Tag: Jude Scott
Industry relieved by Cayman’s limited Panama links
(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 representatives do their level best this week to promote […]
Cayman to extend BO info exchange and repeal secrecy law
(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’s anti-corruption summit, Premier Alden […]
Industry body embraces new BO regime
(CNS Business): Cayman Finance, the association representing the local financial services sector, has offered its support to government’s deal with the UK over an enhanced regime for sharing information about the real owners of offshore financial entities. Cayman Finance CEO Jude Scott said they had worked in collaboration with government to bring expertise to the […]
Cayman part of the solution, not the problem
(CNS): The Cayman Islands financial services industry continues to play a leadership role on international regulatory issues and for setting global standards to fight financial crime, according to Cayman Finance CEO Jude Scott. “Financial crime is a serious global problem that requires a unified legal, social and law enforcement response,” he said. “One of the […]
Industry body helping CIG dodge public register
(CNS Business): With the threat still looming that the UK could force the Cayman Islands and other overseas territories to introduce a publicly accessible beneficial ownership register, Cayman Finance has said it is working with government on the technology to help satisfy the access demands without making the register public. Jude Scott, the CEO of […]
Cayman Finance calls for more public cash to protect industry
(CNS Business): The promotion and protection of Cayman’s financial services industry is badly underfunded, according to the head of Cayman Finance. Speaking last week at the inaugural Members Briefing of the industry’s private sector umbrella organisation, Jude Scott, its CEO, said the local FS industry was in urgent need of proper funding by government to ensure it was able […]
Cayman trust law must evolve to stem flight to Bermuda
(CNS Business): Cayman trust practitioners have again highlighted their concerns over a “flight to Bermuda” in a key area of trust restructuring work, where they say statutory Cayman trust law has failed to evolve.
Cayman prepares for AIFMD passport
(CNS Business): Cayman Islands financial and government leaders said they remain committed to working with the European Securities and Markets Authority as the island, along with other major jurisdiction, face uncertainty over whether they will be granted the EU’s Alternative Investment Fund Managers Directive (AIFMD) passport, allowing the sale of funds in European countries. ESMA […]
Islamic finance on the rise in Cayman
(CNS Business): Islamic finance is growing beyond traditional borders to encompass new markets worldwide and continues to make steady inroads in the European and US markets. The Cayman Islands has also become a hub for this type of fund.
Cayman to introduce new opt-in AIFMD Regime
(CNS Business:) The Cayman Islands Government is setting up new regimes that will allow managers to opt-in to reporting consistent with the European AIFMD requirements. On Friday two draft bills were published which make certain amendments to the Mutual Funds Law (MFL) and Securities Investment Business Law (SIBL).
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 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.
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