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Recent Articles

Cayman Finance CEO to step down

Cayman Finance CEO to step down

| 02/10/2014 | 0 Comments

(CNS Business): The first person to hold the post of Chief Executive Officer for Cayman Finance, Gonzalo Jalles, will be leaving the organisation in mid-November, the umbrella organisation for Cayman’s finance industry has announced. Ian Wight, Chairman of Cayman Finance, thanked Jalles for his significant contributions to the organisation and, more broadly, Cayman’s financial services […]

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Harneys sponsors young Caymanian to pursue law degree

Harneys sponsors young Caymanian to pursue law degree

| 02/10/2014 | 0 Comments

(CNS Business): Sydonie Barrett (19) , a former student at St Ignatius School, has been awarded a scholarship by Cayman law firm Harneys to study law at the University of Surrey in the UK. Managing Partner at the firm, Marco Martins, said that Harneys had given Barett the opportunity to qualify with a law degree and postgraduate qualification, which in turn will […]

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Update to banking regulations enhances Cayman’s appeal

Update to banking regulations enhances Cayman’s appeal

| 30/09/2014 | 0 Comments

The Cayman Islands have for decades been one of the world’s leading banking and financial centres, currently ranking as the fifth largest banking centre worldwide, with over 200 banks, including 40 of the world’s 50 largest banks, and over US$1.5 trillion in assets, writes Marco Martins, Managing Partner, Harneys. As is the case in most […]

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CIMA to co-host insurance seminar with Fitch Ratings

CIMA to co-host insurance seminar with Fitch Ratings

| 30/09/2014 | 0 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) will co-host a seminar with Fitch Ratings in the Cayman Islands next month. Fitch currently rates the securities of 92 different entities domiciled in the Cayman Islands, and considers it an important market. Sponsors of the event include Cayman Islands Insurance Association, Greenlight Re, RBC Wealth Management, Cayman […]

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Ogier Fiduciary Services re-brands following MBO

Ogier Fiduciary Services re-brands following MBO

| 29/09/2014 | 0 Comments

(CNS Business): Ogier Fiduciary Services launched its new brand and identity today, following the management buyout (MBO) from the Ogier Group in June. Chief executive officer Paul Willing said the additional investment would enable the firm to make their client service even better. Elian employs 500 people across 10 offices; the group has delivered 15 […]

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Cayman loses ground in global index

Cayman loses ground in global index

| 26/09/2014 | 0 Comments

(CNS Business): The Cayman Islands has dropped 11 ranks in the Global financial Centres Index 16 (GFCI 16) in the most recent rating of financial centres published this month. Down 23 points, Cayman is now ranked at #54 in the global listing, compiled by the Z/Yen Group, and third in the list of offshore centres, […]

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IRS warns IFIs of FATCA scams

IRS warns IFIs of FATCA scams

| 26/09/2014 | 0 Comments

(CNS Business): The Internal Revenue Service today issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial account information. The IRS said it does not require financial institutions to provide specific […]

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Local movie may show Cayman in new spotlight

Local movie may show Cayman in new spotlight

| 26/09/2014 | 0 Comments

(CNS Business): A short film written, directed and produced by an entirely local team which opened in Grand Cayman last weekend shows that movies shot here don’t have to be about money laundering or pirates. Although The Devil you Know film is shot almost entirely in Cayman, the location is unrelated to the story and […]

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$1,000 fines for health insurance offences

$1,000 fines for health insurance offences

| 17/09/2014 | 0 Comments

(CNS Business): Starting next month, the Health Insurance Commission will have the power to impose fines up to $1,000 for both employers and insurance companies for infractions of the health insurance law, though the accused person or company can still opt to take the matter to court instead of paying the fines and they will end up […]

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Major roadblock for cryptocurrency ‘haven’

Major roadblock for cryptocurrency ‘haven’

| 17/09/2014 | 0 Comments

(CNS Business): Capital Treasury Services (CTS), the company that linked Bitcoin businesses to banks in the Isle of Man, has said it will no longer be doing business with digital currency businesses as of next month. CTS said that while government was supportive of efforts to build Bitcoin businesses, its banking partners were not so positive. […]

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