Cayman meets OECD’s economic substance requirements July 26, 2019 - Cayman Finance is pleased to note that the Organisation for Economic Co-operation and Development (OECD), has completed a review of the Cayman Islands’ domestic legal framework that includes economic substance legislation and found that the Cayman Islands tax neutral regime is not harmful and meets all economic substance requirements. The review was conducted by the OECD Forum on Harmful Tax […]
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 […]
Economic Substance Guidance Notes Updated September 17, 2019 - The Department for International Tax Cooperation (DITC) wishes to advise industry of the amendment to Guidance v2.0, to reflect the changes made by the International Tax Co-Operation (Economic Substance) (Amendment of Schedule) (No. 3) Regulations, 2019. Guidance 2.0 is amended with immediate effect. -end- Click here to read the amendment.
Mourant welcomes two new Articled Clerks to its corporate practice September 16, 2019 - Leading global offshore law firm, Mourant, has announced two new Caymanian Articled Clerks have joined its corporate department, bringing the headcount in the Cayman Islands office to 90. David Ramsaran, 2018 Chantal Whittaker Memorial Scholarship recipient, recently completed his LPC at the University of Law in London with Commendation. Prior to that, he graduated with First Class Honours in Law […]
Registration Now Open for Intro to Software Development Courses September 16, 2019 - Cayman Code Academy is utilising the proven curriculum of Code Fellows, an internationally recognised coding school. No prerequisites or previous experience required for 100-level courses. Cayman Enterprise City (CEC) in partnership with the University College of the Cayman Islands (UCCI) and internationally recognised code education experts Code Fellows, have announced that registration is now open for Cayman Code Academy (CCA), […]