Tag: Cayman Finance
Cayman on new EU blacklist
(CNS Business) Updated: Government appeared to brush off the latest blacklisting of the Cayman Islands when it released a short statement on Wednesday at around 5pm following revelations by the EU that the jurisdiction had been cited as facilitating tax evasion.
Webb scandal not representative of Cayman
(CNS Business): It’s been three weeks since the Cayman Islands was shoved into the international spotlight of a corruption scandal, with the arrest of now former CONCACAF president and FIFA vice president, Jeffrey Webb. “This isn’t a representation of the jurisdiction,” Cayman Finance CEO Jude Scott told CNS Business, maintaining that Cayman has no tolerance for corruption, money laundering […]
Student programme to encourage careers in financial services
(CNS Business): The launch of a new student education and work experience programme is set to spark early engagement for Caymanian students interested in careers in the financial services industry. The 12-week programme targets Year 12 students who are job-ready and aims at putting more young professionals to work in this industry.
Deadline extended for risk assessment surveys
(CNS Business): Cayman Finance officials said when it comes to tackling money laundering and terrorist financing in the Cayman Islands, it’s all about working together as an industry to create awareness and solutions to this issue. The firm recently hosted a free informational seminar regarding the Cayman Islands Government’s Money Laundering/Terrorist Financing National Risk Assessment […]
Cayman Finance slams article
(CNS Business): Cayman Finance CEO Jude Scott is firing back against a recent article about the US Department of State Report, listing the Cayman Islands as a “country of primary concern” for money laundering and financial crimes. Scott stated ComplianceAid, an AML/CFT consulting firm, took the report out of context for opportunistic reasons, in an […]
Cayman Finance open to engage Labour on ownership issue
(CNS Business): As the May election period for the UK approaches, the opposition Labour party remains adamant about enforcing a centralized and public beneficial ownership register on British territories if it forms the next government. CEO of Cayman Finance, Jude Scott, told CNS Business that everyone needs to be cognizant about the elections and said he welcomes discussions […]
Cayman voted best hedge fund services jurisdiction
(CNS Business): Minister of Financial Services Wayne Panton said the Cayman Islands is now the preferred place for doing business, after being voted the Best Hedge Fund Services Jurisdiction at the 2015 Hedge Global Awards in London.
Cayman Finance hosts successful New York event
(CNS Business): Cayman Finance hosted another successful New York Breakfast Briefing at the Harvard Club of New Your City. This was the second time the organisation hosted the event, but it was the first time since the appointment of new CEO, Jude Scott.
Scott: UK demands on beneficial ownership unreasonable
(CNS): The new CEO of Cayman Finance has stated that he welcomes the position that the Cayman Islands Government is taking on the publication of beneficial ownership details on companies and funds registered here. Jude Scott said that the demands from the UK, which is seeking an open public access register, go too far.
Scott takes up advocacy job for finance sector
(CNS Business): Former Ernst and Young partner Jude Scott is the new Chief Executive Officer of Cayman Finance, the umbrella advocacy group for the local offshore sector. CF Chairman Ian Wight confirmed Scott’s appointment Thursday and said the organisation was fortunate to have such a well-respected member of the community take up this vital role […]
Cayman tops Banker survey for sixth time
(CNS Business): Cayman’s position as the world’s top specialised financial centre was reconfirmed again this week with the news that this jurisdiction has come first in a leading international survey, topping the specialised financial centres ranking, as compiled by The Banker magazine. This is the sixth consecutive year that the Cayman Islands has led the […]
Former Cayman Finance CEO to join Harneys
(CNS Business): Gonzalo Jalles, who has been CEO of Cayman Finance for the past two years, will join Harneys as Head of Fiduciary and New Services in Cayman later this year. In this role, Jalles will lead the development of the company’s fiduciary and corporate services offering in Cayman and beyond, and will work closely with […]
GFCI 16 methodology questioned by Cayman Finance
(CNS Business): Cayman Finance has criticised the overall methodology of the sixteenth Global Financial Centres Index (GFCI 16), which found that the Cayman Islands dropped 11 ranks among financial centres around the world since GFCI 15, and now sits at #54. But the CEO of Cayman’s financial services umbrella organization said that some of the […]
Cayman Finance CEO to step down
(CNS Business): The first person to hold the post of Chief Executive Officer for Cayman Finance, Gonzalo Jalles, will be leaving the organisation in mid-November, the umbrella organisation for Cayman’s finance industry has announced. Ian Wight, Chairman of Cayman Finance, thanked Jalles for his significant contributions to the organisation and, more broadly, Cayman’s financial services […]
Cayman loses ground in global index
(CNS Business): The Cayman Islands has dropped 11 ranks in the Global financial Centres Index 16 (GFCI 16) in the most recent rating of financial centres published this month. Down 23 points, Cayman is now ranked at #54 in the global listing, compiled by the Z/Yen Group, and third in the list of offshore centres, […]
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