12/07/2022
Guernsey Listed Funds
Guernsey's companies law includes many English companies law principles
Regulation, Risk & Compliance
12/07/2022
Cayman diligently carving a path to FATF compliance in 2023
One concern is the virtual assets' space, including the virtual and virtual asset service providers.
12/07/2022
Trouble in paradise: Bahamas fears FTX crash could hurt its rep
The previous Bahamian administration, led by prime minister and finance minister Huber Minnis, launched DARE with great pomp and confidence.
12/06/2022
ADB approves $7.51million grant to Maldives to support gender equality project
The grant will support innovative gender approaches, which have a catalytic role in changing social norms and discriminatory practices.
12/06/2022
HSBC Malta slapped with €82,000 fine by money laundering watchdog
The FIAU highlighted incidents when high-value transactions went unnoticed by the bank's system
12/06/2022
Walkers Global Fintech Group Attains Chambers Band 1 Rankings Again
The firm has fintech specialists across its 10 offices spanning the Americas, Europe, Asia and the Middle East.
12/05/2022
Regulator warned 127 on financial crime compliance
The revelations came in a Compliance Commission report that concluded The Bahamas was “unlikely” to be “a real estate-based money laundering centre”
12/05/2022
UAE: St Kitts and Nevis to enhance citizenship by investment programme
Caribbean country invites investors to benefit from, 'cash in on' opportunities in diverse sectors, especially renewable energy
12/05/2022
ECJ Rules Public Access to Beneficial Ownership Information Invalid
The introduction of publicly accessible Ownership Registers gave rise to concerns from an invasion of privacy perspective.
12/05/2022
TrustQuay signs technology agreement with Perpetual Guardian
Having been in business for more than 135 years – and with offices around the country servicing over 140,000 client relationships – Perpetual Guardian has unsurprisingly amassed a complex and varied landscape of legacy software.
12/05/2022
Mastercard and Vesta enhance fraud management
The two organisations are joining forces to not only meet merchants’ security needs but also address a broader effort to enhance the consumer’s digital experience and strengthen their trust in e-commerce.
12/05/2022
Newpoint sues BMA for ‘rejecting acquisition of Citadel Re’
The BMA rejected its application on 30 September.
12/02/2022
Barbados joins IOM
The IOM works to help ensure the orderly and humane management of migration; promote international cooperation on migration issues
12/02/2022
Tax amendments incoming
The plans include introducing GST at 5%.
12/02/2022
VBL Group enters new phase after securing financing from Bank of Valletta
Accelerating the conversion of dormant assets into revenue generating ones
12/01/2022
BOB triples value of loan recoveries
This credit loss expense was $5.3m or 45.28 percent lower than the prior fiscal year primarily due to efforts on remediation and improvement of loan status and recoverable values.
12/01/2022
Central Bank shift in govt securities policy lauded
The Central Bank announced in a statement that it will create a savings bond for small investors that is expected to launch in April 2023
12/01/2022
Malta shuts door to beneficial owner registry as EU Court invalidates rules
Malta Business Registry follows suit after European Court of Justice rules that public access to the beneficial owner registry was an interference with privacy rights
12/01/2022
Guernsey funds legal and regulatory update
An overview of Guernsey funds legislative and regulatory developments for the period 1 September to 30 November 2022.
11/30/2022
Bankman-Fried admits that he prioritised Bahamian withdrawals
“This was us trying to create a regulatory pathway forward for the exchange just to like kind of appease the citizens of the country that we’re currently in.”