Tag: Cayman Finance

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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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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UK crime law will impact CI financial sector

UK crime law will impact CI financial sector

| 17/03/2017 | 0 Comments

(CNS Business): A new piece of legislation currently being steered through the UK parliament could have a significant impact on the Cayman Islands. The Criminal Finances Bill, which once passed will amend the Proceeds of Crime Act, is focused on dealing with terrorist financing but it also create [...]

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Scott serves up CI financial sector at NY breakfast

Scott serves up CI financial sector at NY breakfast

| 14/02/2017 | 0 Comments

(CNS): Cayman Finance CEO Jude Scott served up a detailed helping of the Cayman Islands financial services sector at a New York breakfast earlier this month to over 150 people. Scott told the New York financiers that Cayman was a well regulated jurisdiction that was important to the global econo [...]

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Laws drafted to pave way for beneficial ownership access

Laws drafted to pave way for beneficial ownership access

| 19/12/2016 | 4 Comments

(CNS Business): Three new pieces of legislation are expected to be gazetted this week, paving the way for the Cayman Islands to create a platform whereby relevant authorities in other countries can access information on beneficial owners of companies and other financial entities registered here. [...]

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Cayman Finance says Oxfam is wrong

Cayman Finance says Oxfam is wrong

| 14/12/2016 | 0 Comments

(CNS Business): The local body representing the offshore sector has described a recent Oxfam report on tax havens as “the same purposefully misleading rhetoric pretending to be research that Oxfam has published and republished for years”. Cayman Finance said the analysis was biased and “in [...]

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Cayman Finance boss talks transparency with BBC

Cayman Finance boss talks transparency with BBC

| 22/11/2016 | 1 Comment

(CNS Business): Appearing on ‘Business Live’ on the BBC’s World News channel earlier this month, Jude Scott stressed that Cayman is not a tax haven but a tax neutral jurisdiction. The CEO of Cayman Finance pressed home the continued claim that Cayman is a transparent jurisdiction w [...]

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Britain’s OT minister backs Cayman’s offshore sector

Britain’s OT minister backs Cayman’s offshore sector

| 13/10/2016 | 0 Comments

(CNS Business): During her recent trip to the Cayman Islands, Baroness Anelay attempted to soothe fears that pressure from the world’s most powerful economies for increasing transparency in the offshore sector will eventually undermine the financial services success in jurisdictions like Cayma [...]

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Italy places Cayman on ‘whitelist’

Italy places Cayman on ‘whitelist’

| 01/09/2016 | 2 Comments

(CNS Business): Cayman’s financial services industry received a boost last month when the Italian government revealed that it now has the jurisdiction on its whitelist. As a result of a European assessment of offshore financial centers, Cayman had ended up, local officials believe unfairly, on [...]

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New company law will boost business, says Scott

New company law will boost business, says Scott

| 28/07/2016 | 1 Comment

(CNS Business): The CEO of Cayman Finance, Jude Scott, said the Cayman Islands financial services industry has welcomed the new limited liability company (LLC) regime, which came into effect just three weeks ago with the implementation of the  law and the publication of underlying related regul [...]

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Cayman snubbed by ESMA over funds passport

Cayman snubbed by ESMA over funds passport

| 20/07/2016 | 4 Comments

(CNS Business): The Cayman Islands is facing yet another challenge to its financial services sector after the long anticipated decision from the European Securities and Markets Authority Tuesday not to recommend that the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU al [...]

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Local finance body warns of Brexit volatility

Local finance body warns of Brexit volatility

| 24/06/2016 | 0 Comments

(CNS Business): Jude Scott, CEO of Cayman Finance, the industry body which represents the local financial services sector, has warned of short-term volatility in the wake of Britain’s surprising exit from the European Union, but he said he believes the local industry will weather the forthc [...]

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CIG and Cayman Finance sign another deal

CIG and Cayman Finance sign another deal

| 01/06/2016 | 2 Comments

(CNS Business): The offshore industry body, Cayman Finance, has signed a new memorandum of understanding with the Cayman Islands Government to further cement their improved working relationship. When the first MOU between Cayman Finance and the financial services ministry was signed in 2013, bot [...]

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Industry relieved by Cayman’s limited Panama links

Industry relieved by Cayman’s limited Panama links

| 11/05/2016 | 1 Comment

(CNS Business): Although the Cayman Islands appears a number of times in the Panama Papers, which have now been made public, given the amount of data leaked, the jurisdiction has a relatively limited and benign part in the story. As government officials and financial service sector representativ [...]

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Cayman to extend BO info exchange and repeal secrecy law

Cayman to extend BO info exchange and repeal secrecy law

| 11/05/2016 | 22 Comments

(CNS Business): After just two days in London, the Cayman Islands Government has announced plans to enter into deals, similar to the one it has with the UK, over the exchange of beneficial ownership information with other jurisdictions and to amend the notorious secrecy law. On the eve of the UK [...]

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