Insights

FinCEN and AML updates: More requirements for fund managers on the horizon?

On February 13 2024, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a notice of proposed rulemaking focusing on stricter Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) requirements for certain previously exempted RIAs. If enacted, the revised rule would bring significant changes to the investment adviser industry

Apex Group paves the way by harnessing the power of blockchain to open up access to global private market funds

The financial services firm has adopted a pioneering approach, aiming to expand investor access and increase fund distribution and administration efficiency.

Uluwatu appoints Apex Group to provide fund administration services

Uluwatu Limited has appointed Apex Group, the global financial services provider, to provide fund administration services.

The SEC adopts Climate-Related Disclosure Rules

On March 6 2024, the SEC approved the long-awaited climate-related disclosure rules.

CSRD: What is the double materiality assessment?

Apex Group delivers a private equity solution for Investec

Apex Group has recently worked with Investec to launch an innovative multi-asset private markets offering to a selected circle of qualifying high-net-worth investors that would typically only be accessible by institutions and large family office clients.

Apex Group hires new Head of Financial Crime

Apex Group has appointed Mark Le Page as its new Head of Financial Crime in Guernsey

Apex Group to sponsor SailGP’s most exciting racing event in Bermuda

Apex Group is set to be the new sponsor of SailGP’s most exciting racing event in Bermuda. This comes as SailGP and the Bermuda Tourism Authority (BTA) announces the return to the world’s most exciting racing on water in Bermuda.

What to expect: Key trends in Insurance Linked Securities market in 2024

Rudy DCunha, Global Head of Insurance Services Following a remarkable performance in 2023, the Insurance Linked Securities (“ILS”) market continues to garner increased interest in the alternative capital sector. The surge in new capital raised in 2023 led to heavily oversubscribed and upsized issues, indicating robust market demand. As the market continues to see record-breaking inflows, here are some of the key trends we expect in 2024. These trends reflect the ongoing evolution of the ILS market and the broader insurance industry:

Apex Group boosts regulatory consulting service with enhanced team

Apex Group, the leading global financial services business, today announces the strengthening of its regulatory consulting service with a number of new, senior level appointments and promotions.

The Digital Operational Resilience Act (“DORA”) - Developments

On December 8 2023, the three European Supervisory authorities (“ESAs”) - European Banking Authority (“EBA”), the European Insurance and Occupational Pensions Authority (“EIOPA”) and the European Securities and Markets Authority (ESMA”) - launched the second consultation on the second batch of Digital Operational Resilience Act (“DORA”) policy products.

The Economic Crime and Corporate Transparency Act (ECCTA ) - March 2024