10/17/2023
Bermuda's regulatory sandbox fuels green innovation: deputy premier Roban
A blue bond could raise the capital that would help to fund an alternative and diversified blue economy in Bermuda’s 200-plus-nautical mile exclusive economic zone.
Regulation, Risk & Compliance
10/16/2023
Saudi Fund signs $100mln development loan agreement for climate-smart infrastructure project in Grenada
This milestone marks Grenada as the 91st nation to receive SFD funding for a development project
10/16/2023
Conister makes history by gaining UK deposit taking licence
These deposits, and Isle of Man sourced deposits, will reportedly drive the company’s lending expansion here and in the UK.
10/16/2023
Ozo Group qualifies to join Slave-Free Alliance, in first for Malta
Company joins NGO focused on protecting against worker exploitatio
10/16/2023
Deposit totals fall at banks as interest rates rise
The banks are also continuing to report a high ratio of non-performing loans.
10/16/2023
Hands off our pensions!
The trio claimed that this would not adversely affect the pension fund based on its recent valuations.
10/13/2023
Implementation deadline is here: New Cayman rules on corporate governance and internal controls
The Rules are applicable to all regulated entities
10/12/2023
The implications of EU regulations on Malta's financial sector
What are the challenges and opportunities?
10/12/2023
Offshore Bank Accounts For Expats Explained
An offshore bank account is perfectly legal, provided interest earned is reported when filing a tax return.
10/11/2023
Business grants to help disabled access work in Guernsey
The grants could help fund the "purchase of appropriate aids or specialist equipment, software, etc", they added.
10/11/2023
Central Bank: Don’t send dormant accounts ‘direct’
The Central Bank, in its 2022 annual report, revealed: “As at December 31, 2022, the Bank maintained custody of 41,878 dormant facilities with balances totalling $89m denominated in six currencies."
10/11/2023
New Bill to enhance and consolidate Cayman Island's Beneficial Ownership Rules
The Bill makes no material changes to the requirement for in-scope entities
10/09/2023
Cayman Islands funds - governance update
All of CIMA’s rules and statements of guidance relevant to regulated Cayman Islands funds can be viewed on CIMA’s website.
10/09/2023
2023 Corporate Governance for Regulated Entities: What You Need to Know
Regulated entities refers to all entities regulated by CIMA under the 'regulatory acts' as defined within the Monetary Authority Act (As Revised), and includes mutual funds and private funds.
10/09/2023
ICYMI: RIPL offence max sentence increased to five years
Failure to comply with the notice used to lead to a possible maximum sentence of two years.
10/06/2023
Ocorian completes acquisition of Asia-Pacific Accounting & Secretarial Services (A-Pass)
This acquisition adds scale to Ocorian’s existing business in Asia creating a combined business with the ability to serve a broader range of clients’ requirements.
10/03/2023
The Prevention of Discrimination (Guernsey) Ordinance, 2022
Where a person with a protected ground is employed to do work that is equal to that of a comparator
10/03/2023
'Banks should consider worker exploitation when deciding on credit' - BOV banker
Flores was among a panel of experts discussing the social element of ESG
10/03/2023
Proposed Amendments to the Cayman Islands Beneficial Ownership Regime
The Bill demonstrates the Cayman Islands’ continuous efforts in adopting the changing international standards for anti-money laundering and countering terrorist financing.
10/02/2023
Central Bank Governor outlines five-part strategy for sustainable economic expansion
He identified the Blue Economy, a digital Caribbean, green energy transition, an agri-revolution and intensifying regional integration as the pillars on which his model is anchored.