June 23, 2018

UK Evening Standard Editor replies to Cayman Chamber

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EDITOR’S REPLY TO: Cayman Islands Chamber of Commerce Dear Paul BRITAIN — in particular London — has long had the reputation of being a global money-laundering capital. This is partly due to years of a no-questions-asked regime on setting up companies and buying properties here, but largely because of our links to secrecy havens like […]

Overseas territories react to UK legislation requiring public disclosure of beneficial ownership

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From Caribbean News Now PROVIDENCIALES, TCI — Following Tuesday’s decision by Britain’s House of Commons to force the Overseas Territories (OTs) to adopt public registers of beneficial ownership of companies, regional governments have responded vigorously to the development, with some calling for a different, more empowering relationship with the UK. The Sanctions and Anti-Money Laundering […]

The real beginning of the end for tax havens has begun

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By Richard Murphy From iNews The Essential Daily Briefing As the government agrees to calls for new measures aimed at increasing transparency in tax havens, tax justice campaigner Richard Murphy hails a momentous victory. Fifteen years ago John Christensen and I became the first full time anti-tax haven campaigners in the world. We had almost […]

Butterfield closes acquisition of Deutsche Bank’s Global Trust Solutions arm

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By Verdict Staff From Verdict private Banker International The Bank of N.T. Butterfield & Son has wrapped up the acquisition of Deutsche Bank’s Global Trust Solutions (GTS) arm. The deal, whose terms were not disclosed, was first announced in October last year. The deal excludes the US trust operations and covers about 1,000 trust structures […]

Cayman Islands: Collas Crill to address NAFER International Conference

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Collas Crill is continuing its support of the National Association of Federal Equity Receivers (NAFER) by speaking at its 2018 International Conference. The event, which takes place at the Westin Hotel in Grand Cayman on 12-13 April 2018, will see Cayman partner Stephen Leontsinis and BVI senior partner Gerard St. C. Farara QC speaking at […]

Cayman Islands: Appleby international private client practice maintains top Chambers Global Ranking

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The international Private Client and Trusts practice at Appleby, led by Cayman Islands Partner Carlos de Serpa Pimentel, has once again been highly ranked by Chambers Global 2018 in their International Private Client: Offshore Firms – Global category. As one of only two global firms ranked by Chambers in Band 1 in this space, Appleby […]

Butterfield announces results for fourth quarter and calendar year 2017

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Highlights: • Today announced a major new acquisition of Deutsche Bank’s banking businesses in the Cayman Islands, Guernsey and Jersey. Transaction is anticipated to close before the end of 2018; • Board declared quarterly dividend of $0.38 per common share, a 19% increase; • Announced a share repurchase program of up to one million common […]

Game-changing ID Register goes from strength to strength with advice from Carey Olsen

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From Offshore-Bankers One year after launch, the revolutionary Guernsey-based private funds platform, The ID Register (www.theidregister.com), has grown substantially with help from Carey Olsen. The ID Register is a universal investor onboarding platform created in response to the changing regulatory requirements and frustration in the funds industry at the lengthy paper-based processes for customer due […]

Cayman Islands latest jurisdiction to unveil foundations legislation

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By: Helen Burggraf From International Investment Cayman Islands latest jurisdiction to unveil foundations legislation The Cayman Islands has brought into force new legislation allowing for the creation of “foundation companies”, in what experts there are hoping will enable companies established under Cayman company law to function like a civil law foundation, while retaining separate legal […]

Collas Crill supports Cayman Finance student education and work experience programme

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Offshore law firm Collas Crill has once again demonstrated its commitment to supporting local Cayman Islands students with their career development goals through its summer internship programme. For the second year the firm has offered two students quality career development opportunities in both the legal and company management services sectors. This year Allena Rankine joined […]