/10/2023
Anti-money laundering fines reach €2.2million so far this year
FIAU is subject to 17 court cases alleging breaches of constitutional rights
07/10/2023
Renewable energy fund has its Malta licence cancelled
Nova Renewable Energy Fund failed to submit audited accounts since 2018
07/10/2023
Comparison of Laws in Bermuda and the Cayman Islands Relating to Offshore Companies
This publication does not deal with all types of companies that may be formed in either of the above jurisdictions, or with the laws and regulations which may be applicable to certain business activities.