CAYMAN FINANCE NEWS

Cayman Finance pleased to have FBI acknowledge Cayman’s “immense value” in combatting financial crime June 25, 2019 - 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” of […]
Letter to the Editor: The Cayman Islands is a strong partner in combating financial crime  June 24, 2019 - 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 […]
Cayman Finance offers career pathways for talented young Caymanians April 29, 2019 - 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 last […]
Public Consultation Begins on Amendment to Securities Law April 17, 2019 - 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 from […]
Cayman Islands Committed to Caribbean Financial Action Task Force (CFATF) Progress March 19, 2019 - 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 to […]

UPCOMING EVENTS

UK/OT Trade Summit

The inaugural UK/OT Trade Summit will be held at the Kimpton Seafire Resort + Spa on 27 and 28 June 2019. The Trade Summit is jointly hosted by the Cayman Islands and UK governments and is the first of its kind. For more information, click here.

Click here for more details

CAYMAN NEWS

Crestbridge appoints new director to focus on Family Office Services from Cayman June 26, 2019 - Dominic Lawton-Smith has joined Crestbridge in Cayman to focus on ultra-high net worth families and their advisers. In his new role, Dominic will be responsible for growing the Family Office Services team in the Cayman Islands, working closely with the Group Heads of Family Office Services, Heather Tibbo and Paul Hunter, as well as Cayman based Directors Jonathan Bain and […]
Securities Investment Business (Amendment) Law Re-published June 20, 2019 - A corrected version of The Securities Investment Business (Amendment) Law, 2019, (SIBL) has now been published. Accordingly, the Cayman Islands Monetary Authority (CIMA) also has updated its SIBL-excluded persons notice on its website. Industry is advised that: Persons currently registered with CIMA as excluded persons must complete CIMA’s AML/CFT reporting forms by Thursday, 15 August 2019, regardless of whether or […]
Primeo Fund v HSBC: Cayman Islands Court of Appeal dismisses Primeo’s appeal June 17, 2019 - In a judgment delivered on 13 June 2019, the Cayman Islands Court of Appeal (“CICA“) dismissed the appeal by Primeo Fund (in Official Liquidation) (“Primeo”), a Madoff feeder fund, against the 2017 judgment of the Grand Court which had dismissed Primeo’s claims valued in excess of US $2 billion against its administrator and custodian, Bank of Bermuda (Cayman) Ltd (“BBCL”) […]

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