12/22/2023
Guernsey relaxes two-year rule to support employment challenges
As part of its work to deliver on the ambitions of the Population and Immigration Policy Review agreed by the States Assembly
Regulation, Risk & Compliance
12/22/2023
BMA puts R&Q legacy transactions on hold
The deal, which required shareholder and regulatory approval and was expected to close in the first half of 2024
12/21/2023
BOV sells chunk of non-performing loans for €26 million
Bank of Valletta sells portfolio of 707 non-performing loans to third-party acquirer
12/21/2023
FTX Trading Ltd reaches global settlement agreement with Bahamian liquidators
In a collaborative effort, FTX and FTX Digital Markets have decided to pool their assets and align their methods for assessing customer claims.
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/21/2023
Guide to Gambling Law in the Isle of Man 2024
Casino gaming is regulated by the Casino Act 1986 (CA 1986).
12/21/2023
Positive Development for the Cayman Islands: EU AML Delisting Process Commences
The Commission consulted the EU's Expert Group on Money Laundering and Terrorist Financing before adopting the Delegated Regulation.
12/21/2023
BMA registers four insurers in November
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.
12/21/2023
CIBC Says: Date Payrolls 21 Dec To Avoid Late Salary Payments To Staff
CIBC FirstCaribbean wishes you happy holidays and a prosperous 2024.
12/20/2023
Regulatory Authority approves cut to FAR
It brought frustrated protesters out to picket the Belco headquarters on Serpentine Road in Pembroke.
12/20/2023
Converting a PIC to a Standalone Licensed Entity
A significant benefit of the PIC product has always been the ability of a sponsor/group to utilise a PIC to dip its toe into Cayman regulatory waters
12/19/2023
Regulator concludes that cost of business connectivity and broadband prices are too high [Updated]
Leased lines are key building blocks for businesses relying on telecommunications connectivity.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/18/2023
Temping agency sacks workers after charging them fees for job
New law says agency licence may be lost for charging fees
12/18/2023
UK finalises Jersey’s law enforcement data adequacy decision
A law enforcement data adequacy decision is when the government determines a country, organisation or sector meets the UK’s standards by assessing its law enforcement data protection legislation.
12/15/2023
AXIS wins approval for Lloyd's energy syndicate
Pending final approval by Lloyd’s, AXIS Energy Resilience Syndicate 2050 aims to begin underwriting on April 1, 2024.
12/15/2023
Central Bank releases and brings into force digital asset guidelines for SFIs
All of the guidelines, as well as the CBOB’s responses to comments and questions received about the guidelines during the consultation period, are posted on the bank’s website.
12/15/2023
HSBC UK to shut Malta call centre, with loss of 200 jobs
Decision to close Swatar centre in June does not affect bank's Malta operations
12/15/2023
Bermuda: How to Improve IT Project outcomes
The British Government is among the most recent victims of a large IT project failure.
12/14/2023
Paris Agreement extended to Guernsey
These objectives have informed policy decisions across our Committee’s mandate, including on energy, housing, transport and biodiversity.