Managers of Wealth Offshore

Five new insurers registered in April

The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.

Central Bank reveals nearly $90 million in dormant bank accounts.

The legislation that governs dormant accounts was changed back in 2018

Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth

If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.

The Vice President Reaffirms Administration’s Commitment to Promoting Private-sector Organisations

Highlighting the ever-evolving nature of the world, the Vice President stressed the need to leverage innovation and introduce new ideas and enterprises to help the growth and diversification of the economy.

Local banking sector remains stable amidst ongoing challenges

The BSI shows that banking stability within the monetary union peaked in December 2022, despite growing global macro-financial risks.

Crypto companies flee US troubles to balmy Bermuda

The act was instrumental in setting up a licensing body for issuing, as well as selling and redeeming digital assets.

New requirements for re/insurers

Any such requirement must take into account the nature, scale, complexity and risk profile of the insurance business

Maldives signs USD40 M agreement with Saudi Arabia

Maldives signs USD40 million agreement with Saudi Arabia to establish SME Impact Fund

The Silicon Valley Bank (SVB) debacle

Based on its main client type, deposits held there were typically above the maximum.

‘Act now’ to help Islanders with costs

Reform Jersey’s Deputy Raluca Kovacs said that the States decision last year to reject her proposition to remove GST from food was a ‘missed opportunity’ to help those most in need.

An overview of investment funds and asset protection in the British Virgin Islands (BVI) and the Cayman Islands

Both jurisdictions offer a wide range of investment products and services

Irish Court of Appeal gives significant ruling for lenders and funds in enforcing security

Borrowers should now be aware that liens registered pursuant to Section 73 can secure loan agreements or advances made after 31 December 2006.

Mosaic and Safe Security offer global cyber cover

Mosaic’s primary product leverages Safe Security’s award-winning cyber-risk platform, offering inside-out evaluation to organisations and rewarding their investment in security solutions through premium-rate incentives.

Start-up smart: GDPR compliance made easy

It must be transparent – you must tell an individual why and how you are processing their data.

Officials still trying to get Cayman off grey list

If the jurisdiction is to be removed, that is expected to happen at the following plenary, which will be in October.

Features and benefits of BVI Approved Funds for startup, emerging managers

Approved Funds are limited to a maximum net asset of USD100 million, or another currency equivalent.

Trinidad and Tobago, US talk energy, food, finance

These committees are composed of representatives of the US government and various Caricom governments.

Carey Olsen and JTC Group assist Valour with new physically digital asset-backed offering

Chris said: "We enjoyed assisting Valour launch their ETPs programme from Jersey and were pleased to see another cross-jurisdictional promoter choosing Jersey as a jurisdiction in the digital assets space."

The Rules of Engagement - Repeal and Revision of the CPR in the BVI

The revised rules have also brought clarity to the proper process by which an arbitral award is to be enforced.

SEC ordered to speak up on cryptocurrency regulation

The crypto exchange referred to a 2022 petition asking for formal rule making within the digital assets sector, to which the SEC is yet to respond.

Regulation, Risk & Compliance