A regular snapshot from the Crystal team of some of the highlights and points of note for finance and corporate comms pros from around the jurisdictions this past month…
- Gibraltar: a follow up report from MONEYVAL re-rated Gibraltar as ‘largely compliant’ on AML
- Luxembourg: ALFI, the jurisdiction’s funds body, published its latest annual report. It highlighted in particular that the value of Luxembourg’s fund assets now stands at almost EUR5.5trn
- Abu Dhabi: the Abu Dhabi regulator opened a consultation on laws surrounding family offices and company structures
- Cayman: the jurisdiction’s tourism ministry announced that a new roadmap for the industry would be announced next year – whilst contracts have also been awarded to agencies totaling more than $12m to promote the islands as a luxury destination. In addition…
- Cayman: a new 5G mobile data service was officially launched in Cayman
- IoM: June saw the IoM host its flagship TT event, with Yorkshireman Davey Todd winning the Senior TT race
- Interest Rates: the European Central Bank cut interest rates for the first time in 5 years
- EU: the European Commission has been called on to make sustainable investment labels clearer as part of SFDR reviews. Meanwhile…
- Sustainability: EU countries voted to approve a wide ranging piece of legislation aimed at restoring ecosystems across the bloc – amongst the demands of the Nature Restoration Law is that all EU member states must restore at least 30% of habitats in poor condition by 2030
- World Wealth: The number of HNWIs globally rose by 5.1% last year to 22.8 million, according to the latest Capgemini World Wealth Report. Their total wealth reached $86.8 trillion in 2023, a 4.7% increase from the previous year, The number of HNWI and their total wealth are the highest since Capgemini began the study in 1997.
- CIPR: the industry body published its 2023 Annual Report, a publication that showcases the value of the industry to society, and reflects the organisation’s 75th anniversary