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Cayman set to sign a TIEA with Colombia
Cayman and Colombia are set to sign a tax information exchange agreement on July 1. The agreement will be the 36th signed by Cayman, with negotiations underway with another 14 jurisdictions.
Appleby appoints corporate & commercial partner
Law firm Appleby has appointed Benjamin Woolf to partner in its Cayman office.
Government seeks feedback on FATCA guidance
The Cayman Islands' Ministry of Financial Services, Commerce and the Environment is now seeking feedback from businesses on guidance notes circulated to the financial sector regarding tax compliance under inter-governmental agreements with the US and the UK.
India’s regulator investigates Cayman fund
India’s market regulator, the Securities & Exchange Board of India (Sebi), has stopped a hedge fund based in the Cayman Islands from dealing in local securities pending an insider trading probe.
Concerns over beneficial owners registry plans
Government ministers had the chance to express concerns over the potential implementation of a public central register of beneficial owners of companies and other entities to a delegation of visitors from the UK this month.
Cayman funds must prepare for FATCA
Cayman investment funds are advised to carefully consider their due diligence obligations as the implementation of the US Foreign Account Tax Compliance Act (FATCA) looms, according to Maples.
Three executives plead guilty over funds fraud
Three executives at Connecticut hedge fund New Stream Capital have pleaded guilty in federal court to charges they misled clients in relation to Cayman Islands-based funds to keep the firm’s largest investor.
CIMA names new head of securities division
The Cayman Islands Monetary Authority (CIMA) has appointed Heather Smith, the deputy head of its investments and securities division as the head of the unit following the resignation of Yolanda McCoy.
Beneficial ownership registry concept is flawed
The chief executive of Cayman Finance, the organisation representing the financial services industry in the Cayman Islands, has questioned the logic and potential effectiveness of the planned implementation of a public central registry of beneficial ownership by the UK Government.
CIMA appoints head of insurance supervision
The Cayman Islands Monetary Authority (CIMA) has appointed Morag Nicol as acting head of the insurance supervision division.
