CIFSA: Economic Impact Study – Putting a hard number to it

While it is generally accepted among the population that financial services are a significant part of the Islands’ economy, it has always been difficult for most people, even industry executives, to explain just how large the impact is and exactly what benefits the islands receive from hosting the industry. Then, the various stakeholders and special interest groups will have some firm numbers on which to guide their discussions and plans for the future.

Challenges for the captive industry in 2016

There are three, at least, major threats/opportunities for captives as we enter a new year. These immediate three are 1) changing state regulations, 2)...

The Cayman Islands Directors Association Guiding the way

Sidebar Information: The Cayman Islands Directors Association During the period 2000 to 2008 the number of alternative investment funds registering in the Cayman Islands increased dramatically.This...

Why the current investment climate favors Cayman captives

The sun shines on the Cayman Islands – that’s a given. But it also shines on Cayman’s captive insurance industry, despite record global yields....

CIFSA update

Sidebar Information: CIFSA The past few months have been the most active and intense period in the Association’s five year history. As the attacks on our...

The Fight Against International Corruption – Other Jurisdictions

Side Bar - Other JurisdictionsSingapore Corrupt Practices Investigation BureauEstablished: 1952www.cpib.gov.sg Hong KongIndependent Commission Against CorruptionEstablished: 1974 www.icac.org.hkNew South Wales, AustraliaIndependent Commission Against Corruption Established:...

Cayman Finance

Back to Main Story: Regulatory push continues  Cayman Finance Update   c/o Lynne BylesManaging DirectorTower MarketingPO Box 11048 Grand Cayman KY1-1008Cayman Islands T: +1 (345) 623 6700E: [email protected]

Creating the future together – how the Cayman Islands Investment Council is leading the...

The success of the Cayman Islands, both socially and economically, has historically been based on a unique partnership between the public and private sectors. In these challenging times these two groups are once again coming together to write the next chapter in the islands prosperity.

The Directors’ Education and Accreditation Programme

The Directors’ Education and Accreditation Programme was focused on the following areas:

The age of compliance

Although financial service providers had understood and applied the fundamental proceeds of crime legislation and industry codes, the regulations mandated the creation of policies and procedures, and more importantly specific “roles” for employees. In the matter of months, risk managers became money laundering reporting and compliance officers.