The Maples Group has appointed Hugo Lodge as a partner in its regulatory & compliance legal practice.
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.
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.
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.
The US Commodity Futures Trading Commission (CFTC) and the Bank of England, including the Prudential Regulation Authority (BoE) and the Financial Conduct Authority (FCA) have issued a statement regarding derivatives trading and clearing activities between the United Kingdom (UK) and United States (US) after the UK’s withdrawal from the European Union (EU).
Offshore law firm Carey Olsen has appointed Jasmine Amaria as a Cayman Islands and British Virgin Islands (BVI) corporate partner in its London office.
The Cayman Islands has further amended its anti-money laundering (AML) guidance, effectively broadening the scope of entities that are subject to the Cayman Islands’ AML laws and regulations.
Cayman Finance has broadly welcomed the draft International Tax-Co-operation (Economic Substance) Bill, 2018, released by the Cayman Islands Government.
Conyers Dill & Pearman employees Alan Dickson and Cora Miller have been called to the bar of the Cayman Islands.
A cross-jurisdictional team of lawyers from Carey Olsen have contributed to Global Legal Insight's first edition of Blockchain & Cryptocurrency Regulation.