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Scott defends Cayman at offshore conference

Scott defends Cayman at offshore conference

| 21/11/2017 | 0 Comments

(CNS Business): The CEO of Cayman Finance, Jude Scott, defended the Cayman Islands’ financial services sector at an offshore conference in London recently. Taking a seat alongside several high-profile journalists at the 6th Annual OffshoreAlert Europe Conference in London, he was the only [...]

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Dart’s tunnel CPA hearing deferred over paperwork

Dart’s tunnel CPA hearing deferred over paperwork

| 30/10/2017 | 0 Comments

(CNS Business): The increasingly controversial application by Dart to expand the West Bay Road tunnel was adjourned Wednesday, after the planning department filed the wrong documents to the Central Planning Authority. It is not clear when the authority will hear the application as the agenda for [...]

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Cayman still labeled as ‘notorious tax haven’

Cayman still labeled as ‘notorious tax haven’

| 26/10/2017 | 5 Comments

(CNS) Business): Despite the efforts of Cayman Islands’ finance industry, with government and its lobbyists spending time and money trying to paint a picture of how it fits into the global economy and its high standard of regulation, another report on tax issues relating to US-based global [...]

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Offshore law firm braces for data exposure

Offshore law firm braces for data exposure

| 25/10/2017 | 14 Comments

(CNS Business): One of Cayman’s leading offshore law firms is bracing for potential exposure of its business and that of its clients in the international media after admitting that it suffered a cyber security breach last year. Some of the information has found its way to the International [...]

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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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Cayman committed to maritime improvements

Cayman committed to maritime improvements

| 17/07/2017 | 1 Comment

(CNS Business): A message from the new financial services minister to delegates at a shipping conference in Cayman last week pointed to the committment of the Maritime Authority of the Cayman Islands (MACI) to make life at sea safe, minimise ship pollution and encourage optimal living and workin [...]

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Non-profit law cuts fees for charities

Non-profit law cuts fees for charities

| 09/07/2017 | 1 Comment

(CNS Business): The implementation of the new Non-Profit Organisation Law, 2016 on 1 August will pave the way for charities and non-profit entities to avoid government fees. The law is part of a raft of new legislation passed in order to steer Cayman safely through the jurisdiction’s Caribb [...]

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Inadequate law must be updated, say lawyers

Inadequate law must be updated, say lawyers

| 28/03/2017 | 6 Comments

(CNS Business): The Cayman Islands Law Society said it was disappointed that the Legal Practitioners Bill failed to make it through the Legislative Assembly yesterday and warned that remaining with the status quo would continue to have a negative impact on current and future generations of local [...]

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Finance sector is important to all, says Scott

Finance sector is important to all, says Scott

| 28/03/2017 | 0 Comments

(CNS Business): Jude Scott, the CEO of Cayman Finance, said that the offshore financial services sector is important to everyone in Cayman and not just those making a direct living from it. In an effort to win the hearts and minds of the local communit [...]

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Cayman model may lead way on beneficial ownership

Cayman model may lead way on beneficial ownership

| 07/03/2017 | 2 Comments

(CNS Business): As the technical experts at the financial services ministry continue to work on the systems that will allow UK authorities to access the beneficial ownership details of companies and other financial entities domiciled in Cayman during investigations, the model Cayman is adopting c [...]

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Premier in London to promote Cayman

Premier in London to promote Cayman

| 01/03/2017 | 0 Comments

(CNS Business): Premier Alden McLaughlin will be promoting the Cayman Islands, including its offshore sector, in London this week having been invited to deliver an address on Friday at a conference at Blackstone Chambers, entitled, “Current Issues in Rule of Law and International Trade and Deve [...]

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Panton navigates choppy ‘blacklist’ waters

Panton navigates choppy ‘blacklist’ waters

| 08/02/2017 | 7 Comments

(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other ter [...]

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Minister optimistic over OECD assessment

Minister optimistic over OECD assessment

| 24/01/2017 | 2 Comments

(CNS Business): Financial Services Minister Wayne Panton says he is optimistic that the report on the local financial service sector’s compliance with international standards will be a good one. A team of assessors from the OECD Global Forum on Transparency and Exchange of Information for [...]

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CUC to close George Town HQ payment centre

CUC to close George Town HQ payment centre

| 19/01/2017 | 0 Comments

(CNS Business): Customers of CUC will no longer be able to pay their bills at the CUC head office in North Sound Road or its office at the Caribbean Plaza. In a circular sent out this week, the firm said it was changing the way it does business to focus on “delivering enhanced services in the a [...]

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Cayman listed as 2nd worst tax haven

Cayman listed as 2nd worst tax haven

| 13/12/2016 | 25 Comments

(CNS Business): The Cayman Islands has been named as one of the worst corporate tax havens in the world in a new report examining the impact that tax-dodging corporations have on the world’s poorest people. The report, by the international charity Oxfam, lists Cayman in second place behind Berm [...]

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