Cayman News

The Ministry of Financial Services is instituting its business continuity plan to minimise staff risk and maintain the confidence of the financial services industry in the midst of the coronavirus (COVID-19) pandemic. In accordance with wider Cayman Islands Government policy, the Ministry is utilising remote working capabilities and a shift-based approach to working hours for …

Ministry Maintains Functionality During COVID-19 Pandemic Read More »

The Department for International Tax Cooperation (DITC) advises industry that the Amendments to the CRS & FATCA Regulations were approved by Cabinet on 18 February 2020 and take immediate effect: 1. Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2020 2. Tax Information Authority (International Tax Compliance) (United States of America) (Amendment) …

CRS and FATCA Amendment Regulations, CRS Reportable Jurisdictions Now Available Read More »

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 »

The following is an update from Ministry of Financial Services. The purpose of this briefing note is to assist local service providers to communicate new regulatory requirements related to investment funds to clients of the jurisdiction.  Further detail will be provided during the month of January in the form of a FAQ ahead of the …

Investment Funds (Mutual Funds Bill and Private Funds Bill) Briefing Note Read More »