Cayman News

  • Cayman Sees Number of Registered Funds Grow

    January 30, 2019
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    The number of funds licensed by the Cayman Islands Monetary Authority grew by 4.1% in 2018, with the total number just short of the 11,000 mark by the end of the year. Investors removed $19.64bn from the industry in December, bringing total investor redemptions to $35.3bn in 2018, the second highest investor redemptions since 2009. Add the  performance-related asset decline...

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  • OECD Tax Policy Representatives Visit Cayman

    January 10, 2019
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    (L-R) Minister of Financial Services the Hon. Tara Rivers; and the Premier, the Hon. Alden McLaughlin, with Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration and Melissa Dejong, the centre’s Head of Unit for the Harmful Tax Practices / Tax and Crime, on Thursday, 3 January 2019. High-ranking representatives from the OECD Centre for Tax...

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  • Cayman amends anti-money laundering rules

    December 20, 2018
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    The Cayman Islands has further amended its anti-money laundering (AML) guidance, effectively broadening the scope of entities that are subject to the Cayman Islands’ AML laws and regulations. The amended guidance now sets out the conditions in which financial service providers (FSPs), including Cayman Islands investment entities, can rely on a third party service provider to perform some of their AML...

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  • The current dynamics in the reinsurance market

    December 14, 2018
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    Gerardo García, President & CEO of Barents Re Reinsurance Company, Inc., discusses the current dynamics in the reinsurance market and the rationale for the company’s decision to redomicile to the Cayman Islands earlier this year Market Dynamics Bonds and Energy have been core business lines for Barents Re for many years and we continue to look for new profitable...

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  • Cayman Publishes Bills regarding Financial Services Standards

    December 7, 2018
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    In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards. The bills are The Companies (Amendment) (No. 2) Bill, 2018; The Local Companies (Control) (Amendment) Bill, 2018; and The International Tax Co-Operation (Economic Substance) Bill, 2018. They were produced following the Ministry of Financial Services’...

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