Managers of Wealth Offshore

New data protection guidance published as registration and renewal window opens

The annual registration window is now open and the ODPA would like to remind all organisations to review and renew their existing registration before the end of February.

Protecting the vulnerable from financial abuse

Elder abuse and oppression of the vulnerable is on the rise.

Guernsey Finance and DIFC Collaborate to Unlock Dynamic Economic Growth

The agreement will also strengthen the relationship between the two international financial centres (IFCs) and enhance commitment to global collaboration.

World Bank Supports Saint Lucia’s Fiscal And Green Reforms For Sustainable Recovery

The COVID-19 pandemic had significant impacts on Saint Lucia’s economy, leading to a rise in public debt and poverty.

Over 1,000 people waiting for PR and status decisions

Despite these multiple problems with Cayman’s immigration system, the government continues to claim that it is working on immigration reform.

Saffery Trust celebrates 95% staff retention rate

The private client firm opened its first international office in Guernsey in 1977 and now employs over 120 staff across four jurisdictions.

Central banks should be fighting climate crisis

If central banks can use negative interest rates to save banks during COVID, they can use such tools to save people and the planet in the climate crisis

Channel Islands Funds Update: Q4 2023

The governments of Guernsey and Jersey, together with that of the Isle of Man, have reiterated their commitment to transparency in beneficial ownership information.

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.

Regulation, Risk & Compliance