LA Statement by Cayman Islands Minister on Financial Services introducing a digital assets framework
Legislative Assembly Statement Minister of Financial Services, the Hon. Tara Rivers, JP, MLA Update on Financial Services – Introducing A Digital Assets Framework Second Meeting of the Legislative Assembly 2018/2019, 14 November 2018 Mister Speaker, I rise to make a…
Cayman Islands’ offshore banking sector dropped in 2017
By: Pedro Gonçalves From International Investment Offshore banks reported losses of $1bn last year, an improvement of the $2bn of net losses in 2016, according to the Cayman Islands Monetary Authority’s 2017 banking digest. “While the sector reported reductions in…
Undertaking Voluntary Liquidations of Cayman Islands Entities prior to 31 December 2018.
From Loeb Smith Voluntary liquidations generally As the conclusion of 2018 approaches, clients should give some thought to whether or not they have Cayman entities which they wish to liquidate prior to the end of 2018 for, among other things,…
Cayman Islands’ Investment Funds show continued stability
Cayman Islands: Cayman Islands Monetary Authority – Quarterly Statistics, Investment Funds (To End Q2, 2018) Article by Matt Mulry and Jonathan Law, Dillon Eustace From Mondaq The Cayman Islands Monetary Authority (CIMA) has published statistics for the numbers of private…
Cayman Islands Monetary Authority signs MOU with Insurance Commissioner Group
The Cayman Islands Monetary Authority (“CIMA” or “the Authority”) signed a memorandum of understanding (MOU) with The National Association of Insurance Commissioners (NAIC) on 4 August 2018. The signing took place during a meeting of the International Insurance Relations (G)…
Cayman Islands: Privy Council upholds Court of Appeal Decision on CIMA powers
On 13 July 2018, the Judicial Committee of the Privy Council in London issued a decision on 13 July to refuse Select Vantage Inc.’s application for permission to appeal a decision of the Cayman Islands Court of Appeal. In refusing…
The Editor Speaks: Losing your home to foreclosure
Today we have published an excellent article from The Cayman Islands Monetary Authority under the title of “Cayman Islands Monetary Authority issues Public Advisory: Understanding foreclosures”. It gives advice everyone should heed. Banks are merciless. They hold all the cards…
Cayman Islands licenses 14 captives in Q2 2018
From Captive International The Cayman Islands Monetary Authority issued 14 captive insurance licenses during the second quarter of 2018, including two portfolio insurance companies (PICs). As of June 30, 2018, there were a total of 698 Class B, C and…
Cayman Islands FTS to host seminar on Roles of MLRO, AMLCO & Deputy MLROs
Following the Cayman Islands Monetary Authorities (CIMA’s) recent clarification on the various compliance roles of investment vehicles and other entities, local financial services training company, FTS, has announced it will be hosting a seminar on the roles of MLRO, AMLCO…
Cayman Islands: Cayman Islands Monetary Authority – Quarterly Statistics, Investment Funds (To End Q1, 2018)
Article by Matt Mulry, Jonathan Law and Christine Holland Dillon Eustace From Mondaq The Cayman Islands Monetary Authority (CIMA) has published statistics for the numbers of private investment funds registered with them across various categories and in aggregate (typically excluding…
