09/29/2020

BVI named in 'FinCen Files' leaks

The BVI has been caught in the new exposé from the International Consortium of Investigative Journalists that reveals major flaws in the global anti-money laundering safeguards

09/27/2020

Guernsey legal and regulatory update Q3 2020

The GFSC has also recognised that there are increased information security risks as a result of licensees being unable to (or choosing not to) operate in their traditional office space with the acceleration of working from home which has followed the pand

09/25/2020

EU-US Privacy Shield declared invalid – what's next?

To ensure transatlantic data flows between the EU and the US following this annulment, the EU Commission and the US government reached a new political agreement on the subject, following which the Privacy Shield decision was adopted in July 2016.

09/24/2020

FINMA reprimands Swiss private Bank

In the course of these proceedings FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets.