Crystal Concise: December 2024

Our 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 last month…

Channel Islands: Jersey finally announced its preferred operator for its ferry service and signed a deal with DFDS for 20 years, opting to go down a different route to Guernsey. But the saga hasn’t ended there, with Brittany Ferries electing to pursue legal action against Jersey’s government.

Luxembourg: politicians outlined the importance of embracing the AI opportunity at a Chamber of Commerce lunch, with a new report outlining 103 recommendations to propel Luxembourg forward in this space.

Cayman: a number of financial services bills were passed by the Caymanian minority government, largely related to fees and access to beneficial ownership information.

Public registers: public registers of beneficial ownership more widely were also firmly back on the agenda, as Dame Margaret Hodge was appointed as the UK’s new Anti-Corruption Champion

Cayman: Compass Media – which owns the flagship Cayman Compass newspaper – launched a talent search for local Caymanians the opportunity to embark on careers in television, both on and off screen, as part of its strategy to enhance its television output.

BVI: BVI Finance held its 2024 Financial Services Awards, which sought to recognise the leading firms and individuals driving progress in the BVI’s finance space.

Social Media: Tik Tok’s ban in the US still hung in the balance, with Trump looking to step in to try and find a ‘political resolution’ to the situation – US lawmakers had suggested the platform posed a national security threat, unless it was sold to another owner before 19 January 2025.

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