CAYMAN FINANCE NEWS

Cayman Finance CEO Jude Scott spends two weeks in London promoting Cayman Islands financial services industry July 20, 2017 - Cayman Finance CEO Jude Scott has completed a two week visit to London to promote the Cayman Islands financial services industry and its role within the global financial economy. This visit was the first international joint venture between Cayman Finance and the new Minister of Financial Services, the Hon. Tara Rivers. “Cayman Finance, in conjunction with the Ministry of Financial […]
Offshore treasure July 19, 2017 - Even with sharp eyes, one can hardly notice some offshore jurisdictions – many are tiny islands – on a world map demonstrating China’s overseas investment routes and hotspots. However, their size does not match their importance in Chinese companies’ global business expansion. Once, the lure of paying much less tax than at home was perhaps one of the key reasons […]
Financial Services Minister Holds Meetings in London July 19, 2017 -   The core of the visit, which was held the week of 10 July, was the pre-Joint Ministerial Council (pre-JMC) meeting with the Overseas Territories; and a Brexit Joint Ministerial Council meeting between the Overseas Territories and the UK.  Minister Rivers attended these meetings as part of the Cayman Islands delegation, which was led by the Premier, the Hon. Alden […]
Cayman beneficial ownership laws take effect July 10, 2017 - The Cayman Islands on July 1 began to operate under new laws that will introduce a technology-based system to enhance its existing regime of maintaining and exchanging information about the true owners of Cayman-registered entities. The system is aimed at improving the speed of providing beneficial ownership information to U.K. law enforcement authorities. A three-person team from the U.K. Foreign […]
Teaching students about finance July 10, 2017 - The Cayman Finance Student Education and Work Experience Programme is in its third year and Friday (23 June) was the last of the most recent workshops. Cayman Finance CEO Jude Scott and student Zariah Linwood recently joined Cayman 27’s Janelle Muttoo live on set to talk more about the programme and why it’s important for young people. News source: Cayman […]

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Mourant Ozannes International Trusts & Private Client Conference 2017

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CAYMAN NEWS

The offshore future is bright July 20, 2017 - During a recent STEP Caribbean conference in Grand Cayman, Tim Ridley, past chairman of the Cayman Islands Monetary Authority, listed the attributes that will make or break international financial centers in the coming years: adequate infrastructure, stable political and economic environment, welcoming immigration policies, strong legal and judicial systems, tax neutrality and quality of professional services. Mr. Ridley was presenting […]
Scope And Obligations – Cayman’s New Beneficial Ownership Regime Begins July 19, 2017 - The Cayman Islands beneficial ownership regime (Regime) came into force on 1 July 2017.  It establishes a secure, non-public centralised platform on which beneficial ownership information of in-scope companies (ISCs) must be maintained.  Although trusts are themselves out-of-scope, they may still be Registrable Persons with obligations under the Regime and material penalties apply for breach. This Advisory focusses on the […]
Hedge funds attract net inflows in 2017 July 19, 2017 - The average hedge fund returned 3.14 percent in the first half of 2017. Almost 75 percent of managers showed positive returns and another 18 percent outperformed such equity benchmarks as the MSCI AC World Index, data provider Eurekahedge reported. This is a significant improvement over the same period last year, when only just over half of the managers did not […]

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