Financial services remain the economic lifeline
The financial services industry remains the lifeline of the Cayman economy while efforts to diversify the economy are needed and welcomed, every effort must be made to keep the heart of the economy strong.
Carne Group appoints fund expert
Carne Group, a provider of governance solutions to the global fund management industry, is expanding its Cayman Islands office with the appointment of Vanessa Barrett to its team of independent fund directors.
Beware of AIFMD implications, warns law firm
While the implications of the Foreign Account Tax Compliance Act (FATCA) and US regulatory rules arising out of the Dodd-Frank Act have generally been considered by US based fund managers, the European Union's Alternative Investment Fund Managers Directive (AIFMD) also has the potential to raise regulatory issues that may not be well understood.
Cayman businesses welcome FATCA agreement
Businesses on the Cayman Islands have welcomed the Cayman Islands Government’s successful conclusion of its negotiations with the US on a Model 1 Intergovernmental Agreement (IGA) under the US Foreign Account Tax Compliance Act (FATCA).
