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 this past month…

• Jersey: Jersey’s government approved new legislation to enable it to roll out the OECD’s Pillar 2 model framework as from January 2025. Pillar 2 introduces a minimum corporate tax of 15% for multinationals with global revenues of more than EUR750m.
• Luxembourg: Finance Minister Gilles Roth outlined budget proposals for 2025.
• F1 in the islands: students in both Jersey and Cayman have been given the opportunity to design and make miniature racing cars as part of the F1 in Schools project, which aims to build STEM and broader business and life skills.
• Dubai: A new DIFC-curated platform – Ignyte – was launched to provide start-ups with the tools to scale faster and more effectively, making it the “ultimate growth hub for the region”.
• Crown Dependencies: around half of those living in each of Jersey, Guernsey and the IoM have found it difficult to meet living costs in the past 12 months, according to Island Global Research.
• IoM: The IoM has amended its AML and CFT rules in order to achieve consistency across its legislative landscape and greater alignment with FATF international standards.
• Singapore: Singapore has rolled out new cybersecurity measures to safeguard AI systems against traditional threats and emerging risks.
• Digital data security: cybercrime and data security were also firmly on the agenda in both the Caribbean and the Channel Islands, as Cayman hosted the international ‘Security BSides’ conference and Jersey hosted the 46th Global Privacy Assembly.