Monday, December 23, 2019

The growing threat of ambush marketing

The tactic called ambush marketing is increasingly becoming an issue in the Cayman Islands.

Gov’t plans public consultation on ‘economic substance’ changes

When late last year, Cayman avoided being placed on an EU tax blacklist by committing to remedy, before the end of 2018, what the EU called a lack of economic substance of Cayman-based entities, few knew what exactly the Cayman Islands government had promised to do.

Stunning stories among highlights at alternative investment forum

Agent Gregory Coleman tracked his quarry, the so-called “Wolf of Wall Street,” for 10 years, ultimately sending him to a Nevada minimum-security prison for money laundering and securities fraud.

Economic sanctions are rarely effective, often hurt wrong people

An examination of past sanctions on countries finds that only 4 percent were clearly effective.

The National Risk Assessment: AML risk under the microscope

The Cayman Islands is undergoing its first National Money Laundering/Terrorist Financing Risk Assessment, but what does this really mean for the jurisdiction?

Board Apprentice launches in Cayman

A U.K.-based nonprofit striving to widen the pool of board-ready candidates to increase diversity on boards globally launches in Cayman.

Women make headway in maritime industry

As the newest addition to the Women’s International Shipping and Trading Association, the Cayman Islands chapter received a warm welcome at WISTA’s general meeting and conference in Limassol, Cyprus.

Marijuana hedge funds: An emerging conundrum for regulators?

Will the launching of new marijuana hedge funds seeking to profit from legal cannabis sales in the Canada and the U.S. constitute money laundering by the Financial Action Task Force and federally defined illegal drug acts?

From Cayman to the world, Canada corners global cannabis market

In May 2017, a George Town pharmacy housed in CTMH Doctors Hospital received a shipment that just a year prior would have been unthinkable. That month, Professional Pharmacy Services legally purchased 12.96 liters (3.42 U.S. gallons) of cannabis oils from Canada’s CanniMed Therapeutics.

The downfall of Clover – a word of warning

A letter by Eric St-Cyr.

Tangled bankruptcy further delays Bahamas resort

Baha Mar, a planned $3.5 billion tropical symbol of the good life, has devolved amid a tangle of international legal controversy, financial mismanagement and broken pride.

Hedge Funds Care provides real benefits in Cayman

Now established for 10 years, Hedge Funds Care Cayman is making a big difference in Cayman's efforts to prevent and treat child abuse.

New Chinese mega-resort in Bahamas points way to future

The tourism industry of an island nation near Cuba and only a short flight from the United States is about to make worldwide news with the opening of a $3.5 billion seaside gambling resort ...


Cayman’s reputational risk and blockchain

The Cayman Islands is facing somewhat of a dilemma. Although its regulatory regime is not tailored to cryptocurrencies, token offerings or distributed ledger technology, Cayman became home to the world’s largest initial coin offering this year.

Investors move from hedge funds to private equity

Private equity is the most likely asset class that institutional investors are going to allocate more capital to.

Cayman moves up financial rankings

The twenty-third edition of the Global Financial Centres Index (GFCI 23) ranked the Cayman Islands as the 22nd best financial center in the world out of 110 total jurisdictions. Cayman’s ranking improved nine places over the last year and was the highest among all U.K. Overseas Territories and Crown Dependencies.

Uncertainty remains despite new economic substance rules

Substance legislation passed by lawmakers in December 2018 has laid down the parameters for the way Cayman is responding to pressure by the European Union to reform its tax regime, but many questions remain about the economic impact of the new framework.

Jamaica investing heavily in key role in international shipping

Jamaica has been quietly working to turn the seaport on its south shore into the global shipping logistics center of the 21st century.

Marijuana shares cloud the minds of investors

Since some American states started to legalize marijuana last year, many gamblers are very keen on cannabis shares.   Anyone who wants to invest some capital should rely on companies that deal with marijuana for medical use.

Presidential elections: Do they affect performance of economy, financial markets?

Elections are, by their nature, uncertain, which is why they are held in the first place.
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