05/05/2021
The Cayman Court therefore held that the primary limitation period for the claims made in the proceedings issued by Ritchie in Cayman on 21 May 2019 had already expired five years previously in 2014, and they were time-barred.
05/05/2021
Additionally, all approved managers - being entities licenced to act as an investment manager/ investment advisor under the Investment Business (Approved Managers) Regulations, 2012 - are now required to complete and file the AML/CTF Return.
05/05/2021
The rules in MAR on insider lists are also being amended from 29 June 2021
05/05/2021
In addition, the recently enacted Anti-Money Laundering Act of 2020 (AMLA), among other things, gives FinCEN additional information collection tools and establishes an important role for technology and innovation in enhancing financial institutions’
05/05/2021
Changes to penalties for criminal market abuse bring the maximum prison sentence in line with that for other economic crimes such as money laundering and bribery offences.
05/05/2021
The fact that the limitation period on the underlying matter of complaint has expired is a material, and often a very material, factor.
05/05/2021
To facilitate corroboration, compliance professionals should confirm their policies and procedures regarding customer identification, specify if there exists any inherent risks
05/05/2021
Other jurisdictions, notably the US, have recently seen evolution and significant growth in this sector, with larger-scale SPACs
05/05/2021
It is therefore timely to consider the conflict between parties' contractual rights to arbitrate and their statutory rights to present a winding up petition and how a balance can be struck when determining which should prevail.
05/05/2021
It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.
05/04/2021
Although remuneration applications made by Cayman Islands insolvency office holders are a statutory requirement and therefore commonplace in the Grand Court
05/04/2021
Sanctions can include trade sanctions, travel bans, transport sanctions and financial sanctions.
05/04/2021
Riad Salameh has been accused of fraudulently amassing a large fortune in Europe
05/04/2021
The market for climate and socially conscious investment has huge potential, with investment in ESG-oriented funds topping US$1 trillion this year.
05/03/2021
Bermuda’s Government has nevertheless committed to pressing forward with the legislation.
05/03/2021
The recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) are voluntary, but are fast gaining traction within sustainability/ESG policy and regulation
04/30/2021
These Cyber Coordination Groups (CCGs) have aimed to help firms share knowledge and discuss good practices in protecting themselves from cyber threats.
04/30/2021
Under current law, the US does not generally impose capital gains tax on appreciated assets when people die or make lifetime gifts.
04/30/2021
The provider’s responsibility extended only as far as providing information about the SIPP – the kind of advice that Mr N appeared to have expected went beyond the role of an administrator.
04/30/2021
The guidelines are set to be published on the NAMLCFTC and other regulatory bodies’ websites, to increase knowledge of the rules and ensure action by licensed entities.