Managers of Wealth Offshore

Prime Minister Drew Confirms Regional CBI Regulatory Body To Be Operational Within One Month

The regional regulatory body will unify and strengthen due diligence procedures, establish shared compliance standards, and improve international credibility for the CBI industry

Tax Amnesty Extended To May 2026 In Saint Lucia

Ms. Ellie emphasized that the amnesty does not exempt taxpayers from paying the taxes they owe. The relief applies only to penalties and interest.

Whistleblowing in Jersey update

Protection would extend beyond employees

Government offers rollover option for maturing 62+ Savings Bonds

Bondholders of 2020 issue invited to transfer funds into new 5-year bond at 2.7% interest, from July 21.

BILTIR and ABI sign MoU to boost global reinsurance industry

The MoU provides another opportunity to enhance that work and further support global cooperation.

Key considerations for trustees deciding whether to exercise their power of appointment

In all cases, the trustee must be careful to avoid irrelevant considerations and remain impartial

Policy on AI being drafted by govt

The Bahamas is not alone in its effort to get ahead of artificial intelligence.

Secured creditors and immovable property: a landmark ruling from the Royal Court of Jersey

This would otherwise have involved a process to realise all of the debtor's immovable and movable property.

Appleby Expands Dispute Resolution Expertise in Greater China with Appointment of Alvin Sin as Partner in its Shanghai office

Alvin regularly advises investment banks, multinational corporations and professional services firms on regulatory and compliance matters.

Bermuda encourages investment with residential certificates

An application for an EIRC can be pursued by contacting the Bermuda Business Development Agency, which provides a concierge service for applicants.

BMA cracking down on board governance

The bank’s fall exposed critical lapses at the top.

Updated Prospectus Rules in Guernsey: changes to disclosure requirements

Any prospectuses already registered and in issue will need to comply with the 2025 Rules as from their next update.

BMA lets captives use stablecoins

BMA policy allows captive insurers to integrate “recognised stablecoins” into their operations

Basic wage increase for tourism workers on hold

The Minimum Wage Advisory Committee conducted comprehensive and detailed research and in March 2024, produced a report explaining why the basic wage should be increased.

Belasko achieves ISAE 3402 Type 1 accreditation

This achievement is not only a mark of quality, but a springboard for continuous improvement

Banking on Trust: How Belize Balances Privacy and Compliance in the Global Financial System

Belize’s regulatory framework has evolved meaningfully in recent years.

Update on the British Virgin Islands and the FATF's list of jurisdictions under increased monitoring

By way of background, the MER assessed the effectiveness of the BVI's AML/CTF/CPF measures and compliance with the FATF's 40 Recommendations.

CDB President Calls for Stronger Institutions to Drive Caribbean Resilience

These forces demand that we protect and support our institutions, not just as safeguards, but as the mechanisms that enable us to have a seat at the table, a voice in defining our future, and control over our destiny.”

Updated Prospectus Rules in Guernsey: new exemptions for offers of general securities

It is worth noting that according to the guidance, the exemptions can be used cumulatively.

Migrating a company into Guernsey

An overseas company successfully registered as a Guernsey company must, as soon as possible, file with the Registrar any certificate or other document issued in that overseas territory

Regulation, Risk & Compliance