Managers of Wealth Offshore

The EU and Caribbean strengthen their partnership and exchange on investment opportunities at the SIDS Conference

Caribbean countries were able to present their priorities and engage with EU investors.

The crucial role of AML/CFT/CPT training in the fight against money laundering

This proactive measure ensures employees not only receive training but also retain the necessary knowledge to combat money laundering effectively.

BMA and Lloyd's sign cooperation agreement

Through the MoU, Lloyd’s and the BMA will also collaborate to promote and deliver a reinsurance theme for Cohort 14 of the award-winning Lloyd’s Lab Accelerator programme

Bank of Valletta enhancing close business ties between Malta and France

Sustains its support to the Maltese French Chamber of Commerce

The pivotal role of transfer pricing documentation for intra-group transactions

This case shows a strict interpretation of the arm’s length principle by Mauritius authorities

Saffery Trust attains Swiss “seal of quality” with licence approval

The new licence requirement ensures ongoing accountability and competency within the Swiss fiduciary services industry.

Highly recognised ‘Understanding Sustainable Finance’ compliance course receives further endorsement from CISI

This further endorsement from the CISI underlines the course’s standing as a leading educational tool designed to elevate financial professionals’ understanding of sustainable finance within International Finance Centres (IFCs).

Money market report for the week ended May 24, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Sure and Channel Islands Coop agreement paves way for new mobile service

Coop, which has 28 shops in the Channel Islands, proposes to give its large membership access to the latest technology using Sure’s network.

Budget for FY25: Another scope for legalising black money?

Economists and government officials suspect that a huge amount of money was laundered abroad before the January 7 parliamentary polls.

China looking into Bank of China money laundering allegations: Xinhua

The report quoted unnamed BOC sources as saying the bank kept the program secret because it knew it was illegal.

Visit Isle of Man seeks a new chair and members for its non-executive board

The agency has set ambitious headline targets to grow annual visitor numbers to 500,000 and achieve an annual economic contribution of £520m by 2032.

Republic Bank agrees to ECCB audit

The audit aims to verify that there are no systemic issues responsible for the delays in transaction processing.

Regulatory oversight is key for Bermuda's insurance sector

Such oversight plays a vital role in the success of the industry by fostering a transparent and accountable insurance environment on the island.

Get up to speed with ESOP changes for 2024 in Ireland

This briefing summarises some of the main unapproved share option schemes available to companies in Ireland.

AT1 capital instruments issued by Swiss banks: recent developments and outlook

These instruments have features that distinguish them from other types of debt or equity, such as being perpetual, subordinated, and convertible or write-downable under certain conditions.

MFSA urges financial institutions to clearly list their terms and fees

Five financial institutions were assessed through a total of 50 online or offsite interactions

Crown Dependencies take next steps to implement OECD’s Pillar Two global tax framework

The Income Inclusion Rule imposes a top-up tax on a parent entity in respect of the low taxed income of a foreign subsidiary.

Regulatory oversight is key for Bermuda’s insurance sector

Oversight is provided by the Bermuda Monetary Authority, the island’s financial regulator.

MFSA urges financial institutions to clearly list their terms and fees

Five financial institutions were assessed through a total of 50 online or offsite interactions

Regulation, Risk & Compliance