Following receipt of a provisional banking licence in 2019, Capital International Bank has now received the full Class 1(2) banking licence under the Alternative Banking Regime (ABR) from the Isle of Man’s Financial Services Authority, which means it can now take on new clients.
The decision to amend the rules surrounding Guernsey’s Private Investment Fund (PIF) options is aimed at enabling more investors to take advantage of the structure, increasing the attractiveness of Guernsey as a jurisdiction of choice.
By Jeffrey Kirk and Simon Gray – Ever innovative and commercially minded, the British Virgin Islands (BVI) has recently introduced a new regulatory regime for private equity, venture capital and other closed-ended funds – adding to its already well established, cost effective and popular stable of incubator funds and approved funds.
Estera, a provider of corporate, funds and trust services, has launched an interactive economic substance client portal and guide to help clients establish how their entities are impacted by the new economic substance regulations.
Amendments providing greater certainty and clarity to Cayman trusts law reaffirm the Cayman Islands' position as a market leading jurisdiction for the establishment and administration of sophisticated trust arrangements.
The new Cayman Islands' Formal Validity of Wills (Persons Dying Abroad) Law 2018, which came into effect on 1 February 2019, offers far greater flexibility for international clients who wish to invest in and do business in the Cayman Islands.
IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).
New legislation designed to strengthen Jersey’s capabilities to fight financial crime was introduced last week.
Updates to Jersey's Trusts Law, which include welcome clarity surrounding the disclosure of information to beneficiaries, will help to ensure the island remains one of the world's leading international private wealth centres, according to leading Jersey trusts lawyer Siobhan Riley.
Swiss fintech specialist Avaloq has acquired a 10 per cent stake in Metaco, a Lausanne-based blockchain and crypto-currency specialist.