Industry News

Cayman’s international insurance industry was not immune to COVID-19’s impact on the global economy posted strong 2020 captive returns per the Cayman Islands Monetary Authority (CIMA)’s recently published 2020 captive statistics.

The Ministry of Financial Services and its related entities have instituted a number of changes to increase efficiency of its operations to better support the work of the financial services industry in the midst of the coronavirus (COVID-19) pandemic. Most of the changes can be seen in the registration of company details with the Registrar …

Ministry Increases Efficiency During COVID-19 Pandemic Read More »

CRS Form Released, FATCA Deadline Extended The Department for International Tax Cooperation (DITC) advises industry of the following: CRS Compliance Form As of today (Wednesday, 15 April) the DITC is providing industry with the advance release of its new CRS Compliance Form. Whilst the 2020 deadline for submission of this form is 31 December 2020, …

CRS Form Released, FATCA Deadline Extended 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 »