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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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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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Rivers begins job as advocate for offshore sector

Rivers begins job as advocate for offshore sector

| 24/07/2017 | 2 Comments

(CNS Business): The new financial services minister began her work as a voice for Cayman’s offshore sector during the recent visit to the UK for the Brexit meetings with the overseas territories. Tara Rivers was also advocating for the financial services industry, which she now has respons [...]

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Cayman has more Brexit power than UK cities, claims mayor

Cayman has more Brexit power than UK cities, claims mayor

| 05/07/2017 | 0 Comments

(CNS Business): Andy Burnham, the mayor of the North West English city of Manchester, has said the Cayman Islands currently has more influence in the Brexit talks than the UK regions. In a speech to local government associations, Burnham raised the growing fear that the financial services sector [...]

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Beneficial owner access opens to UK

Beneficial owner access opens to UK

| 04/07/2017 | 0 Comments

(CNS Business): Legislation came into effect this weekend that will allow UK law enforcement authorities to access details of the beneficial owners of all financial entities registered in the Cayman Islands. Officials said the new technology-based system enhancement to the beneficial ownership r [...]

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Cayman finance offers backing to new government

Cayman finance offers backing to new government

| 05/06/2017 | 0 Comments

(CNS Business): The CEO of Cayman Finance, Jude Scott, has offered his backing to the new government and commended the premier, Alden McLaughlin. Congratulating all the successful candidates in a short statement, the boss of the body that promotes the offshore sector was clearly relieved that an [...]

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AG outlines four year AML/terrorist financing plan

AG outlines four year AML/terrorist financing plan

| 26/05/2017 | 0 Comments

(CNS Business): Following the shortcomings identified previously by the Financial Action Task Force (FATF) and in Cayman’s regulatory regime to address emerging threats and vulnerabilities in the financial sector, the attorney general said a strategy has been developed ahead of the next FATF re [...]

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