Investments in mortgage-backed debts carry reduced risk in light of the special protections afforded to collateralized claims. Second-lien investing, however, is subject to enhanced risk due to the greater likelihood of collateral value insufficiency.
One potential mechanism to improve their AML systems is through the Inter-American Development Bank’s technical cooperation RG-T2224. It provides a grant to support member countries in their efforts to prevent money laundering and terrorist financing, in compliance with the new FATF standards.
As we move into the final quarter of 2015 we expect to see further developments with respect to local implementation of the CRS and the Cayman AIFMD Regime.
In nearly half of U.S. states, marijuana business is booming. Notwithstanding the federal ban, 23 states and the District of Columbia have legalized medical marijuana use. Colorado, Washington, Alaska, Oregon, and the District of Columbia also allow recreational marijuana use.
If you receive more than $10,000 in cash, be ready to report it within 15 days on a Form 8300. If you receive less than $10,000 by some other negotiable instrument, but the total exceeds $10,000, you most likely have to report it.
The second quarter of 2015 has seen the passage of long awaited enabling legislation for the Cape Town Convention to apply in the Cayman Islands and an interesting decision from the Grand Court considering the use of the “oppression remedy” ...
For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the one we are building toward. Don’t believe me?