Managers of Wealth

CySEC issues guidance on completing the due diligence procedures after the commencement of a business relationship

CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.

Recent Events Affecting the Bermuda Funds Industry and Upcoming Filings

Once registered as a private fund, the operator of the fund must certify to the BMA annually that the fund continues to satisfy the qualifying criteria (participants less than 20).

GDPR Survey: Benefits Beyond Compliance

Compliance is a chain of responsibilities.

Restructuring and Corporate Recovery measures in Guernsey

Financial services firms are working remotely and there has been no business interruption, with the island's internet infrastructure seemingly able to cope with the different way of working.

Capital Markets in the current climate

Capital markets and structured finance encompass a variety of asset types that have already been directly affected by the outbreak.

CS sued for price rigging worth billions in corporate bonds, report says

The banks are accused of inflating spreads between the prices where they bought and sold odd-lot bonds

Continuing obligations for Cayman Islands mutual funds

Every entity incorporated or registered in the Cayman Islands will be required to notify the Cayman Islands Tax Information Authority

Unexplained Wealth Orders discharged by English High Court

Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)

Collas Crill Guidng You Through... Getting a Foreign Insolvency Officeholder Recognised in Jersey

The capacity and power of a foreign officeholder will be derived from the laws of the jurisdiction of the foreign officeholder's appointment

Restructuring and Corporate Recovery measures in BVI

Financial services firms are working remotely and there has been no interruption to business continuity for the sector.

Restructuring and Corporate Recovery measures in Jersey

The JFSC have confirmed that while their physical premises are closed, a flexible business continuity strategy is being implemented and they intend to take a pragmatic approach when dealing with filings, submissions and responding to clients (with the vas

Restructuring and Corporate Recovery measures in Cayman

The financial services sector has adapted well to the new restrictions and continues to operate effectively through the use of electronic filing and payment systems.

CEO of Norway's sovereign wealth fund faces probe after luxury jet use

The development adds to questions about the fund's choice of Mr Tangen as CEO as he faces criticism in Norwegian media for what is perceived as a jet-set lifestyle that's unsuited to the guardian of an entire nation's savings.

EIB under scrutiny for failings after whistleblowing complaints

The bank falls short of EU anti-money laundering rules, internal audit reveals

UK couples can now leave up to £1 million to their children free of inheritance tax, after changes to the RBRB

The legislation has been heavily criticised for its complexity, but the correct guidance and careful planning can help you overcome this.

Competition Law Enforcement in a Time of Crisis: Key Messages from the European Commission

Guidance from the Commission: Assessing competition law issues relating to business cooperation in response to the COVID-19 outbreak

EY ordered to pay whistleblower $11m in Dubai gold audit case

Court rules accountancy firm breached code of ethics in its dealings with a refiner

Prosecutor Probes Ex-Swiss Bank CEO

The case has raised eyebrows in Switzerland, where insider trading convictions are rare and those of former top executives even more so.

Former Barclays banker cleared of fraud hits out at SFO’s powers

Richard Boath tells FT the agency that charged him had fallen short of its responsibility

How Banks Can Detect Money Mules in the Time of COVID-19

Most money-mule operations rely on establishing informal ties to the global financial sector.

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