The Financial Reporting Authority (FRA) has published the updated “Financial Sanctions Guidance”. This Guidance was updated to include identification of Proliferation Financing and also an update to the Compliance Reporting Form.
Maples and Calder, the Maples Group’s law firm, is pleased to announce that it has retained its position as the number one listing agent on the Cayman Islands Stock Exchange (the “CSX”) having advised on 47% of all CSX’s listings in 2019. The Group’s global listings team is an acknowledged leader in listing services with …
Maples Group Number 1 Listing Agent on Cayman Islands Stock Exchange Read More »
The Cayman Islands has achieved another milestone in improving its understanding of how the jurisdiction can be misused for possible illicit purposes. In response to recommendations made by the Caribbean Financial Action Task Force (CFATF) in the Mutual Evaluation Report of the Cayman Islands, published in March 2019, the Cayman Islands undertook and completed a …
Cayman Islands Completes National Assessment of Terrorism Financing Risk Read More »
19 February 2020 The Tax Justice Network (TJN) is once again publishing misleading and inaccurate information about the Cayman Islands and appears to be more focused on entertainment than reality. Its scoring skews results whereby successful financial centres are artificially pushed up the ranking. The Cayman Islands would not be highly ranked on any secrecy …
Cayman Finance Response to Tax Justice Network Financial Secrecy Index 2020 Read More »
Cayman Finance fully supports actions being taken by the Cayman Islands Government to constructively engage with European Union officials with an aim to reverse an EU decision to include the jurisdiction on a list of non-cooperative jurisdictions for tax purposes. “The Cayman Islands has had a track record of meeting evolving global standards and that …
The Cayman Islands Government has already contacted EU officials to begin the process of being removed from the EU list of non-cooperative jurisdictions as soon as possible, which is understood to be October this year, said the Cayman Islands Premier, the Hon. Alden McLaughlin. Acknowledging that the EU’s decision today (Tuesday, 18 February) is deeply …
Cayman Contacts EU to Begin the Delisting Process Read More »
GRAND CAYMAN, Cayman Islands – The Government of the Cayman Islands is aware of media reports on the ongoing revision of the EU list of non-cooperative jurisdictions for tax purposes. While reports suggest the recommendation to EU Ministers of Finance that has been made by EU Ambassadors, the EU Ministers of Finance will make the …
Cayman Islands Government Statement on EU List of Non-Cooperative Tax Jurisdictions Read More »
We are pleased to have the world’s top clients and professional services firms doing business through the Cayman Islands and we wanted to update interested parties on important enhancements to the Cayman Islands Investment Funds Regime. The Cayman Islands is the leading international domicile for global investment funds, both open-ended and closed-ended investment funds. The Cayman Islands investment fund …
Cayman Finance Statement on Mutual Funds Law (2020 Revision) and Private Funds Law 2020 Read More »
The Cayman Islands Government, with support from Cayman Finance, has developed online learning modules relating to anti-money laundering, countering terrorist financing, and countering proliferation financing (AML/CTF/CPF). These free, self-paced, on-demand lessons are available for persons in the financial services industry and in designated non-financial businesses and professions, such as lawyers and realtors. The objective is …
Online AML Learning Platform Now Available for Industry Read More »
Ogier’s Global Head of Dispute Resolution and Contentious Trusts Rachael Reynolds was named Offshore Litigator of the Year at last night’s Citywealth International Finance Centre awards. Now in their ninth year, the Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector in the major …
Ogier’s Rachael Reynolds named Offshore Litigator of the Year Read More »