Cayman Islands
North America | 11 Mar 16
Cayman firms plead guilty to helping US clients avoid tax
Two Cayman Island investment and trust companies pleaded guilty in a New York federal court to helping American clients evade tax. The first conviction of its kind outside Switzerland.
Fixed Income | 8 Mar 16
Knighthead launches first fixed index annuity
Cayman Islands-based insurer Knighthead Annuity & Life Assurance Company has launched its first fixed index annuity (FIA) for global clients.
Alternatives | 16 Feb 16
AIFMD passport inclusion decision expected by June – CIMA
The Cayman Islands Monetary Authority (CIMA) said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.
Structured Products | 19 Jan 16
Cayman copies US tax haven’s limited liability law
Cayman Islands has introduced limited liability company (LLC) legislation that combines the key features of a company and a partnership, intended to increase the structuring options for US investment funds.
JTC completes GAM Cayman fund business acquisition
Fund service provider JTC Group has completed its acquisition of GAM’s Cayman Island-based fund administration business.