Cayman News

  • Investment Summit Explores Data Globalization and Machine Learning

    February 8, 2019
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    Globalization is not over. In many ways, it is accelerating, as a new form of internationalization is no longer about goods and services but about data, according to Tony Cowell, partner at KPMG and chairman of the Cayman Alternative Investment Summit. Unstructured data like satellite imagery or social media data can provide “huge opportunities” for the alternative investment industry,...

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  • Amendments to Trust Law Expected

    February 1, 2019
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    Government is planning to amend the Trusts Law and related regulations this year, Minister for Financial Services Tara Rivers announced at the STEP Cayman Conference on Thursday. Cayman’s appeal for private client professionals is the long-standing strength of the financial services industry and the ability to attract business-based, robust commercial legislation and adherence to global regulatory standards, she said at...

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  • 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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