The Financial Reporting Authority (FRA) has published the attached “Guidance Identifying Proliferation Financing (PF)”. This guidance issued in an effort to assist reporting authorities in identifying PF and to comply with TFS obligations in relation to PF.
The Financial Reporting Authority (FRA) has published the attached “Guidance on Preparing and Submitting High Quality Suspicious Activity Reports”. The purpose of this Guidance is to inform and sensitize reporting entities to the importance of preparing and submitting high quality SARs to the FRA.
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.
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 …
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 »
Dear Cayman Finance Members, Cayman Finance is excited to not only embrace a new year but also a new decade. The past year has been a challenging, yet rewarding one, as the organisation elevated its game to promote and protect our industry and jurisdiction. At Cayman Finance, we remain committed to protect, promote, develop and …