Managers of Wealth Offshore

BMA to enhance regulation and supervision of PE insurers

The changes, which are to become effective on March 31, follow two consultation papers issued by the BMA in 2023 that set out the proposed enhancements.

EU Advocate General: Austrian anti-doping committee GDPR compliant for publishing decision

Although an AG's opinion is not binding, it will often be followed by the CJEU.

Bermuda returns to the World Economic Forum

Bermuda government officials attend annually with a delegation normally led by the Premier and/or the finance minister.

Ten top tips for regulatory interviews in Guernsey

This update provides tips to consider when preparing for and attending the interview.

Gov’t to establish a development bank, address economic policy decisions

With this decision, collaborations will be made with relevant bodies to gain access to PayPal and other e-commerce platforms.

Cayman Regulatory Update – Q1 2024

This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter

Interest rates for late payments in commercial transactions increase to 12.5%

EU directive against late payments to be turned into regulation

Cayman Islands to be removed from EU AML list and UK list of high risk countries

The Regulation will enter into force on the twentieth day following that of its publication in the Official Journal of the European Union, which is expected later this month.

Aspen launches 'pro-active' cybersecurity package

Bermuda-based Aspen said it had partnered with Surefire Cyber to launch Aspen Cyber Risk Services which covers threats from pre-incident to response and resilience.

Warning of HSBC scam circulating in Guernsey

If you have any doubts at all, you should hang up and contact your bank through different means

BVI Approved Managers and Approved Funds: Upcoming Filing Deadline - 31 January 2024

BVI Approved Funds are required to file an annual return with the Commission by 31 January 2024

Asian Investment Funds | Corporate Governance and Compliance

As such it is unlikely that additional measures with respect to internal controls beyond adopting the corporate governance framework required under the CG Measures would be required.

Proposed changes to Children and Civil Status (Amendments) (Jersey) Law

The draft Law also deals with two other important aspects of parental rights that will affect many parents in Jersey.

Out of sight, out of mind: a comparative guide to Jersey and BVI probate for non-domiciliaries with movable assets

Planning and preparation can help to reduce delay and complication through the probate process at what can be a very difficult time.

Guernsey publishes strategy on combatting financial crime

Guernsey has carried out its second NRA of the money laundering and terrorist financing risks presented by individual sectors and products within the jurisdiction.

Bermuda gets UK green light on CARICOM membership application

Deputy Premier Walter Roban says Bermuda is researching and exploring all that is needed to make a full application and that Britain will be consulted at every step before the application is submitted.

Adaptation finance and the circular economy among top topics for Guernsey at COP28

A further event saw a group of Guernsey’s sustainability leaders joining forces for a panel session on Guernsey’s pioneering waste strategy and wider circular economy model at the Island of Hope event.

3G switch-off in Channel Islands planned by JT

The company said the move would help it to reduce its carbon footprint because 4G and 5G were more energy efficient.

FIHL board authorises $50m share repurchase programme

Fidelis said the programme may be suspended or discontinued by the board of directors at any time.

Seychelles to Introduce Framework for Regulation of Virtual Assets and Virtual Asset Service Providers

A licence shall be required for VA Wallet Providers, VA exchanges, VA Broking, VA Payment Providers and VA Investment Providers operating in or from Seychelles.

Regulation, Risk & Compliance