Managers of Wealth Offshore

Satabank is set to be liquidated

Millions of euros still due to be returned to the bank’s creditors

The Protected Disclosures (Amendment) Act 2022 – Prepare for Implementation

It was signed into law on 21 July 2022 and is due to come into force shortly.

Local community backs Sustainable Finance Week with plethora of fringe events

Headline sponsors PwC and RBSi will be hosting events, with PwC exploring emerging nature based frameworks and opportunities, and RBSi will explain the role for alternative Investment funds in the transition to net-zero.

Inflation trending down

The CPI, which measures variations (inflationary movements) in commodity prices for consumers, is administered by the Statistical Institute of Jamaica (STATIN).

St Kitts-Nevis will not have a passive foreign affairs policy-Douglas

Douglas said he was humbled to serve in his new capacity and expressed gratitude to the Nevis Premier, Mark Brantley, who served as foreign affairs minister in the last coalition administration.

Guernsey liquidations

The purpose of these general meetings is for the liquidator to provide an account of their conduct of winding up during the year.

CIBC closing Palmdale branch

She said letters have been sent to clients informing of the closure and alternate arrangements put in place.

Stablehouse changes rate structure for investors

The new rates will go live on August 25.

BOJ expects housing market fallout from higher rates

But central bank sticking to rate hikes for now

Filing Extension for Economic Substance Declarations for In-scope Entities Which Earned No Gross Revenue

The Registrar has recently initiated desk-based reviews, requests for information and onsite inspections of entities to ensure compliance with the economic substance requirements.

CIMA advises of new bank account numbers for regulatory fee payments

Licensees and other parties should take note as the new details affect all payments to CIMA

CIMA publishes revised regulatory procedures for the deregistration of Cayman Islands regulated funds

Under the new deregistration procedures, although CIMA should be notified of a fund's intention to deregister within 21 days of that determination, the fund must complete and file its final audit

Executive search for Kroll

The company, with some 5,000 worldwide staff, said it provides proprietary data, technology and insights to help its clients to stay ahead of complex demands related to risk, governance and growth.

Malta Financial Services Authority (MFSA) Launches Corporate Governance Code

Enhancing the Governance, Culture, and Conduct of MFSA Authorised Entities.

Bermuda Compliance and Regulatory Updates – July 2022

The FATF amended its list of Jurisdictions under Increased Monitoring in June 2022.

St Kitts and Nevis: The fastest and most trusted route to second citizenship

Federation of St Kitts & Nevis’ Citizenship by Investment Programme operational from 1984

Ocorian urges best practice focus on Register of Overseas Entities

Failure to register in time risks fines of up to £2,500 or up to five years in jail as well as potential restrictions on use of their land or property.

Central Bank lending rules relaxation could help stimulate recovering economy says senior accountant

As a general expectation, increased availability of credit should lead to an expansion in consumption and therefore has a positive impact on economic growth and government revenue.

Work Permissions Assistance from Digital Jersey

The Digital Jersey scheme to assist local businesses obtain work permissions to work in Jersey, known locally as licences, is available to Jersey Finance Members looking to recruit staff in digital roles.

Work to create centralised due diligence agency to begin in September

New agency intended to cut red tape for business in Malta

Regulation, Risk & Compliance