10/19/2022
Jersey planning guidance out for consultation
The supplementary guidance also delivers on some of the proposals in the bridging Island Plan.
Regulation, Risk & Compliance
10/19/2022
MP Ebanks to address FATF Plenary
Announcement to be made about jurisdiction's status
10/19/2022
CDB, IDB, World Bank endorse Jamaica’s new procurement system
Electronic procurement, or e-procurement, is the process of requesting, ordering and purchasing goods and services digitally, through a system accessible by registered users.
10/18/2022
Jersey Withdraws Covid-19 Economic Substance and Corporate Tax Residency Concession
The Covid-19 Concession was always a temporary measure
10/18/2022
'Opt-in' clause aims to protect doctors from assisted dying pressure
Since the defeat of the assisted dying legislation proposals in 2018, a lull in progress in Guernsey has been matched by steps forward elsewhere.
10/18/2022
Worldwide: From Russia With Sanctions – Cayman Introduces General Licence For Certain Funds
Unfortunately for us, there is no easy way to address these issues as the war, and sanctions issues, continue to rumble on.
10/18/2022
GB Power announces fuel charge hike
"With GBPC’s fuel purchase strategy, or fuel hedging program, we have been able to protect customers from global price volatility as the cost of oil has risen this year,” said Nikita Mullings, Chief Operating Officer at GBPC.
10/18/2022
No penalties for businesses adjusting to new price controls
The statement continued: “The changes to the Price Control regulations come into full effect on October 17th, 2022.
10/18/2022
Apex Group announces collaboration with BlackRock’s eFront to bolster ESG data collection for private markets
The partnership will provide GPs with a combination of Apex Group services and eFront’s technology
10/17/2022
Bahamas to implement temporary price control measures on key food staples
Despite concerns of a global recession, the Bahamian economy is expected to see an 8 percent growth in GDP for this year.
10/17/2022
IoD responds to Population and Immigration Policy Review
The IoD said that it believes Guernsey’s declining workforce is a long-term, systemic issue which will require a multi-pronged approach to address this.
10/17/2022
Take privates by way of a scheme of arrangement in the Cayman Islands
The privatisation of a Cayman Islands company listed on the HKEX would typically be a scheme of arrangement.
10/14/2022
Early bankruptcy warning system among new insolvency reforms
Proposed laws will make it easier to manage the estate of insolvent entities
10/14/2022
Financial sector huddles over money crimes
Spotlight on Jam-Dex, real estate, lawyers, used-car and hardware trade
10/14/2022
Russia: Cayman Islands Sanctions Update
The Regulations also provide for a mechanism through which general licences can be issued, which allow multiple parties to undertake activities which would otherwise be prohibited by the Regulations without the need for a specific licence.
10/14/2022
Financial crime risk assessment is launched
Regulated trust and company service providers responsible for administering trusts will receive an invitation from myJFSC inviting them to complete the questionnaire.
10/14/2022
Chamber of Commerce warns minimum wage hike may bring more inflation, job cuts
Consumers spend decline could result in permanent closure for some businesses
10/13/2022
Employers offering more flexibility amidst pressure to recruit and retain staff
73% were offering, or were planning to offer, increased flexibility / remote working to fill vacancies.
10/13/2022
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
Privy Council clarifies the nature and ranking of a former trustee's equitable lien in insolvent trusts
10/12/2022
Bahamas downgraded by Moody's Investors Service
The downgrade comes as the rating agency considers an ongoing economic recovery, driven primarily by tourism activity, and a narrowing fiscal deficit.