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The Ministry of Financial Services, the Cayman Islands Monetary Authority, representatives of the money-services businesses and members of the local banking industry are discussing the recent business decisions concerning remittance services.

The Ministry of Financial Services, the Cayman Islands Monetary Authority, representatives of the money-services businesses and members of the local banking industry are discussing the recent business decisions concerning remittance services.

We're bringing you bite size insights and a fresh point of view on current legal trends and forces shaping the market for those doing business with the Cayman Islands.

On 5 June 2017 the Data Protection Law, 2017 (Law) was published in the Cayman Islands Gazette.

A client has obtained a judgment or arbitral award, the judgment debt remains unpaid, and the assets of the judgment debtor appear to be located in an offshore jurisdiction such as the Cayman Islands...

Reporting Financial Institutions are reminded to complete any applicable FATCA notification and reporting through the Portal on or before the deadline of Wednesday, 10 August 2016.

The Cayman Islands are internally self-governing. Nor on any factual analysis is it necessary to do so.

For the fifth consecutive year the Cayman Islands has gained the top spot as the best specialised financial centre in the world for 2013, as surveyed by The Banker, with rankings’ tables recently released that show Cayman has again beat all its rivals and increased its score on last year in the process.

On March 4th 2004 the Board of the UK Inland Revenue granted the Cayman Islands Stock Exchange (CSX) status as a "recognised stock exchange" under Section 841 of the Income and Corporation Taxes Act 1988.

The Alternative Investment Fund Managers Directive (AIFMD) came into force on 22 July 2013 and is the outcome of a G20 consensus for closer regulatory oversight of the alternative investment funds sector, including hedge funds, private equity funds and real estate funds.

A power of attorney is a document by which the donor gives the attorney the power to act on behalf of and in the name of the donor.

The Cayman Islands' Court of Appeal recently heard an appeal on the ability of a fund to suspend redemptions and the payment of redemption moneys.

The Government of the Cayman Islands has this week gazetted a bill to repeal the statute that has frequently – and mistakenly – been described as Cayman's banking secrecy law.

Almost 58% of voters in a recent poll suggested Cayman should reject FATCA. Don’t get me wrong, my stomach says the same, but I’m going to try to explain why we cannot.

The Cayman Islands Department of International Tax Cooperation (DITC) has advised that it has extended the notification and reporting deadlines for both UK CDOT and US FATCA for 2016.

In previous updates we have alerted clients to the introduction of Cayman Islands regulations1, which give effect to the automatic exchange of tax information principles established by the US and UK intergovernmental agreements.