Under Guernsey Financial Services Commission's (GFSC) revised Handbook on Countering Financial Crime and Terrorist Financing (the Handbook), which took effect on 31 March 2019.

The Financial Services Commission, Mauritius ("FSC") has released a communiqué on 21 July 2022 to announce its appointment as the Africa/Middle-East Regional Committee ("AMERC")...

The Financial Services Commission of Mauritius ("FSC") has released a Public Consultation – Securitisation Bill 2023 (the ‘Bill') communiqué on 10 March 2023.

The Bank of Mauritius ("BoM") has in collaboration with the Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) organised a workshop on 07 August 2020 for Money Laundering Reporting Officers ("MLROs").

As part of its ongoing objective to position Mauritius as Africa's Fintech Hub, the Financial Services Commission ("FSC") issued updates to its Guidance Notes under its Fintech Series.

Entities should now take action to assess whether they are in scope and therefore subject to relevant obligations under the AML/CFT/CPF regime.

£274 billion! That’s the net asset value of funds under management in Guernsey according to data released recently by Guernsey’s Financial Services Commission.

Since changes to the law were introduced in November 2007 the focus of fund regulation in Jersey has shifted away from product-by-product regulation in favour of the licensing of fund service providers by the Jersey Financial Services Commission (the “JFSC”).

On 20 February 2015, the Financial Services Commission (Amendment No. 6) (Jersey) Law 2015 was registered (Amendment Law). The Amendment Law makes changes to the Financial Services Commission (Jersey) Law 1998 to include provisions to enable the Jersey Financial Services Commission to impose civil financial penalties for material contraventions of the Codes of Practice and the AML/CFT Handbook and comes into force on 20 March 2015.

Although Mauritius is a well-known international financial hub, the captive industry has failed to develop as expected, especially due to a lack of effective legislation.

On 30 January 2025, the BVI Financial Services Commission (FSC) and the Financial Investigation Agency (FIA) announced that they are conducting a survey to assess the impact of their guidance documents.

The implementation of this annual financial reporting regime takes immediate effect and imposes a regulatory obligation on funds to file a Return for the reporting period ending 31 December 2008 and each year thereafter.

In March of 2010, the Financial Services Commission of Ontario (FSCO) launched its Pension Services Portal (PSP), which enables plan administrators to file Annual Information Returns, Investment Information Summaries, Pension Benefits Guarantee Fund Assessment Certificates, Pension Plan/Fund Financial Statements, Actuarial Information Summaries, and Actuarial Valuation Reports electronically.

Loss of profit, possible risks to reputation, decrease in stock price… an endless list on the impact of insider dealing and market abuse. Whilst cybersecurity risks may be a contributing factor,

The Financial Services Commission ("FSC") of Mauritius has issued a communiqué on 08 June 2023 to remind all licensees and registered individuals to renew their annual licenses and pay the corresponding fees.

Last year we commented on the broadening scope of Jersey's civil financial penalties regime and the consultation launched by the Jersey Financial Services Commission (JFSC) on their proposed...

Mauritius is well known as a high-class tourist destination. In 2008, it is expected to attract over 1,000,000 tourists. The other pillars of the economy are sugar production, information technology and textile exports.

The British Virgin Islands have launched a new Fintech sandbox to encourage technological innovation in financial services under a lighter touch regulatory regime.