Cayman Finance News

Beneficial Ownership Consultation Launched

The Ministry of Financial Services is inviting public comments on its proposals to reshape Cayman’s beneficial ownership legislation, including by creating a single act to make the legislation more effective in fighting crime. See below from the Ministry of Financial Services: The Ministry of Financial Services asks industry associations, and the general public, to respond …

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Legislative And Regulatory Overview Of The Cayman Islands

Cayman Finance CEO Jude Scott provides a legislative and regulatory overview of the Cayman Islands in this submission to IFC Review: A strong legal and regulatory system is the necessary foundation for jurisdictions that want to succeed in the global financial services economy due to the intense sophistication of institutional investors, expanding global standards and …

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Cayman Finance Statement on G7 Global Minimum Tax Announcement

Cayman Finance issued the following statement by CEO Jude Scott following the announcement by G7 Finance Ministers that they have reached agreement on a global minimum corporate tax rate: “The Cayman Islands is a tax neutral jurisdiction and our financial services industry is the world’s leader in international investment funds, which are internationally recognised as …

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Cayman is not a tax haven!

Cayman Finance breaks down the characteristics of tax havens The Cayman Islands is a transparent, tax-neutral jurisdiction – not a tax haven. The jurisdiction’s model of tax neutrality for financial services business has long been misunderstood, and when something is misunderstood, suspicion is not far behind. These misperceptions around the jurisdiction have been perpetuated by the …

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Cayman Finance Statement on FATF Decision to Increase Monitoring of the Cayman Islands

Cayman Finance issued the following statement by CEO Jude Scott about the announcement by the Financial Action Task Force (FATF) that it was increasing its monitoring of the Cayman Islands: “The financial services industry appreciates the efforts made by the Cayman Islands Government to successfully address 60 separate FATF’s recommended actions to strengthen the jurisdiction’s …

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Cayman Finance Submission OECD Consultation: Pillar One and Pillar Two Blueprints

The Cayman Islands is a tax neutral hub that supports global economic growth and recovery. This is achieved through efficiently connecting law-abiding users and providers of investment capital and financing around the world. The Cayman Islands financial services industry has been recognised for decades as a strong partner with other leading jurisdictions and industries in …

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Cayman Finance Statement on UK’s Draft Order on Beneficial Ownership

Cayman Finance issued the following statement by CEO Jude Scott about the UK’s action to draft, but not enact, an Order in Council requiring Overseas Territories to establish public registers of beneficial ownership (PRBO) information: “The UK’s decision reflects a strong confidence in the Cayman Islands financial services industry’s dedication to transparency and emerging global …

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