The Financial Services Industry in Mauritius is growing at a fast pace. According to the Financial Services Commission, 2006 Annual Report the Non Banking Financial Industry Sector already contributes to 4% of the GDP and the growth rate is at present some 10% or more. Incidentally the number of Licensed Service Providers is also increasing.

"Worthiness" is commonly defined as "the quality of deserving respect or attention." In the eyes of a financial institution, onboarding or maintaining an ongoing business relationship...

The summer months have seen a number of interesting developments for Gibraltar's financial services industry.

The Guernsey Financial Services Commission (GFSC) has issued its Code of Corporate Governance.

The BVI Financial Services Commission (FSC) hosted its annual Meet the Regulator (MTR) Forum on 12 December 2024.

The Financial Services Commission of Mauritius ("FSC") has issued a communique on the 31st August 2020 to inform the public that they have issued the (Peer to Peer Lending) ...

It is welcoming to note the Financial Service Commission (‘'FSC'') issued a communique in January 2022 to clarify its new policy stand with regard to the application of CIGA on applicants...

The Financial Services Commission ("FSC") of Mauritius has issued a circular letter on 8 April 2021 informing Issuers that the FSC will be accepting audited financial statements prepared...

On December 12, 2018, the States of Guernsey voted to approve legislation which represents the culmination of a substantial effort to revise Guernsey's proceeds of crime framework in order to meet the ...

Following the announcement of the Government on peer-to-peer lending and funding in the 2017-2018 Budget, the Mauritian Financial Services Commission...

Gibraltar's new Financial Services Act ("the Act") and accompanying regulations ("the LRP Regulations") ...

On 29 June 2023, The Financial Services Commission (FSC) of Mauritius released a draft Guidelines on Cloud Computing Services for public consultation, seeking feedback from stakeholders and the public.

On 20 December 2022, the FSC issued the Financial Services (Global Shared Services) Rules 2022 (the "Rules"), which came into operation on 3 January 2023.

Guernsey has again demonstrated its leading position in the sustainable finance space with the publication of an amended Finance Sector Code of Corporate Governance by The Guernsey Financial Services Commission (GFSC).

In May 2016, the European Commission published proposals to prevent companies and online retailers, who sell in or into the EU, from engaging in ‘geo-blocking' and other geographical restrictions.

It is based on the above provision of the law that the FSC has acted to revoke the licenses of the shipping companies, as a measure to implement targeted financial sanctions in compliance with The United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019 (UN Sanctions Act).