Regulation/Compliance

Regulation/Compliance

Compulsory public country-by-country reporting and CCCTB – harbingers of total tax harmonization in Europe

In issue 47 of the Cayman Financial Review I have illustrated how the misuse of country-by-country (CbC)-type data facilitates the publication of misleading tax...

Testamentary freedom, wills and succession

Testamentary freedom has been in the legal press again recently, this time as a consequence of the introduction of the EU Succession Regulation (No.650/2012)...
Childs sandbox with toys

Regulatory sandboxes for Fintech

In November of 2018, Cayman Islands Financial Services Minister Tara Rivers announced that her ministry is planning to implement a regulatory sandbox for digital...

Should companies always fess up to corruption?

Famed financier Warren Buffet once advised, “Never ask a barber if you need a haircut.”  Obviously, self-interest could lead the barber to recommend at...

OECD Watch

The Organisation for Economic Co-operation and Development (OECD) has gradually carved for itself a central role in global tax matters over the last two...

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)...

National cryptocurrencies: Coming soon to a government near you?

Cryptocurrencies have seen their boom and bust. Many early adopters sought to use them as a means of circumventing traditional fundraising boundaries and norms....

Prosecuting money laundering offenses in the Cayman Islands: A balancing act

All thieves tend to spend the proceeds of their if they can before being apprehended. Alleging that they are also money launderers...

The Multilateral Instrument: Can the OECD improve international tax treaties?

Since the inception of the Base Erosion and Profit Shifting (BEPS) initiative, the Organisation for Economic Co-operation and Development has sought a means of...

New regulatory changes make funding for startups easier

On May 16, Americans will get a new way to both raise and invest capital. The long-awaited investment crowdfunding law will be live, more...

Switzerland’s financial market regulation in the age of Fintech

Financial market regulation has become a hot topic: With the advent of Fintech, startups building their novel business models flock to jurisdictions that offer...

Basel III: The key to perennial deficits?

In the aftermath of the 2008 global economic crisis, governments around the world have adopted new capitalization requirements for financial institutions. Known as Basel...

Category Five

Still reeling from the passage of the “Spanish Ladies” in September, the catastrophic hurricanes Irma and Maria, the Island nations of the Caribbean are,...

How regulation led to disruptive innovation in retail banking

Since the outset of the global financial crisis, the banking industry has been subject to dramatic regulatory policy change designed to restore stability and...
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Who should run the banks?

The financial crisis whose tenth anniversary we have just commemorated led many people to worry about the seeming asymmetry of rewards in the banking...

Freezing in the sunshine

Many of us are already aware that it is an offense under the Terrorism Law (2015 Revision), as amended, to provide or to make...

Crypto: The need to know

If the answer to the question “how does the Cayman Islands treat crypto-currency or digital tokens?” is still “we have not decided,” there may...

Regulate virtual currencies?

Should virtual currencies be regulated and if so, how? This question has been explored extensively even before Bitcoin and other crypto-currencies emerged. It has...

International sanctions checking – by no means as simple as it seems

We are often asked how regulated businesses can reduce the cost of ensuring that their client portfolios are free from sanctioned individuals and entities. Checking...

Promoting Cayman in the Middle East

 Given the political nature of any government decision, many may not fully appreciate the need for having a Middle East presence and being proactive to bring inward investment to our Islands.