Jude Scott, CEO of Cayman Finance, issued the following statement about the new release of the twenty second edition of the Global Financial Centres Index (GFCI 22), which ranked the Cayman Islands once again as the 31st best financial centre in the world out of 108 total jurisdictions. Cayman’s ranking was the second highest among all UK Overseas Territories and Crown Dependencies and was one of only ten centres from outside the G20 to be included in the top 31 rankings.
“GFCI 22 is the latest assessment to consider the Cayman Islands role as a premier global financial hub and our commitment to transparency and cross-border cooperation on tax and law enforcement issues and rate them as among the best in the world. That’s a gratifying, if unsurprising, mark of the success of our decades-long commitment to being a leading international financial centre.
“This assessment also reconfirms that Cayman belongs among the G20 Plus – jurisdictions, including G20 countries and top international financial centres, that adhere to the highest global transparency standards. We have built a reputation for meeting or exceeding those global standards and it continues to be reflected in analysis like this.”