The Cayman Islands has worked hard over two decades to overcome
outdated Hollywood stereotypes about the jurisdiction. While the mix of
organised crime, drug barons and crooked offshore professionals makes
for a good movie plot the reality is that Cayman meets or exceeds
international regulatory and financial industry standard
More information
January 5, 2010 More information on all programmes outlined above can be found onwww.caymanfinance.gov.ky andwww.discovercaymanfinance.com
Entrepreneurship, stability and competitiveness: three attributes of
the Cayman Islands economy that were recognised and reinforced in
November 2009 when a high-level delegation from the government engaged
a cross-section of investors from key financial markets around the
world.
Because goods, services, capital and people can move across borders, states must compete for these resources. That competition limits the ability of states to move toward the interventionist end of the spectrum and so frustrates proponents of greater regulation of financial markets.
Back then, there was only one main newspaper and one telecommunications carrier, banks were ultimately regulated by the Cabinet, whose members sometimes served as directors of the financial institutions they were regulating, requests for judicial assistance from foreign governments were automatically rejected if they contained the word ‘tax’, and Cayman based its marketing campaign around secrecy, a word that invites suspicion