Cayman Finance

Economic Substance Regulations Published

The Ministry of Financial Services wishes to advise the following: Industry is advised that the International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2020 have been gazetted today (Friday, 10 July) and are now in effect. The International Tax Co-operation (Economic Substance) (Amendment of Schedule) Regulations, 2020 (the “Regulations”) were made by the Cabinet …

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Walkers Lawyers Receive IFLR’s Top Women Leaders Recognition

Walkers’ partners, Ingrid Pierce and Caroline Williams are the recipients of the 2020 IFLR1000 Women Leaders Guide award for the Americas region. The IFLR1000 is a leading legal directory, which ranks the world’s most prominent financial and corporate law firms and lawyers. Ingrid and Caroline are among 69 women in the Americas recognised in the …

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Walkers Admits Caymanian Attorneys Lloyd Barker and Alexandra Franklin

Walkers is pleased to announce the admissions of Lloyd Barker and Alexandra Franklin, both of whom were called to the Cayman Islands Bar on Friday 26 June after completing their legal training with the firm. The admissions were the first to be heard in the Grand Court of the Cayman Islands since the Government enforced …

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Funds Amendments Enacted

Funds Amendments Enacted Industry is advised that the following laws came into effect on Tuesday, 7 July, to fulfil Cayman’s commitments to the EU and to facilitate our removal from its list of non-cooperative tax jurisdictions. Mutual Funds (Amendment) (No. 3) Law, 2020The Mutual Funds (Amendment) Law, 2020 (the “MF Amendment Law”) was passed in …

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Cayman Finance Statement on Funds Amendments

The Cayman Islands Government recently passed amendments to the Private Funds Law, 2020 and the Mutual Funds (Amendment) Law, 2020 to provide further clarity on the interpretation of the application of the law, as explained in an Industry Advisory dated 8 July 2020. The amendments assist in enabling the consistent application of the requirements. The …

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Leaders of the pack: at the cutting edge of Cayman captives

Cayman Finance CEO Jude Scott joined other industry leaders for a roundtable discussion to share insights on the captive insurance landscape in Cayman and discuss opportunities around its future growth and success. Some of the winners of the inaugural Captive International Cayman Awards gathered at a roundtable event in the Cayman Islands, delivered by Captive …

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100 Women in Finance Offers Free Membership to 2020 University Graduates

New York – 1 June 2020 – 100 Women in Finance (“100WF”), a global, practitioner-driven non-profit organization that serves more than 15,000 professionals in the finance and alternative investment industries, announces that it will extend a free one-year membership to any 2020 university graduate earning a bachelor’s degree or equivalent. 100WF CEO Amanda Pullinger said, …

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New eLearning course: ML/TF Risks in Financial Services Businesses

We are pleased to announce that new course content is available on the Cayman Finance eLearning platform. The course “Money Laundering and Terrorist Financing Risks in Financial Services Businesses” is the latest in the “Fighting Financial Crime in the Cayman Islands” series coordinated by the Government’s National Coordination Team for the Anti-Money Laundering Steering Group …

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Government Puts Forward Tax Information Authority Bill

The Ministry of Financial Services wishes to advise the following: The Tax Information Authority (Amendment) Bill, 2020 was gazetted on Friday, 29 May and will be presented by the Minister of Financial Services at the next meeting of the Legislative Assembly. The Tax Information Authority bill seeks to strengthen compliance, enforcement and cooperation functions of the competent …

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