The Latest

23 May 2013 (Caymanian Compass) As legislation from the United States, known as the Foreign Account Tax Compliance Act, starts to impact financial services institutions in the Cayman Islands, Cayman Finance, together with the Cayman Islands government’s Ministry for Financial Services, is holding a seminar the group anticipates should answer some of the outstanding questions the financial services industry and other interested parties may have on the subject. 

16 May 2013 (Cayman 27) Once again Cayman’s financial industry has come under scrutiny. Reports in the UK suggest a dossier of more than 100 names of people with money here, and other tax free jurisdictions, has been compiled to find those who are avoiding paying tax.

16 May - Hosted by Cayman Finance in association with the Ministry for Financial Services, this Seminar intends to answer many of the outstanding questions the financial services industry and any other interested parties may have on the subject of FATCA. The seminar takes place on the 27th of June in the Westin Grand Cayman. 

Click here to view the full and agenda and to register.

14 May 2013 (Cayman 27) The head of Cayman Finance has rejected claims from economist Jeffrey Sach that some residents here sit on hundreds of hedge fund boards. In a series of letters to the Financial Times newspaper in the United Kingdom, Mr. Sachs says the banking system here has $1.4 trillion in liabilities and assets, and he described the system as a “house of cards” for global finance.

1 May 2013 (Caymanian Compass) The Cayman Islands government has indicated to the British government that it is committed to joining the G5 pilot, announced in April by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange of tax information.