Client Updates

Read our latest articles, press releases, updates, newsletters and announcements. 

12 Dec 2018

In line with its commitment to provide flexible and innovative legal structures for cross border trading and investment activity, the British Virgin Islands ("BVI") has recently expanded the use of its segregated portfolio company regime. A segregated portfolio company ("SPC") may create individual segregated portfolios in order to segregate the assets and liabilities of one segregated portfolio from those of the other segregated portfolios, and from the company's general assets.

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7 Dec 2018

The Cayman Islands Monetary Authority has released updated Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands.

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4 Dec 2018

The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 transposes the majority of the Fourth Money Laundering Directive (EU) 2015/849 into Irish law.

The Act came into force on 26 November 2018. It updates the current Irish framework of legislation for the prevention of the use of the financial system for the purpose of money laundering or terrorist financing. This update summarises the key changes under the Act and how it affects Irish authorised investment funds (both UCITS and AIFs, irrespective of their legal form).

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9 Nov 2018

In light of the uncertainty Brexit and BEPS will present, the Maples group has conducted a brief survey of its global client base to understand the expected impact of Brexit and BEPS, including the challenges and resulting implications for business operations.

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7 Nov 2018

Sanctions Orders are extended by Statutory Instrument to the British Overseas Territories, including the British Virgin Islands and the Cayman Islands, to implement sanctions regimes implemented by the United Nations Security Council, the European Union and the United Kingdom Government.

From 7 November 2018, pursuant to The Sanctions (Overseas Territories) (Amendment of Information Provisions) Order 2018, the reporting obligation in respect of Financial Sanctions Orders shall extend to 'relevant businesses and professions', including auditors, casinos, precious metal and stone dealers, external accountants, independent legal professionals, real estate agents, tax advisors and trust or company service providers.

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