Bermuda AML & ATF country update

Patrick Devine, Head of Advisory, Conyers Regulatory Services, outlines the Bermuda framework for its anti-money laundering and terrorist financing regime in an update published by the Thomson Reuters Regulatory Intelligence on 1st March 2021.

Related briefings

BMA proposes internationally active insurance group concept for Bermuda

In December 2020, as part of its review to update Bermuda’s commercial insurance regime, the Bermuda Monetary Authority issued a consultation paper proposing the introduction of an Internationally Active Insurance Group concept to meet the principles and standards of the International Association of Insurance Supervisors’ Common Framework.

Insurance Bulletin Spring 2021

Although the full impact of Covid-19 on the re/insurance industry remains unclear, the need to retain capital to meet potential losses has contributed to a general hardening of the market after 15 years of soft market conditions characterised by excess capacity, low prices and more relaxed policy terms.

Private Client Bulletin – April 2021

The fourth edition of Private Client Bulletin brings you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.

Cayman Islands private client legislative update

It’s trite to say that 2020 was a year marked by change. Having being bombarded with a variety of unsolicited adjustments to our daily lives, we could be forgiven for having developed a collective fear of change over the last 12 months. Fortunately, the legislative changes affecting Cayman Islands’ trust and private wealth practitioners do not align with the general trend of 2020. On the contrary, the pace and direction of change has been much more palatable as legislators have continued with the incremental modernisation of the Cayman Islands’ trusts law and related legislation.

Latest Briefings

Irish regulation in focus: Culture and individual accountability

Increasingly, there is a focus on culture and individual accountability in regulated firms. This has been heightened by various consumer protection issues which have been investigated including the tracker mortgage examination; high profile enforcement actions and the recent engagement with insurers on business interruption cover during COVID-19. Consistently, the Central Bank of Ireland (“Central Bank”) […]

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Simmons & Simmons

BCLP loses restructuring head to Simmons

Simmons & Simmons has hired Bryan Cave Leighton Paisner’s EMEA head of restructuring. The firm has recruited Ben Jones to its restructuring and special situations team in London. Starting from May, Jones will rescind his role at BCLP, which he has held for four years first at legacy Berwin Leighton Paisner and then in its […]

Dublin

Hogan Lovells is latest firm to launch in Dublin

Hogan Lovells has opened its 17th European office in Dublin, becoming the latest international firm to set up a base in the Republic of Ireland. The new office will initially focus on financial regulatory and antitrust. London-based competition partner Christopher Hutton has been appointed as the Dublin managing partner. A number of competition and regulatory […]

A digital services strategy is no longer a “nice to have”; it is a necessity

Julie Murphy-O’Connor, co-head of the commercial litigation group at Matheson, shares how the firm has invested in people, processes and technology to provide customised digital services and solutions for clients.  What has been your experience in implementing a digital strategy in a longstanding traditional law firm? Matheson has a long tradition of innovation. In 1980, […]

St Pauls London

Shoosmiths’ first-ever COO departs after one year

Shoosmiths‘ chief operating officer and board member is to leave the business after little more than a year in the newly-created position. Ben Bennett was hired in late 2019 as the firm’s first COO. Reporting to chief executive officer Simon Boss, he came in to support strategic growth and drive operational improvements. As part of […]

Arthur Cox hires Kirkland finance partner

Kirkland & Ellis has lost another City finance partner, as one of its regulatory specialists moves to Irish firm Arthur Cox. Sarah Thompson, who was formerly a partner in Kirkland’s financial services regulatory group, joins the firm in Dublin. She arrived at Kirkland as a partner in 2018 from Linklaters’ financial regulation group, where she […]

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