Regulation of Trust Company Business
Trust professionals in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey are required to operate within the confines of increasingly complex regulatory environments. Our lawyers can advise on contentious and non-contentious matters in relation to the laws and regulatory codes of conduct of these jurisdictions.
We provide up-to-date guidance and advice on all aspects of trust company regulation and compliance, including anti-money laundering (AML), regulatory processes, authorisation and registration, investigations and employment matters. We also deliver advice and due diligence services for fiduciary businesses that are embarking on merger or acquisition activities and we have a very strong track record in this area.
Where regulatory shortfalls are identified, we provide clear and practical advice on remediation programs to mitigate the risks to your business. We can manage the communications with the regulators and adjust policies and procedures with the aim of minimising the effects on staff and business, limiting the role of external consultants and containing costs.