Looking at the regulation of the funds industry, there is general approval of the way the Cayman Islands Monetary Authority (Cima) has been dealing with issues. Cima takes an open-door approach and responds proportionately and appropriately to regulatory challenges.
Cayman has full income tax transparency with the US and proactive tax reporting with EU member states. The US Justice Department has authority to conduct a criminal investigation regarding any file in the Cayman Islands since 1990.
The week on Risk.net, December 2–8, 2017Receive this by email