Cayman News

  • The offshore future is bright

    July 20, 2017
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    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.

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  • Scope And Obligations – Cayman’s New Beneficial Ownership Regime Begins

    July 19, 2017
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    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.

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  • Hedge funds attract net inflows in 2017

    July 19, 2017
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    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.

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  • Red Ensign conference addresses maritime security and Brexit

    July 19, 2017
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    Maritime security and Brexit’s impact on the operation of ships flying under the Union Jack were among topics at the Red Ensign Group Conference in the Cayman Islands, where shipping authorities and regulators from across the Commonwealth met last week.

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  • Businesses urged to prepare for data protection challenges

    July 19, 2017
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    Legislation approved in last-minute parliamentary push, reports the Cayman Compass.

    Within the next two years, the Cayman Islands will introduce far stricter privacy protection rules affecting every business that processes customers’ or clients’ personal information.

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