The Group of International Finance Centre Supervisors (GIFCS) held a Plenary meeting in the Cayman Islands focused on strengthening oversight of trust and company service providers (TCSPs), including work to revise the GIFCS Standard on the Regulation of TCSPs and to share case studies of supervisory practice and member compliance evaluations. Discussions also covered HR development and capacity-building in international financial centre jurisdictions, peer evaluations of compliance with the Financial Action Task Force (FATF) Recommendations, stablecoin and broader crypto developments across member countries, and new member applications. GIFCS Chair John Aspden described the TCSP Standard as an international benchmark and said updates are intended to reflect experience gained from assessing compliance. The next GIFCS Plenary meeting is scheduled for 22-23 April 2026 in Gibraltar.
Group of International Finance Centre Supervisors 2025-11-17
Group of International Finance Centre Supervisors begins revision of its Standard on regulating trust and company service providers
The Group of International Finance Centre Supervisors (GIFCS) held a Plenary meeting in the Cayman Islands to enhance oversight of trust and company service providers (TCSPs) by revising the GIFCS Standard and sharing supervisory practices. Discussions included HR development, compliance with Financial Action Task Force (FATF) Recommendations, stablecoin and crypto developments, and new member applications.