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Cayman Islands
British Virgin Islands

OFSI Imposes Penalty on Deutsche Bank for Russia Sanctions Breaches

The UK’s Office of Financial Sanctions Implementation has today published notice of a £165,000 penalty imposed on Deutsche Bank AG London Branch on 30 April 2026 for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019. This related to two payments, processed in June and July 2022 and totalling £635,618.75, to an entity wholly owned by a designated person. Read more →

Adam Huckle, Sam Short

19 May 2026

Ireland

The Central Bank’s Thematic Assessment: Compliance Functions in the MiFID Investment Firm Sector

The Central Bank of Ireland’s latest review of MiFID firms puts compliance functions firmly in focus. This blog looks at the key findings, from governance and board oversight to monitoring, training and succession planning, and outlines the practical steps firms should take now. Read more →

Lorna Smith, Philip Keegan, Stephen Carty

19 May 2026

Ireland
British Virgin Islands

EU AML List of High-Risk Jurisdictions Adds BVI – Practical Implications for BVI Entities

This post considers the practical implications for BVI entities of BVI being added to the EU AML List of High-Risk Jurisdictions. Read more →

Ayana Hull, Joanna Russell, Stephen Carty

07 May 2026

Cayman Islands
British Virgin Islands

Upcoming Changes to Cayman / BVI Sanctions Regulations

The UK’s Office of Financial Sanctions Implementation has today given industry advance notice of forthcoming changes to the various UK sanctions regulations, which also have effect in Overseas Territories such as the Cayman Islands and the BVI. The changes will come into effect on 12 May 2026. Read more →

Adam Huckle, Sam Short

23 Apr 2026

British Virgin Islands

CRS 2.0 In Effect In The British Virgin Islands

On 5 March 2026, the Mutual Legal Assistance (Tax Matters) (Amendment) (No 2.) Act 2026 was published in the British Virgin Islands (“BVI”) Gazette. This Act amends the Mutual Legal Assistance (Tax Matters) Act (As Revised), to give effect to the amended Common Reporting Standard (also known as “CRS 2.0”). Read more →

Ayana Hull, Ellen O'Brien

22 Apr 2026

Ireland

The Central Bank’s 2026 Regulatory & Supervisory Outlook: What Irish Fund Managers Need to Know

The Central Bank of Ireland has set out its supervisory agenda for 2026, with governance, delegation, operational resilience, asset valuation and ESG compliance among the key focus areas for Irish fund managers. Read more →

Lorna Smith, Philip Keegan, Stephen Carty

08 Apr 2026

British Virgin Islands

BVI Beneficial Ownership: Legitimate Interest Access now fully operational

The Government of the British Virgin Islands (“BVI”) confirmed yesterday that the long-anticipated legitimate interest access (“LIA”) system for beneficial ownership (“BO”) information is now in force. Effective 1 April 2026, the LIA system introduces a structured mechanism through which third parties may apply for access to BO information held within the BVI’s systems. Read more →

Ayana Hull, Christopher Capewell

02 Apr 2026

Ireland

In Focus: CASP Authorisation and Competency Requirements

ESMA’s latest guidance sets a high bar for firms seeking CASP authorisation under MiCAR. From governance and substance requirements to staff competence standards, the expectations are clear and demanding. Read the key takeaways from ESMA’s Supervisory Briefing and Competence Guidelines and what they mean for firms preparing applications for authorisation. Read more →

Fiona McGreal, Lorna Smith

01 Apr 2026

Jersey

Changes to Jersey’s Control of Borrowing Regime

Since the 1950s, the raising of money, issuance of securities and circulation of prospectuses in or from Jersey has been regulated by the island’s Control of Borrowing regime (the “COBO Regime”) which requires, in various circumstances, the issuance of a consent by the Jersey Financial Services Commission (a “COBO consent”). Read more →

Mark Crichton, Mark Slater

01 Apr 2026

QUICK LINKS

Cayman Islands

Cayman Islands Monetary Authority (CIMA)

Department for International Tax Cooperation

British Virgin Islands

BVI Financial Services Commission (FSC)

Virgin Islands International Tax Authority

Ireland

Central Bank of Ireland (CBI)

Office of the Revenue Commissioners

Jersey

Jersey Financial Services Commission (JFSC)

Luxembourg

Commission de Surveillance du Secteur Financier (CSSF)

Luxembourg ACD (Administration des contributions directes)

EU

European Central Bank (ECB)

European Securities and Markets Authority (ESMA)

The Regulatory 15/15 Podcast

Regulatory Calendars

AML/CFT/CPF & Sanctions Training

AEOI and Economic Substance

Assistance with Regulatory Inspections

Regulatory & Compliance Solutions

Disclaimer

This blog is provided for general information only. While we endeavour to ensure that it is current as at its date of publication, it does not purport to be exhaustive, and it may not reflect all legal and regulatory developments at any time. It does not constitute or contain legal advice and does not create any contractual and/or attorney-client relationship. Any reliance on the blog is solely at your own risk and to the extent permitted under applicable law or regulation the Maples Group disclaims any liability for any loss that may arise from your use or reliance on it. If you require legal advice, please reach out to your usual Maples Group contact.