Cayman Finance News

A senior official from the United States Federal Bureau of Investigation (FBI) has commented on the positive role that jurisdictions like the Cayman Islands play in combatting financial crime. Appearing before the US Senate Banking, Housing, and Urban Affairs Committee in May 2019, FBI Acting Deputy Assistant Director (Criminal Investigative Division), Steven M. D’Antuono, spoke about the “immense value”...

Cayman Finance CEO Jude Scott, in a letter to the Editor of the Washington Post, has challenged misconceptions in a recent commentary written for that publication about the role of the Cayman Islands financial services industry. Cayman Finance is proud to protect, promote, develop and grow the Cayman Islands financial services industry, including engagement like this. You can view...

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...