09/07/2023
C-Bank Governor Says The Big Three Commercial Banks “Too Big To Fail”
These are systemically important financial institutions within the Belizean economy.
Regulation, Risk & Compliance
09/06/2023
Interplay between the application of competition and data protection rules
National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions
09/06/2023
MOrsel: Discrimination update – Guernsey's new framework now imminent
The guidance explains that employers will be vicariously liable for the acts of their employees even if they were done without their knowledge or approval
09/06/2023
Amendments to the BVI Business Companies Act
The BVI Registry has increased its incorporation and annual renewal fees.
09/06/2023
Proposed changes to the beneficial ownership regime in the Cayman Islands
These bills are expected to be presented at a meeting of Parliament anticipated for the fourth quarter of this year.
09/05/2023
Bahamas needs long-term financial planning to address climate vulnerability: UN expert
Waris noted that the Bahamas’ high-income status limits its access to international financial institution loans and development aid.
09/05/2023
Cayman Islands licenses eight new Q2 captives
The statement comes after the release of licensing statistics for the second quarter of 2023.
09/05/2023
Final FATF onsite visit key to Cayman’s ‘de-listing’
The Joint Group completed a comprehensive review of the final three recommended actions of the FATF’s action plan for Cayman.
09/05/2023
New Cayman Islands Bill proposes to expand beneficial ownership register
It is intended to fulfil the commitment made by the Cayman Islands in 2019 concerning the introduction of public registers of beneficial ownership information.
09/05/2023
Guernsey Funds Statistics
The following charts provide an overview of the composition of the Guernsey funds industry.
09/04/2023
Standard Chartered’s global parental leave benefit drives inclusion
The enhanced benefits have been designed to support working parents.
09/04/2023
Caribbean island to bank upwards of $30 million due to domain name amid AI frenzy
The island now estimates it will make between $25 million and $30 million for the year.
09/04/2023
Economic Development promise action on banking barriers
These issues were brought to the fore this year by the Chamber of Commerce, who is currently carrying out a survey to see how deep the issues go in the island.
09/01/2023
Transparency law could open up Cayman company ownership information
The development coincides with a visit from the global Financial Action Task Force inspection team
09/01/2023
Shifting ground
Malta needs to build the skills to ‘undertake a quantum leap to move the economy to the next level’
09/01/2023
Address shortage of employees before limiting foreign workers, government told
'Draconian or hasty decisions could break the catering sector'
09/01/2023
Update on CIMA Regulatory Measures
The SOG and Rule covers both regulated Mutual Funds and Private Funds.
08/31/2023
Carey Olsen advises Mountain Protocol on obtaining Bermuda digital asset business licence
This is the first time a licence has been issued to a business operating with an ERC20 rebasing token, a technical standard and form of digital asset issued on the Ethereum blockchain.
08/31/2023
Members’ schemes of arrangements in the Cayman Islands no longer must satisfy the ‘headcount test’
The amendment to section 86 of the Companies Act was gazetted on 21 October 2021 and came into effect on 31 August 2022
08/31/2023
Regulator's warning on digital assets exchange
The Digital Assets and Registered Exchanges Act 2020 prohibits any person from carrying on or being 'involved in a digital asset business in or from within The Bahamas