Christopher Capewell

2 months ago | mondaq.com | Chris Newton |Matthew Gilbert |Joanna Russell |Christopher Capewell

On 10 December 2024, the Trustee (Amendment) Act, 2024 (the"Amendment Act") came into force in the British VirginIslands ("BVI"). The Amendment Act introduced newobligations on trustees, particularly in relation to themaintenance of beneficial ownership information. A summary of key takeaways is discussed below. Maintenance of Beneficial OwnershipInformationTrustees are now required to collect, keep, and maintainaccurate and up-to-date information on beneficial owners of thetrust.

2 months ago | mondaq.com | Christopher Capewell |Chris Newton |Joanna Russell |Matthew Gilbert

Our 2025 British Virgin Islands regulatory calendar isnow available!The 2025 BVI regulatory calendar includes key regulatory filingdates with additional guidance and background on some of theprimary regulatory regimes that apply in the British VirginIslands. For further information, please reach out to your usual MaplesGroup contact or any of the contributors listed. The content of this article is intended to provide a generalguide to the subject matter.

Dec 4, 2024 | hedgeweek.com | Christopher Capewell |Patrick Head |Ellen O’Brien |Lisa Page

PARTNER CONTENT Written by: Christopher Capewell, Patrick Head, Ellen O’Brien, and Lisa Page Maples Group In October 2024, the Cayman Islands Tax Information Authority (“TIA”) issued a significant number of Common Reporting Standard (“CRS”) Breach Notices to entities that are registered as Reporting Financial Institutions (“Reporting FIs”) on the Cayman Islands Department for International Tax Cooperation’s (“DITC”) Portal, which each omitted to file their CRS return (or CRS Filing...

Aug 2, 2024 | mondaq.com | Christopher Capewell |Julian Ashworth |Patrick Head |Philip Dickinson

The Cayman Islands' new beneficial ownership regime was brought into force on 31 July 2024, however, the Ministry of Financial Services and Commerce (the "Ministry") has confirmed there will be no enforcement of the new requirements until 1 January 2025. Thousands of entities will now fall into the scope of the beneficial ownership regime for the first time and those already filing beneficial ownership details will need to review their reporting requirements under the new rules.

May 8, 2024 | mondaq.com | Christopher Capewell |Patrick Head |Adam Huckle |Tim DAWSON

The Cayman Islands Anti-Money Laundering Regulations (the "AMLRs") were amended on 19 April 2024 when the Anti-Money Laundering (Amendment) Regulations, 2024 came into force. Tidy-Ups The bulk of the changes were to make it clear that compliance requirements apply not only in the context of anti-money laundering ("AML"), but also in application of counter-terrorist and proliferation financing measures.