The idea that companies are using jurisdictions such as the Cayman Islands to pay less tax is misleading and the facts do not support the headlines.
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.
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.
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.
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.
The methodology used by the Financial Action Task Force (FATF) in its peer review process has the potential to discriminate towards the Cayman Islands because the methodology is much more subjective than it was in the past.
Directors of Cayman corporate regulated hedge funds and start preparing now to ensure they are compliant with new regulations being introduced by the Cayman Islands Government on licencing and registration for directors of Cayman Islands corporate regulated funds, Solomon Harris has warned.
Athena International Management, an independent directorship services provider in the Cayman Islands, has expanded its corporate governance team for the second time in the last six months.
Law firm Conyers Dill & Pearman has made promotions across its global teams, including two appointments in the Cayman Islands. Six attorneys have been appointed to the role of partner or director.
The Cayman Islands chapter of the global organisation 100 Women in Hedge Funds (100WHF) will hold its inaugural charity gala dinner on Saturday 3 May 2014 at the beautiful Tiki Beach, Seven Mile Beach, Grand Cayman.