Valsen Corporate

Offshore

Virtual Assets_Virtual Assets Service Providers

National Risk Assessment: Virtual Assets and Virtual Assets Service Providers

The Financial Action Task Force’s recommendation 15 (RES15) in connection with New Technologies stipulate that the Virtual Assets Service Providers (VASPs) to be regulated for Countering the Financing of Terrorism and Anti-Money Laundering purposes, registered or licensed and conditional on effective systems for supervision and monitoring. The Financial Action Task Force (FATF) endorsed an interpretive […]

New Financial Services Legislations amendments – Seychelles

New Financial Services Legislations amendments – Seychelles

New Financial Services Legislations amendments  – Seychelles  The President of the Republic of Seychelles, Mr. Wavel Ramkalawan vetted the new financial services legislation amendments following the approval of the National Assembly. The amendments have been gazetted on the 6th of August 2021.  The proposed amendments pertain to the International Corporate Service Providers (ICSP) Act that governs businesses that are known as Corporate Services […]

Structured Investment-Linked Insurance Business

Consultation Paper on – The Regulatory Framework for Structured Investment-Linked Insurance Business in Mauritius (SILIB)

Introduction – Structured Investment-Linked Insurance Business As announced in the National Budget 2020-2021, the Financial Services Commission Mauritius (FSC) will introduce a regulatory framework for Insurance Wrappers, which will henceforth be referred to as Structured Investment-Linked Insurance Business (SILIB) in order to enhance the competitiveness of the financial services sector.  The FSC is proposing to introduce the SILIB within […]

fiduciary responsibility

Relationship between leadership and fiduciary responsibility

Preliminary research results show that there is a strong correlation between genuine leaders and authentic fiduciaries.  For the last 14 years, the Centre for Board Certified Fiduciaries has studied the relationship between leadership behaviours and fiduciary responsibility. The research has been focused on one question: Do exemplary fiduciaries demonstrate the same behaviours as distinguished leaders? And the […]

Licensed Finance Companies

Introduction of a Regulatory Framework to Facilitate Foreign Currency Borrowings by Licensed Finance Companies 2021

The Monetary Board of the Central Bank of Sri Lanka (CBSL) issued directions on foreign currency borrowings by Licensed Finance Companies (LFCs) on 9th April 2021 with a view to provide flexibility for LFCs to obtain low-cost funding from foreign sources to support their business expansions. The objectives of these directions are to stabilize any […]

Wealth

Unlocking the Value of Data in Wealth Management 2021

  Wealth Management is undoubtedly in a period of constant change, motivated in part by changing investor preferences, regulatory developments, and evolving technologies.  As Wealth Managers formulate business and technology strategies, discussions on a variety of areas ranging from how best to select suitable solution partners obtaining the most accurate data, and, choosing the best deployment […]

Mauritius Foundation

Mauritius Foundation: Ideal Structure for Private Wealth Management

With the Mauritius Foundations Act 2012, Mauritius added Foundations to its list of wealth management structures available to choose from. Well-known for its economic and political stability and dynamic business regime, setting up a Foundation in Mauritius provides many benefits. This article will highlight the features and basics of a Mauritius Foundation as well as […]

Offshore Wealth Hubs – Asian Countries the World’s Future

Singapore and Hong Kong could ride a boom in offshore wealth management services to become the world’s largest wealth hubs during the coming years. Global asset managers are likely to channel greater resources to the region to achieve scale, while local managers are likely to draw on the scope of their domestic businesses to woo […]