Managers of Wealth Offshore

Vesttoo says compliance procedures were circumvented

Henderson had previously worked at insurtech Stable, ILS fund Peak Capital and as underwriter at PartnerRe and Brit Insurance.

BVI delegation visits UK parliament to strengthen relations

The group was accompanied by Clerk of the HOA Phyllis Evans, Public Relations Officer Linton Leonard and Acting Director of the BVI London Office, Tracy Bradshaw.

Valuation policy for non-retail investment funds

A valuation policy should not be seen as a burden, but rather as a tool that increases clarity

Probity, sanctions and conduct – review of a challenge to GFSC enforcement powers

The issuance of the Decision itself and the subsequent publication of the Prohibition Orders relating thereto on the GFSC website was also brought into focus.

Distributions, share purchases and redemptions under the BVI Business Companies Act

This guide examines the key aspects of distributions, share purchases and redemptions by a BVI company under the Act.

Chamber alarmed at banking access for non-finance businesses

It wants banks to streamline account opening processes and reduce wait times to help local businesses, as well as working with firms to help them meet regulatory requirements.

Treasury scrutinising three more banks who 'closed customer's accounts due to their political views' in wake of Nigel Farage's Coutts closure

Officials are investigating Metro Bank, Yorkshire Building Society and American Express following complaints from Nigel Farage, Reverend Richard Fothergill and Richard Tice.

Regulatory Updates for Cayman Islands Q2 2023

A Rule is a CIMA directive creating a regulatory obligation and a breach may lead to a fine or regulatory action.

What are the rules on bank account closures and what rights do people have?

The UK’s banking rules have come under scrutiny after Nigel Farage accused Coutts of closing his account unfairly.

Vesttoo execs quit ahead of investigation into misstated collateral

The directors include Pasha Romanovski of Hanaco Ventures and Chris Gottschalk of Mouro Capital.

Regulation is biggest challenge to capital raising, say alternative fund managers

These findings come as the industry faces global regulatory burdens and impending regulatory changes, as well as increased scrutiny from regulators over sustainability practices and reporting.

Proposed Irish Tax Measures to Apply to Outbound Payments

The proposals have been developed in the context of the OECD BEPS process and the recommendations of the European Commission that EU Member States take actions to reduce aggressive tax planning.

DBJ to review and update payables financing solution

After roughly a two-year run of the loan programme, the DBJ wants to execute a post-implementation evaluation of the product, after which it will review and update the product accordingly.

Guernsey's Consumer Lending, Financial Firm Business, Virtual Assets And Financial Platforms Licensing Regimes

Certain exemptions apply.

Regulation of financial platforms and crowdfunding in Guernsey

All businesses that provide or platform and intermediation business, in or from within the Bailiwick of Guernsey (“Guernsey”) will need a Part IV Licence unless an exemption applies.

Jersey politicians agree in principle to make landlords register all rental accommodation

Under the new proposals, properties will need to be inspected regularly to ensure they meet minimum safety and quality standards.

FirstCaribbean warns customers about fraudsters using fake emails

FirstCaribbean noted that if you are a victim of fraud, you should immediately contact your Relationship Manager so that they can initiate attempts at recovery.

Guernsey GST 'will make up part of government work plan'

The GWP proposes the priorities for the rest of the current political term, with the next general election due to be held in June 2025.

Central bank warns about possible counterfeit of banknotes

The Bank confirms that to date it has received no fake notes from the 2022 polymer banknote series, but reminds the public that the notes are not impossible to counterfeit .

Guernsey’s house price to income ratio joint worst in western Europe

The challenge is complex and requires input from multiple sectors however, which is why arc4 concluded that to improve getting people onto the housing ladder, the ladder itself must be fixed.

Regulation, Risk & Compliance