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Powerful local law firm marks 50 years in Cayman

Powerful local law firm marks 50 years in Cayman

| 18/10/2017 | 0 Comments

(CNS Business): The largest and one of the most influential offshore law firm in the Cayman Islands marked its 5oth anniversary recently with a swanky reception at the Ritz-Carlton. Maples and Calder started life in 1967 when James “Jim” MacDonald and John Maples began doing business [...]

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Cayman Islands technocrats lobby on Capitol Hill

Cayman Islands technocrats lobby on Capitol Hill

| 18/10/2017 | 0 Comments

(CNS Business): Two officials from the Ministry of Financial Services were in Washington DC last month for face-to-face discussions with US politicians and officials on tax and financial services. Meetings were held with advisers and staff for several US senators and representatives who are at th [...]

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Cayman’s insurance sector eyes another successful year

Cayman’s insurance sector eyes another successful year

| 18/10/2017 | 0 Comments

(CNS Business): The Insurance Managers Association of Cayman is expecting 2017 to be another successful year for the industry. So far this year, 20 Class B licences have been issued, eleven of which represent third party insurers, as well as three Class C licences, and with the final quarter, no [...]

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Premier urges bosses to take part in wage survey

Premier urges bosses to take part in wage survey

| 11/10/2017 | 1 Comment

(CNS Business): Premier Alden McLaughlin is urging all employers to take part in the forthcoming Occupational Wage Survey, as the data collected will be an important tool for government and business in a number of areas, such as re-assessing the current minimum wage and helping young Caymanians m [...]

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GDP grows in first quarter of 2017

GDP grows in first quarter of 2017

| 05/10/2017 | 0 Comments

(CNS Business): The Cayman Islands rate of gross domestic product grew by around 2% in the first three months of 2017, according to the Economics and Statistics Office. The measure of local economic activity indicated that in the first quarter economic performance was broad-based and consistent [...]

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CIG hopeful of dodging EU’s latest blacklist

CIG hopeful of dodging EU’s latest blacklist

| 03/10/2017 | 2 Comments

(CNS Business): Premier Alden McLaughlin and Financial Services Minister Tara Rivers lobbied EU officials last week in an effort to keep the Cayman Islands off the latest Brussels list of non-cooperative tax jurisdictions. During the visit to the European capital, the premier said, the delegatio [...]

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Cayman government hires new firm to lobby Washington

Cayman government hires new firm to lobby Washington

| 03/10/2017 | 1 Comment

(CNS Business): The Cayman Islands Ministry of Financial Services  Home Affairs has quietly hired Texas-based law firm Baker Botts to provide counselling and advocacy services in the US capital, according to an article in the marketing industry press, which was republished on the firm’s [...]

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Former CIMA policy officer returns as deputy head

Former CIMA policy officer returns as deputy head

| 03/10/2017 | 0 Comments

(CNS Business): The Cayman Islands Monetary Authority has welcomed back an old employee who, after more than two years in the private sector, has returned to the regulator as the deputy head of Policy and Development Division. Rayford Britton, a former chief policy officer at CIMA, returned to t [...]

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Premier heads to Europe for more talks

Premier heads to Europe for more talks

| 26/09/2017 | 1 Comment

(CNS Business): As pressure continue to mount from Europe regarding offshore financial services, Premier Alden McLaughlin is heading another group travelling to London and Brussels this week for more talks regarding the sector. Accompanying him are his back [...]

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DMS hails proposed changes to fund governance industry

DMS hails proposed changes to fund governance industry

| 26/09/2017 | 0 Comments

(CNS Business): A Cayman Islands based firm has welcomed proposed changes to the governance of UK Authorised Fund Managers (AFMs). DMS Governance hailed the proposed changes, which were published in response to a Financial Conduct Authority report that highlighted a number of concerns with the g [...]

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Emergency measures grant evacuees the right to work

Emergency measures grant evacuees the right to work

| 25/09/2017 | 10 Comments

(CNS Business): The Cayman Islands Government is waiving normal procedures for temporary work permits for workers in the financial services industry who have evacuated to this jurisdiction from islands devastated by hurricanes Irma or Maria. “For those who say we should not be doing this, [...]

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Cayman tops Banker magazine’s global survey

Cayman tops Banker magazine’s global survey

| 05/09/2017 | 0 Comments

(CNS Business): The Cayman Islands has been named the world’s number one specialised financial centre in The Banker magazine’s 2017 survey, marking the ninth consecutive year earning the top spot in the global survey. Jude Scott, CEO of Cayman Finance, said the Cayman Islands has long been r [...]

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Cayman still has work to do to satisfy OECD

Cayman still has work to do to satisfy OECD

| 22/08/2017 | 0 Comments

(CNS Business): Authorities in the Cayman Islands dealing with the offshore sector still have work to do to satisfy the OECD, according to the latest peer review results by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes. Cayman was rated “largely complian [...]

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CIMA appoints new deputy head

CIMA appoints new deputy head

| 22/08/2017 | 2 Comments

(CNS Business): The Cayman Islands Monetary Authority (CIMA) last month named Shakira Cox Deputy Head of the Banking Supervision Division, responsible for providing support to the overall operation and management of the division, both on-site and off-site. CIMA Acting Managing Director Patrick B [...]

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US fraudster used stolen cash for Cayman home

US fraudster used stolen cash for Cayman home

| 07/08/2017 | 12 Comments

(CNS Business): A Kansas City man who admitted embezzling over US$6.5 million from his bosses also used some of his ill-gotten gains to buy a pricey beach house in the Cayman Islands using Cayman National Bank, according to a release from the US Attorney’s Office for the Western District of [...]

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