The fight between offshore law firm Appleby and the International Consortium of Investigative Journalists over the publication of the firm’s client data in the international press continued at the annual OffshoreAlert conference.
The House of Commons Treasury Select Committee has announced several tax inquiries to assess the progress made by Her Majesty’s Revenue and Customs in tackling offshore tax evasion and in discouraging the use of tax avoidance schemes.
Butterfield has completed the acquisition of Deutsche Bank’s Global Trust Solutions business outside of the United States. The GTS portfolio consists of some 1,000 trust structures for approximately 900 clients.
FirstCaribbean International Bank Limited has filed a registration statement with the United States Securities and Exchange Commission for a proposed initial public offering in the United States of FCIB’s common shares.
Average prices in the Cayman Islands went up by 1.9 percent last year, according to the consumer price index for 2017. The latest CPI report by the Economics and Statistics Office shows that prices increased in all four quarters ranging from 1.4 percent to 2.8 percent.
The Ministry of Financial Services met with members of Cayman’s financial services industry associations to discuss several commitments made to the European Union Code of Conduct Group for Business Taxation (EU COCG) as part of its evaluation of jurisdictions for tax purposes.
Calling a racing driver “driven” may appear to be a bad play on words, but the only other accurate description of Danica Patrick, at least as far as one could tell from her interview at the Cayman Alternative Investment Forum last week, would be the title of her latest book, a 90-day workout and nutrition plan: “Pretty Intense."
An interview session with Hollywood star Will Smith at the Cayman Alternative Investment Summit took an unexpected turn Friday when the actor, accompanied by UCCI’s steel pan band Pandemix, rapped the theme song from his 1980’s TV hit show “The Fresh Prince of Bel Air.”
We should not expect artificial intelligence to take the form of human-like robots conceived by Hollywood movies like “Ex Machina,” “I, Robot” or “Star Trek,” but instead think of it as one of the many ways human thought and creativity are going to be enhanced, delegates at the Cayman Alternative Investment Summit heard.
The large majority of hedge funds and private equity firms are not reacting quickly enough to digital technologies that are radically reshaping the alternative investment industry, according to a research report by KPMG International and CREATE-Research.
In 1960, the Cayman Islands could not have been further removed from its status today as a small but prominent global financial center. At the time, the Cayman economy still largely relied on seamen’s remittances, fishing, agriculture, shipbuilding and hand crafts. Airline services were limited and the tourism sector in its infancy.