As the Cayman Islands Government’s Foreign Account Tax Compliance Act (FATCA) Task Force evaluates the suitability of a government-to-government reporting arrangement with the US, it also acknowledges that the local financial services industry is making its necessary preparations for managing FATCA.
Mourant Ozannes has been awarded the 'Best Offshore Law Firm - Client Service Award' at the HFMWeek US Hedge Fund Services Awards 2012. This follows the firm winning the same client service accolade in both the US and Europe in 2011.
For the fourth consecutive year the Cayman Islands has received the accolade as top jurisdiction as a Specialised Finance Centre in The Banker magazine’s 2012 survey of international financial centres, beating all other financial centres globally in this category.
While places like Virginia and Florida will mean the most to the upcoming presidential election in the United States, another location has been popping up disproportionately during the campaign: the Cayman Islands. Since the Republican primary season, Cayman has been at the centre of US media coverage of candidate Mitt Romney, relating to investments reportedly made by the former Massachusetts governor in the British overseas territory. But why has Cayman been mentioned so prominently, and so often? To learn more, Caribbean Journal talked to Richard Coles, the chairman of Cayman Finance, an association tasked with promoting the territory’s financial services industry, about Romney, President Barack Obama, and the frequent mention of the Cayman Islands in the US campaign.
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