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Data Protection in the Cayman Islands
Regulatory and Tax

Data Protection in the Cayman Islands

The Cayman Islands Data Protection Law comes into effect on 30 September 2019. All in scope entities need to ensure they are ready for the commencement of the Cayman Islands new data protection regime. This legal guide provides an overview of how the new regime will operate and what in scope entities need to prepare for the new regime.
SOS Substance on Substance: Episode seven – Holding Business and Finance and Leasing Business
Economic Substance

SOS Substance on Substance: Episode seven – Holding Business and Finance and Leasing Business

In the seventh instalment of Harneys’ Substance on Substance series, Philip Graham and Joshua Mangeot give an update on timing of the ITA Code and consider some FAQs around the “holding business” and “finance and leasing business” definitions.
The roles and responsibilities of the AML Officers of Financial Service Providers
Corporate

The roles and responsibilities of the AML Officers of Financial Service Providers

Money laundering is the process by which the proceeds of crime are channelled through the economy/financial system in a way which is intended to conceal the true origin and ownership of the proceeds of criminal activity. This Guide looks at the roles and responsibilities of the nominated officers of FSPs whose job it is to look out for and report suspicious activity and who oversee the compliance function and ensure that adequate systems and controls are in place to comply with the Regulations.
Are you ready for Data Protection in the Cayman Islands?
Regulatory and Tax

Are you ready for Data Protection in the Cayman Islands?

The Cayman Islands Data Protection Law comes into effect on 30 September 2019. Anyone who falls within the definition of a “data controller” must now comply with eight data protection principles in relation to any personal data processed by the data controller.
Continuations out of the Cayman Islands
Corporate

Continuations out of the Cayman Islands

One of the reasons why the Cayman Islands is a leading offshore jurisdiction is the flexibility of its companies and partnership legislation. This includes the ability of Cayman entities to transfer out of the Cayman Islands and move to another jurisdiction, by following the relevant procedure.
Key Benefits of Cayman Islands Structures
Corporate

Key Benefits of Cayman Islands Structures

Companies incorporated in the Cayman Islands are amongst the most popular offshore holding structures in the world. Whilst offshore vehicles are used for a wide variety of different purposes globally, there are a number of common factors which feed into the success of the Cayman product. Cayman vehicles are most commonly used in company or partnership-based fund arrangements formed by using companies or partnerships, but holding company structures and Cayman trusts are also popular.