The following statement can be attributed to Jude Scott, CEO of Cayman Finance: “The EU’s recognition of the Cayman Islands as cooperative on both transparency and fair taxation is an important validation of Cayman’s commitment to a responsible policy of tax neutrality that poses no harm to other countries. The EU now joins many other …
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 …
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 …
Leaders of the pack: at the cutting edge of Cayman captives Read More »
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 …
New eLearning course: ML/TF Risks in Financial Services Businesses Read More »
The ‘Cayman Finance Cares’ programme, an initiative funded by Cayman Finance member firms, has raised in excess of CI$124,000 to support the operations of the Cayman Food Bank (Good Samaritan Food Bank). The Cayman Food Bank is a core hunger-relief organisation working to alleviate hunger and malnutrition in the local community. It is a centralised …
Cayman Finance raises over $124K to support local food bank Read More »
In February 2020, the Government’s National Coordination Team for the Anti-Money Laundering Steering Group (AMLSG), in collaboration with Cayman Finance, launched free on-demand lessons on the Cayman Finance eLearning platform entitled “Fighting Financial Crime in the Cayman Islands”. We are pleased to announce that a new series of courses on the Risks in the Cayman …
More than 450 meals were provided to workers at the Health Services Authority (HSA) over the Easter weekend through a ‘Feeding the Frontline’ initiative by Cayman Finance. Supported by donations from its membership, Cayman Finance was able to coordinate lunch deliveries for HSA staff over four days. The Cayman Finance ‘Feeding the Frontline’ programme was …
Cayman Finance ‘Feeding the Frontline’ Programme Supports Healthcare Workers Read More »
CEO Jude Scott wrote the following article ‘Liquidity and transparency: why tax neutral hubs matter in critical times’ which has been published in the Hedgeweek Cayman Islands In Focus 2020 special report. “Governments around the world have taken dramatic action to address the health risks caused by COVID-19, but doing so has also created a …
Liquidity and Transparency: Why Tax Neutral Hubs Matter in Critical Times Read More »
The Cayman Islands Financial Services Industry continues to provide tremendous value as the main economic driver of the Cayman Islands economy. Industry firms, Government and the regulator have implemented their business continuity plans to enable employees to work remotely from home and continue providing business services as usual across the industry during the extended curfew measures that have been put in place locally. “By taking …
From International Investment by Monique Melis and Malin Nilsson. As one member of the European parliament put it: “This sends a clear signal that the idea of turning the UK into a tax haven will not be acceptable to the EU.” In other words, the EU would not make any move to turn London into Singapore-on-Thames …
Comment: Is there more to the EU’s tax haven blacklist than meets the eye? Read More »