05/02/2023
Minimum wage to take effect on June 1
This new entity, the Department of Labour, will aim to improve relations between employers and workers and fight for and enhance labour policies.
Regulation, Risk & Compliance
05/02/2023
Central Bank acknowledges “less than satisfactory” bank account opening time, touts improvements
The target is to reduce the average experience to less than two weeks.
05/02/2023
What is the revised scope of Jersey’s AML/CFT/CPF Regime and what are the options for those now in scope?
Exemptions from compliance with the AML/CFT/CPF Regime have previously been linked to exemptions available from conduct of business and prudential regulation (JFSC Regulation) by the Jersey Financial Services Commission (JFSC).
04/28/2023
Proposal to increase pensions and benefits in Guernsey defeated
The States vote was tied 18-all, which means there will be no change to the current annual adjustments.
04/28/2023
Cayman Inspectorship – an exceptional remedy?
ADF’s central concern is the governance of the Company and the constitutional arrangements within the Company which have allowed the IM to have effective control and tenure.
04/28/2023
Global Registration Services Market Update Q1 2023
Whilst the FSMA will continue approving marketing communications towards retail investors in advance, the FAQ provides details of certain exceptions which may apply in case of very short marketing communications whereby prior approval may not be required.
04/28/2023
IRS Releases Memorandum on the tax Consequences of a blockchain protocol upgrade
The Merge was one step of Ethereum’s roadmap to better scale itself and adapt to the latest technologies that emerge from research and development.
04/28/2023
Watchdog critical of Government of Jersey's risk management
The Comptroller and Auditor General (C&AG) has published its follow-up report on the island's integrated technology solution (ITS).
04/27/2023
Key points to consider when handling personal data
A data controller is a person/entity who makes decisions about why and how personal data is handled.
04/27/2023
Securities Commission unveils digital assets legislation overhaul
The revised legislation includes robust consumer and investor protection, risk management, and market innovation and development provisions.
04/27/2023
Lootah Biofuels signs agreement to establish first biofuel plant outside UAE
To establish its first biofuel production plant from waste cooking oil outside the UAE
04/27/2023
Public Consultation on Proposed Enhancements to Supervisory Powers within the Bermuda Investment Funds Act
These proposals include requiring Professional Class A, Class B and Closed Funds to prepare financial reports that contain audited financial statements.
04/26/2023
An introduction to the new Trading Standards (Fair Trading) (Guernsey) Ordinance, 2023
The TS Ordinance introduces a statutory framework to protect consumers and ensure fair trading.
04/26/2023
Cybersecurity Corporate Governance: Three Essential Steps to Form a Cyber Incident Swat Team
Cybersecurity is now an essential aspect of corporate governance, business risk management, and mandated legal (regulatory) compliance
04/26/2023
The power of openness and trust – engaging with the regulator
In this age of technology and social media, a tension exists between aligning our digital and real-world self. Our digital self is a filtered, polished version of our real-world self.
04/25/2023
Revisions to Bermuda's AML-ATF Guidance Notes for Financial Institution
All other persons purporting to act on behalf of the customer or by whom binding obligation may be imposed on the customer
04/25/2023
Securitisation and Cayman Orphan SPVs – Part One
This article will briefly discuss what a securitisation transaction is
04/24/2023
Harneys advises Jayud Global Logistics Limited on its US IPO
The Corporate team at Harneys advises on complex cross-border transactions involving the British Virgin Islands, Cayman Islands, Luxembourg, and Cyprus corporate vehicles.
04/24/2023
No enforcement of environmental laws
The chairman stressed that farming would also be affected because the land became more polluted and the soils less arable, which means the yield would be a lot lower.
04/24/2023
Malta airlifting 180 million peso banknotes to Argentina ahead of election
Malta will be airlifting 180 million banknotes to Argentina in the coming weeks, as the South American country finds itself unable to meet banknote demand ahead of the general election in October