Tag: Jude Scott
Scott defends Cayman at offshore conference
(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 panelist representing the financial industry in a discussion about the recent data hack and leak […]
Scott defends Queen’s use of Cayman funds
(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 legitimate use of offshore financial services by many investors. […]
Cayman still labeled as ‘notorious tax haven’
(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 corporations has painted Cayman as a notorious tax […]
Rivers begins job as advocate for offshore sector
(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 responsibility for in the new coalition government.
Cayman finance offers backing to new government
(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 agreement had been reached following a week of […]
Cayman faces critics head-on at tax conference
(CNS Business): The financial services ministry brought together some of the jurisdiction’s major critics at a conference last week on the issue of tax transparency. Minister Wayne Panton and his team stressed the importance of engaging with the critics of Cayman’s financial service sector and the issues of transparency when they invited representatives from long-standing […]
Finance sector is important to all, says Scott
(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 community at a time when the industry continues to come under […]
UK crime law will impact CI financial sector
(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 creates corporate offences for cases where people associated […]
Scott serves up CI financial sector at NY breakfast
(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 economy. “The Cayman Islands is the […]
Cayman Finance boss talks transparency with BBC
(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 where the financial industry is held to the highest […]
Italy places Cayman on ‘whitelist’
(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 the blacklist of a number of European countries. The CEO […]
New company law will boost business, says Scott
(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 regulations. “This new LLC law will give our industry a […]
Cayman snubbed by ESMA over funds passport
(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 alternative investment fund managers be extended to the jurisdiction. ESMA said it “could […]
Local finance body warns of Brexit volatility
(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 forthcoming economic storms. He said the financial sector would continue […]
CIG and Cayman Finance sign another deal
(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, both parties said benefits for the sector would be derived from implementing […]
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