GIFCS members meet to discuss regulation of trust and company service providers, and HR development
The GIFCS held a Plenary meeting on 4-6 November 2025 in the Cayman Islands.
Topics included were:
· Revision of the GIFCS Standard on the Regulation of Trust and Company Service providers
· Case studies of TCSP supervisory practice
· Evaluations of members’ compliance with the TCSP Standard
· HR development and capacity-building in IFC-type jurisdictions
· Evaluations among members of compliance with the FATF Recommendations
· Stablecoin and crypto developments in member countries
· New member applications
John Aspden, Chairman of GIFCS, commented “The GIFCS Standard on the Regulation of Trust and Company Service Providers remains an international benchmark of supervisory practice for this important sector of financial activity. We want to keep it up-to-date, reflecting the considerable experience we have built up in assessing compliance with it.”.
GIFCS’ next Plenary meeting will be held in Gibraltar on 22-23 April 2026.
Notes for editors
The GIFCS is a long-established group of financial services supervisors with a core interest of promoting the adoption of international regulatory standards especially in the banking, fiduciary and AML/CFT arena.
The GIFCS was established in 1980. Today its membership accounts for a significant market share of global international banking and fund assets. The Group, which meets formally twice a year, has become a very positive contributor to promoting compliance among its membership with the Basel Core Principles and the FATF Recommendations for AML/CFT. Members also contribute to some of the work of IOSCO.
The GIFCS has become recognised as a leading authority on the regulation of trust and company service providers, the interface of these intermediaries with AML/CFT standards, and on the principle of identifying beneficial owners behind trust and company structures. It has issued an international Standard for the regulation of the TCSP sector, which is being implemented by members and against which their compliance is formally evaluated.
Contact:
John R Aspden
Chairman
Group of International Finance Centre Supervisors
C/o PO Box 58
Finch Hill House
Bucks Road
Douglas
Isle of Man IM99 1DT
Web: www.groupgifcs.org
Email: jaspden@groupgifcs.org
Tel: +44 (0)7403610895