Cayman Finance News

The fifth annual Cayman Finance Student Education & Work Experience Programme kicked off this month with the first of its in-school workshops, facilitated by financial services industry practitioners. Over 40 high-achieving Caymanian students from high schools across the islands met the eligibility criteria and were accepted into the 2019 programme. The students will participate in eight workshops across the...

Government plans to broaden Cayman’s regulatory regime for securities and investments via The Securities Investment Business (Amendment) Bill, 2019, which became available for public consultation yesterday (Tuesday, 16 April). The bill, which will be discussed in the next meeting of the Legislative Assembly, would allow Cayman to introduce a regulatory and supervisory framework for entities that previously were excluded...

Responding to the recently published Caribbean Financial Action Task Force (CFATF) Fourth Round Mutual Evaluation Report on the Cayman Islands, Premier Alden McLaughlin said: “The Cayman Islands remain fully committed to upholding the highest global standards on money laundering and terrorist financing. Our anti-money laundering and counter financial terrorism action plan will send a clear signal that we intend...

Q&A with Jude Scott, Cayman Finance What is the most important aspect of maintaining Cayman’s reputation as the world’s leading offshore IFC? The key element that ties together all of our efforts to operate a premier global financial hub for alternative investment funds and a culture of compliance with our laws, regulations and global standards is the world class,...

Cayman Finance CEO Jude Scott says the Netherlands got it wrong when they blacklisted Cayman. And he is encouraging officials there to revise their position. Last month the Dutch government named 21 countries on its tax blacklist. Cayman was among those flagged for low tax. Mr. Scott rejected the list, instead viewing it as an attempt to tarnish Cayman’s reputation. “The legal, regulatory and legislative...