Offshore

On 11 June 2026, the Court of Justice of the European Union (the “Court”) delivered its judgment in Case C-81/24, Jenec. The case concerned the relationship between the right of access to a payment account with basic features under Directive 2014/92/EU (the “Payment Accounts Directive”) and the AML/CFT obligations imposed on financial institutions under Directive (EU) 2015/849 (the “AML Directive”).

Guernsey Finance serves as the official promotional body for Guernsey's international finance sector, operating as a collaborative initiative between government and industry stakeholders. The organization works to enhance Guernsey's global reputation and facilitate connections within the international financial services community.

The British Virgin Islands financial services sector has demonstrated remarkable strength in early 2026, with new company incorporations surging 10% year-over-year to reach the highest first-quarter performance in four years. The jurisdiction's expanding ecosystem now encompasses over 362,000 active companies, growing fintech and virtual asset services, and more than 2,000 registered investment funds, signaling sustained global confidence in BVI structures for cross-border transactions.

Partners Sarah Thompson and Rob Cain examine Article 21c of CRD IV as amended by CRD VI, exploring how new restrictions on third-country institutions providing core banking services into the EU will reshape cross-border operations. The discussion addresses implementation uncertainties, grandfathering deadlines, and strategic considerations for financial institutions navigating the January 2027 compliance horizon.