Cayman Finance News

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 the necessary steps to...

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 index that is objective,...

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 is expected to continue,”...

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 is the global collective...

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 to reinforce Cayman’s effective...