Managers of Wealth Offshore

Jersey foundations

A foundation is required to have a guardian at all times.

Islands need full transparency in fight against dirty money, UK Government says

The Crown Dependencies have company beneficial ownership registers and they share data from these with UK law enforcement via the Exchange of Notes arrangements.

Bahamas' strong financial services laws, products highlighted at STEP Asia

“STEP Asia was a highlight to end the last quarter of 2024,” said Lawrence.

New guide to sustainability-related risks and opportunities

The guide explains that throughout its value chain a company depends simultaneously on resources and relationships

ESMA publishes new Q&As on its Fund Naming Guidelines

ESMA has also confirmed that in-scope funds do not need to comply with the PAB/CTB exclusion criteria

Baker & Partners Secure the First DPA in Jersey

This is the first deferred prosecution agreement in Jersey and was ratified by the Royal Court.

Federal Reserve signals caution on future interest rate cuts

Fed cuts rates to 4.25-4.5%, forecasts two reductions in 2025, as opposed to previous four

The Mauritius Revenue Authority takes bold policy decision to treat compensation under Compromise Agreements as exempt income

The issue that arose was whether the amount paid to the employees as “compensation” under Section 16 of the Workers’ Rights Act 2019 was exempt from tax.

New Regulatory Framework for Virtual Asset Custodians and Trading Platforms in the Cayman Islands

Importantly, the Rule provides CIMA with a mandate to prescribe reporting requirements

Chambers Banking and Regulation 2025: British Virgin Islands chapter

The BVI continues to uphold its reputation as a stable and sophisticated jurisdiction for banking and financial services.

Funding hurdle stalling cannabis growing plans

4C Labs already imports and distributes medical-grade cannabis to the island and has held a cannabis cultivation licence since 2021.

Citizens Advice Guernsey to require appointments

Ali Marquis said the move was "an opportune time for reflection" and helped the charity "look forward to the future".

Luxembourg - A European hub for Islamic finance

The project required expertise from multiple legal practices and jurisdictions to be successfully executed.

Life re/insurance regulation requires a tailored and agile approach: BMA

The report said regulatory cooperation and collaboration between cedent and reinsurer regulators are “essential” for effective supervision.

Consultation Paper on Equity Release and amendments to the LCF Rules

The aim is to introduce the proposed equity release regime in January 2026 via amendments to The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022.

Cayman company information to be open to journalists

MPs approve new access to beneficial ownership information

HSBC announces February EGM on disclosure of information to bidders

The bank said in November that several parties had expressed interest in acquiring its shares

CIIPA introduces Code of Ethics

The Code sets clear expectations for professional accountants and public practice firms

Money market report for the week ended December 13, 2024

ECB cuts interest rates again

Bermuda ranked third-quickest jurisdiction for companies

Mercator’s clients are the general counsel of multinational companies.

Regulation, Risk & Compliance