Tag: Cayman Finance

Cayman Finance says sector keeping economy going

Cayman Finance says sector keeping economy going

| 27/03/2020 | 43 Comments

(CNS): Officials from Cayman Finance are reminding the community of the offshore sector’s importance to the country during the current COVID-19 health crisis. This comes after Premier Alden McLaughlin recently implied that the financial sector had been less than cooperative over efforts to shut down offices here and implement a ‘stay in place’ order rather […]

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Offshore sector scrambles to repair damage

Offshore sector scrambles to repair damage

| 19/02/2020 | 82 Comments

(CNS): Various major law firms have issued advisories and statements to clients over the last two days after a pretty bad day on Tuesday for the Cayman Islands’ reputation on the global financial stage. Cayman was blacklisted by the EU because government missed a deadline it was well aware was approaching, and then topped the […]

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Cayman develops online AML learning platform

Cayman develops online AML learning platform

| 11/02/2020 | 11 Comments

(CNS): As part of continuing efforts by the Cayman Islands to fill gaps in its regime dealing with financial crime identified by the Financial Action Task Force (FATF) and avoid potential black-listing, the government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing […]

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Premier makes most of NY trip

Premier makes most of NY trip

| 24/01/2020 | 57 Comments

(CNS): As Grand Cayman’s dump ignited with one of its worst blazes in years and government’s lawyers were in court arguing that the cruise port referendum law was fine, Premier Alden McLaughlin and his delegation were enjoying a visit to New York this week. The trip to Manhattan was to promote the offshore services sector […]

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Cayman fighting tax evasion, Rivers tells New Yorkers

Cayman fighting tax evasion, Rivers tells New Yorkers

| 24/01/2019 | 14 Comments

(CNS): Financial Services Minister Tara Rivers told an audience in New York this week that the Cayman Islands had been doing good work in the fight against tax evasion, money laundering and countering terrorist financing, as she delivered an address at the 6th Annual Cayman Finance New York Breakfast Briefing at the Harvard Club. The Cayman delegation had opted […]

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Governor heads to NY to support offshore

Governor heads to NY to support offshore

| 20/01/2019 | 18 Comments

(CNS): Governor Martyn Roper is travelling to New York Monday to join the delegation led by Premier Alden McLaughlin in an effort to promote the Cayman Islands’ financial services sector in the face of growing pressure and show his support for this important economic pillar, even though some of that pressure is coming from the […]

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Industry rejects Dutch blacklist over low tax rate

Industry rejects Dutch blacklist over low tax rate

| 10/01/2019 | 15 Comments

(CNS): The decision by the Dutch government to publish its own subjective “blacklist”, which included the Cayman Islands because tax rates are lower than in the Netherlands, is unusual and ignores the facts, especially as Cayman has had a tax information exchange agreement (TIEA) in place with the Netherlands since 2009, according to the financial services industry […]

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New laws to shake up offshore sector

New laws to shake up offshore sector

| 07/12/2018 | 43 Comments

(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax practices in order to dodge the latest black-list, Financial […]

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Cayman Finance courts Chinese investors

Cayman Finance courts Chinese investors

| 05/11/2018 | 39 Comments

(CNS): Cayman Finance CEO Jude Scott was a featured speaker at events in September in three major Asian cities, organised by the local offshore firm Maples. Scott spoke to business leaders and investors in Shanghai, Beijing and Hong Kong about how the Cayman Islands operates as a “neutral and efficient hub, connecting capital and financing around the world”, according […]

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Cayman Finance remains calm, Chamber outraged

Cayman Finance remains calm, Chamber outraged

| 02/05/2018 | 28 Comments

(CNS): Jude Scott, the CEO of Cayman Finance, has responded relatively calmly to the vote in the UK parliament yesterday, which will see the British government impose a public beneficial owners register on the Cayman Islands, as he pointed to the two-year process, during which time the dialogue with the UK would continue. Meanwhile, Chamber […]

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Cayman jumps up ranks in financial centre index

Cayman jumps up ranks in financial centre index

| 28/03/2018 | 41 Comments

(CNS): The Cayman Islands has jumped up eleven places in this year’s first edition of The Global Financial Centres Index. The biannual report rates and then ranks over 100 cities and jurisdictions that offer financial services, and Cayman is now the highest ranked centre in the Caribbean, with a rating of over 700 points, leapfrogging Bermuda, which was […]

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