Maples boosts its regulatory & compliance unit
The Maples Group has appointed Hugo Lodge as a partner in its regulatory & compliance legal practice.
CIMA appoints deputy head of compliance division
The Cayman Islands Monetary Authority (CIMA) has appointed a deputy head of its compliance division.
Cayman may need to improve counter-terrorist financing systems
The Cayman Government has responded to what appears to be a damning evaluation of the effectiveness of Cayman’s anti-money laundering framework by launching an action plan that aims to address any deficiencies within a year.
Government stresses commitment to standards after CFATF report
The Cayman Islands government has stressed it remains committed to upholding the highest global standards on money laundering and terrorist financing responding to the recently published Caribbean Financial Action Task Force (CFATF) Fourth Round Mutual Evaluation Report on the Cayman Islands.
Cayman omitted from EU tax blacklist but Bermuda gets caught out
The EU has issued its list on non-cooperative tax jurisdictions. The Cayman Islands does not feature but Bermuda has been blacklisted for failing to make regulatory changes it had previously promised to make.
Aspect Capital launches new Cayman-domiciled fund
Aspect Capital (Aspect), a $6.9 billion systematic investment manager, has launched a new Cayman-domiciled fund that will provide investors with access to the Aspect Systematic Global Macro Programme.
Cayman Islands Investment Group launches digital coin exchange
Cayman Islands Investment Group (CIIG) has launched a new Digital Asset Trading Platform based in the Cayman Islands.
Global equity market rebound boosted funds in February
The Eurekahedge Hedge Fund Index gained 0.86 percent in February, supported by the global equity market which continued to rebound over a potential resolution of the US-China trade friction.
EU alt investment funds worth €4.9tr in 2017: ESMA
Alternative Investment Funds based in the EU was worth €4.9 trillion in 2017, as measured by Net Asset Value (NAV), according to The European Securities and Markets Authority (ESMA) first statistical report on the sector. That is nearly one third of the total EU fund industry.
Cayman remains top spot for offshore deal making
The Cayman Islands recorded 31% of all offshore M&A transactions and 26% of total deal value in 2018, maintaining its spot as the top jurisdiction for offshore deal making last year, according to a report released by offshore law firm Appleby.
