Law firm Walkers has launched a new division dedicated to helping clients meet regulatory requirements and manage compliance issues.
The Cayman Islands Monetary Authority has promoted three executives internally as it looks to boost its statistics and analysis in particular.
Cayman Finance has launched an online learning portal designed to help ensure accurate information is known and shared about the jurisdiction.
Maples and Calder has announced that Alicia Thompson has completed her articles of clerkship with the firm and was admitted as an attorney-at-law in the Cayman Islands by Hon. Justice Williams on 8 June 2018.
Paradigm Governance Partners, which offers independent director services, distressed fund and value recovery services and outsourced accounting services, has hired an experienced fund professional as manager - fund services to assist the business in its rapid growth.
Mourant Governance Services has appointed Andrew Millar as its new head of corporate services in the Cayman Islands.
Carey Olsen has appointed Matthew Crawford as a consultant in its Cayman Islands dispute resolution and insolvency practice.
Cryptocurrency funds and initial coin offerings (ICOs) are exploding in popularity in the Cayman Islands. The GAIM Ops Cayman conference, which is taking place this week at the Ritz-Carlton in Grand Cayman, devoted a significant amount of time on the agenda to this hot market, but for independent directors looking to get comfortable with these funds, there is still a great deal of work to do and some big questions to answer.
Comply with new anti-money laundering regulations or face penalties - Trident Trust serves a timely reminder to Cayman Funds
Trident Trust, the independent corporate, fiduciary and fund administrator, is reminding Cayman Islands-domiciled funds – including private equity funds – that they could face fines of up to CI$500,000 and, in some cases, imprisonment for two years, if they fail to comply with updated anti-money laundering regulations, which were introduced in October 2017.
The twenty-third edition of the Global Financial Centres Index (GFCI 23) has ranked the Cayman Islands among top 25 best financial centres in the world, one of only four such jurisdictions from outside the G20.