Tag: Cayman Finance

Scott defends Cayman at offshore conference

Scott defends Cayman at offshore conference

| 21/11/2017 | 1 Comment

(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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Financial services gets budget boost

Financial services gets budget boost

| 07/11/2017

(CNS Business): Funding for the financial services sector has increased considerably in the 2018/19 budgets, the new minister for the sector, Tara Rivers, revealed in the Legislative Assembly Monday, as she stressed the need to protect the industry and underscored the importance of the sector to [...]

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Scott defends Queen’s use of Cayman funds

Scott defends Queen’s use of Cayman funds

| 07/11/2017 | 2 Comments

(CNS Business): After the first revelations from the hacked documents that have been dubbed the Paradise Papers began making headlines around the world Sunday, Jude Scott, CEO of Cayman Finance, has defended the British monarch’s use of Cayman Islands funds and what he said is the legitimat [...]

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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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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 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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